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Capital Management – Junior Analyst

  • Ageas
Brussels, Belgium
  • Ageas
Brussels, Belgium


Ageas is a listed international insurance Group with a heritage spanning close to 200 years. We offer Retail and Business customers Life and Non-Life insurance products, and we are also engaged in reinsurance activities.

Our customers are at the heart of our business, and our products and services are designed to anticipate, manage, and cover their risks through a wide range of solutions designed for their needs, both today and in the future.

We are one of Europe's larger insurance companies and we are also well represented in Asia. In total, Ageas is on the ground in 13 countries (Belgium, the UK, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines) 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. Every day, more than 44,000 skilled and committed employees are at the service of nearly 45 million customers. Our Group has at its foundation a set of core values - Care, Dare, Deliver, and Share – representing who we are and how we work. As a “Supporter of your life” we seek to create social and economic value for our customers, employees, partners, investors, and society at large.

Ageas has been re-certified as Top Employer in 2024.

Within the Capital Management, Treasury & FCG department in Brussels, we are looking for a Junior Free Capital Generation (FCG) Team.

The concept of Free Capital Generation measures long-term capital sustainability and capital performance of an insurer. The concept is not only used for business management, but also externally disclosed and used by analysts and investors to validate and compare the relative performance of insurers.


In your role as Junior Analyst, you bring technical solutions and developments within the domain of free capital generation, and you offer technical support to the treasury and capital management department.

You contribute to and challenge the ageas FCG framework by

  • Maintaining the technical structure, documentation, and user interface of the in-house developed FCG Application;

  • Developing new features and functions to keep the FCG application up-to-date in line with specific business requests, market evolutions or regulatory developments;

  • Brainstorming about various methodological aspects related to Free Capital Generation;

  • Further embedding Application management for the FCG application;

  • Collaborating and aligning with other Group departments and local entities on core valuation principles as applied in other applications;

  • Offering functional or technical support to the Treasury and Capital Management department on a need basis.


  • You have a master in (Applied) Economics, (Civil or Commercial) Engineering, (Applied) Mathematics or Actuarial Sciences;

  • If you bring a first experience in finance, that will be a plus. If that experience was in the insurance sector, that’s even a bigger plus;

  • You have affinity with financial markets;

  • You have a basic understanding of the Solvency II framework;

  • You have a good knowledge of Excel VBA - reading and writing VBA skills are a must;

  • You are highly motivated and you have a self-learning attitude;

  • You are a team player, but you are able to work independently as well;

  • You are fluent in English.


  • 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.


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