Capital Management Analyst

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Our organisation

Ageas is a listed international insurance Group with a heritage spanning of 200 years, offering Retail and Business customers Life and Non-Life insurance, and is also engaged in reinsurance activities. As an international insurance company, Ageas concentrates its activities in Europe and Asia through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of over EUR 17 billion in 2023. Ageas aims to be a Great place to Grow for all its people, while always staying true to its four values: care, share, deliver and dare. It fosters an inclusive culture, that values diversity and encourages everyone to get the best out of their talents. 

Ageas has been re-certified as Top Employer in 2025.

The vibrant Ageas Corporate Centre in Brussels is home to a variety of Group level functions including, amongst others, Risk, Finance, Legal & Compliance, Investor Relations, Human Resources, Strategy, Business Development and Corporate Communications. It sets out the long-term strategy for Ageas and coordinates numerous initiatives across the Group to help realise the strategic ambitions. The Corporate Centre also facilitates knowledge and skills sharing amongst its local operating entities and JV’s, creating strong connections and leveraging on local strengths. It represents the Ageas Group towards external parties, managing relations with analysts, retail and institutional investors, regulators, rating agencies and the media.

Your function

Your responsibilities include among others:

• Preparing analysis in order to develop and improve the Capital Management Framework of Ageas (Dividend upstream, Leverage Targets, Target Capital, Return on Capital measures and Portfolio analysis)
• Contributing in the credit rating process of Ageas Group for all credit rating agencies that rate Ageas, by preparing relevant analysis, meeting materials, and populating the credit rating capital models
• Monitoring and reporting on the evolutions in the capital markets and their impact on Ageas
• Occasionally aiding the team with day-to-day tasks or ad-hoc projects involving Dividends, Capital Markets, or tasks supporting the M&A process
• Preparing the Capital Management quarterly reporting
• Producing the deliverables of the department in the regular processes of the Group (MYB, ORSA, Recovery Plan, RSR/SFCR, Annual Report, etc.)
• Performing various analyses relating to capital management matters

Your profile

• You have a Master’s degree in Business Administration, Economics, Corporate Finance, Actuarial Science or a related subject
• You have at least one year of professional work experience in a financial institution ((re)insurance capital management team or corporate & investment bank with focus on Financial Institutions) or a consulting firm focused on Financial Institutions
• You have a good command of MS Excel, Word and PowerPoint. Experience with Bloomberg and/or VBA (or a basic programming language) is a plus
• You have at least a basic level of understanding of Solvency II, IFRS and credit rating agencies frameworks and methodologies
• You have strong analytical and communication skills
• You are proactive and enthusiastic about delivering the best results in a challenging environment
• You are a team player, but you are able to work independently as well
• You are fluent in English
• Work permit in Belgium

We offer

• The possibility of (maximum 50%) home working;
• A dynamic, multicultural working environment;
• An interesting and extensive salary package (including meal vouchers, eco vouchers, hospitalization, disability and group insurance, additional child benefit, mobile allowance and intervention in the internet reimbursement, ...);
• The possibility to optimize part of your salary package through a flexible income plan;
• A corporate culture where you are encouraged to share your views and opinions;
• A flat organizational structure with close collaboration and communication with management and cross departments;
• An extensive range of learning & development opportunities through our online learning platform;
• The opportunity to further develop yourself and to be part of a great team at a Top employer in Belgium. Find out more about it here.

Interested?

Please apply online. We are looking forward to talking to you!