Capital Management

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 19.6 billion in 2025.

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. Ageas strives to create a truly inclusive company – attracting the most talented people and offering a working environment where everyone feels they belong, collaborates to achieve our common ambitions and is recognized for their contribution. Ageas encourages its people to think and act differently, to speak up, to be themselves and to contribute their individual skills.For Ageas, diversity and inclusion is a business imperative, providing us with the foundation to achieve sustainable business results across different markets.

Ageas has been re-certified as Top Employer in 2026.

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 main responsibilities are:

• Perform capital analyses and provide recommendations to senior management and the relevant governance bodies. Contribute to the optimisation of capital and liquidity across the group.
• Manage the credit rating process, including capital model assessments, the preparation of meeting materials, and engagement with rating agencies.
• Support the execution of transactions, including capital markets and / or reinsurance. Work closely with the Treasury team and Group investment team in developing investments & hedging strategies together with Group Risk / ALM.
• Work closely with M&A to model the impact of transactions and design adequate financing solutions
• Maintain the Group Capital Management Framework, including return-on-capital metrics and portfolio analysis, and support its implementation across the operating entities. Propose relevant changes to adapt to different environments.
• In collaboration with relevant other Finance and Risk functions, monitor regulatory, accounting, rating agency, and capital market developments, assess their impact on the Group and its operating entities, and produce periodic reports on key capital metrics.
• Contribute to recurring Group processes, including the Multi-Year Budget, ORSA, and annual reporting, with respect to the relevant capital management topics.
• Act as a point of contact for operating entities and corporate functions on capital management matters to ensure consistency and alignment of interest at consolidated level

Your profile

• You have at least 5 - ideally 7 years 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 with at least 2-3 years in a capital management function.
• You have strong analytical skills, a good knowledge of Solvency II, and a working understanding of IFRS. Experience with credit rating agencies frameworks and methodologies is a plus but not required.
• You have led the review and/or the execution of structured transactions (either financial or reinsurance type), considering regulatory, accounting, risk and tax aspects in the analysis.
• You have a Master’s degree in Business Administration, Economics, Corporate Finance, Actuarial Science or a related subject.
• You are a team player with solid communication skills. You are proactive and enthusiastic about delivering the best results in a challenging environment.