Actuary in Health Insurance (m/f/d) – ERGO Vienna
ERGO Versicherung AG is seeking an experienced actuary for its health insurance division in Vienna, offering a starting annual gross salary of 56,454.58 euros. The role focuses on product development, tariff adjustments, and regulatory reporting under frameworks including UGB, Solvency 2, and IFRS 17.
Did You Know?
The position requires familiarity with specialized mathematical modeling software, specifically PROPHET, to manage the company’s actuarial forecasting and reporting processes.
Operational Scope and Professional Requirements
The appointed actuary will manage the life cycle of health insurance products, from initial tariff design to the development of complex forecasting models. According to the company, the role demands a high level of technical proficiency in mathematical modeling and a deep understanding of current regulatory standards. The firm explicitly highlights the importance of IFRS 17, Solvency 2, and UGB compliance in its daily operations.
Candidates are expected to hold a degree in mathematics, with a preference for insurance mathematics. While not mandatory, the firm identifies AVÖ (Aktuarvereinigung Österreichs) certification as an advantage. The successful applicant will need to translate complex mathematical findings into clear, actionable insights for internal and external stakeholders, necessitating strong proficiency in both German and English.
Expert Insight: Samantha Carter
The emphasis on PROPHET software and international reporting standards suggests that ERGO is prioritizing the automation and modernization of its financial reporting infrastructure. For a professional, this signifies a role that balances traditional actuarial calculation with the evolving demands of data-driven, automated enterprise reporting.
Work Environment and Organizational Objectives
Located at the ERGO Center in the Businesspark Marximum, the role offers a hybrid work structure with flexible hours. The company maintains a stated commitment to diversity, noting that it seeks to increase the representation of underrepresented groups in leadership and technical positions. Management emphasizes a culture of open feedback and professional development, supported by benefits such as subsidized meals and corporate health initiatives.
What May Happen Next
As the company integrates these new actuarial functions, it is likely to see an increase in the speed and accuracy of its reporting cycles. The focus on automated reporting processes may allow the team to shift resources from manual data entry toward more strategic, long-term prognostic modeling. Furthermore, as the firm continues to align with international standards like IFRS 17, the actuarial team will likely play an increasingly critical role in the company’s broader risk management and product innovation strategy.
Frequently Asked Questions
What is the minimum salary for this position?
The annual gross salary starts at 56,454.58 euros, with the actual final offer depending on the candidate’s specific qualifications and experience.
What specific regulatory frameworks will the actuary manage?
The role involves responsibilities related to UGB (Austrian Commercial Code), Solvency 2, and IFRS 17 reporting standards.
Where is the workplace located?
The office is located at the ERGO Center in the Businesspark Marximum, Modecenterstraße 17, 1110 Vienna, which provides direct access to the A23 highway and the U3 subway line.
How do you think the shift toward automated reporting will change the daily responsibilities of insurance professionals in the coming years?