Madrid

Intern

Part Qualified

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Qualified

Senior Actuary

Life

Investments

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Systems

Python

Modelling

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Experience Analysis

Prophet

Coding

Pricing

MoSes

Valuation

Excel

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MATLAB

Senior Life ActuaryCompany: Munich ReLocation: Madrid, SpainDepartment: Life & Health Risk ManagementReporting to: Head of Risk & PricingAbout the Life & Health Hub in Madrid:Together with the Hubs in Munich and London, Madrid forms the Life and Health division in EULA of Munich Re. The Life & Health Madrid Hub aims to become an increasingly relevant player in the generation of new business for Munich Re through its initiatives in Southern Europe and Latin America.To achieve its ambition, Madrid has focused its growth strategy on scaling the traditional Protection business in Life and Health, shaping it via Business Transformation and expanding its Financial Reinsurance solutions across the region.The Risk and Pricing department based in Madrid is responsible for providing best-in-class actuarial and risk management services, ensuring the Hub’s rapid growth occurs sustainably and in line with the Group’s underwriting guidelines.About the role:The Senior Life Actuary works closely alongside colleagues in the Madrid Hub, the Risk Management team from the UK, and within Munich central functions in strengthening the Actuarial capabilities in the region.They will support the ongoing production of internal reports required, such as the Annual Risk Report, the Risk Assessment Monitoring, and the Operational Risk analysis.Madrid has a regional responsibility along Spain, Portugal, Italy, Malta, and Latin America, encompassing all Life and Health Protection and Financial Reinsurance contracts.The position will be based in Madrid.Key Responsibilities:Actuarial Risk Management:<ul><li>Review of large and complex transactions, especially with respect to Life business, underwriting/actuarial, financial, and operational risk, in line with the defined risk appetite.</li><li>Review changes to pricing bases, product designs, and pricing tools.</li><li>Work collaboratively with the other regional risk management units on projects and reviews.</li></ul>Enterprise Risk Management:<ul><li>Risk reporting to Regional CRO, Life & Health management in Madrid and central functions.</li><li>Review and assessment of other risk types e.g. market, credit, reputation, concentration, liquidity, etc.</li><li>Second line treaty wording review.</li></ul>General Risk Management:<ul><li>Support the business to write and maintain profitable commercial business and innovation initiatives, acting as a Business/Risk Partner.</li><li>Promote Risk Management principles, in line with the underwriting strategy, and communicate and raise awareness of Risk Management within the region.</li><li>Be a point of reference for the business for group guidelines and control processes.</li></ul>Key Skills & Experience:Essential:<ul><li>University graduate or equivalent; qualified actuary.</li><li>Experience in Life Actuarial areas.</li><li>Life pricing experience, particularly in areas of Life Protection.</li><li>Confidence and diplomacy to challenge peers and manage upwards.</li><li>Effectively dealing with senior stakeholders.</li><li>Ability to build an understanding of internal and external client strategy and needs.</li><li>Experience delivering projects.</li></ul>Desirable:<ul><li>A postgraduate qualification in insurance or risk management (e.g. CERA).</li><li>Significant experience in the Life and Health insurance market, preferably in reinsurance, pricing, or consulting.</li><li>Understanding of key features of a reinsurance contract.</li><li>Good knowledge of the protection market’s key products and features.</li><li>Understanding and familiarity with a range of Reinsurance Structuring solutions.</li></ul>Unlock your potential:<ul><li>Diversity, Equity & Inclusion: We embrace the power of differences and are convinced that diversity fosters innovation and resilience.</li><li>Continuous Learning: We believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.</li><li>Career Mobility: We actively support career mobility, offering a wealth of career growth opportunities.</li></ul>Rewards & Recognition:<ul><li>Competitive salary: Appropriate compensation for your high level of commitment.</li><li>Retirement provision: State-of-the-art in-house pension solutions.</li><li>Work-life balance: Promoting the compatibility of family and work.</li><li>Hybrid working: A very flexible approach.</li></ul>

Are you an actuary looking for an exciting opportunity to apply your expertise in a global environment? Do you want to play a key role in assessing and enhancing (re)insurance risk models? If so, we invite you to join Swiss Re’s Actuarial Control team within Group Risk Management!About the RoleAs part of the Actuarial Control team within Group Risk Management, you will use your actuarial knowledge and skillset to assess (re)insurance risks and their quantification. This will help safeguard the resilience of Swiss Re and its commitment to making its customers and the world more resilient.Your key responsibilities will be the following:<ul><li>Carrying out model validations by providing independent reviews and opinions of the quantitative risk (stochastic) models used to value the re(insurance) risks within our internal solvency model.</li><li>Preparing reports for senior management and regulators, providing your insights into model soundness and appropriateness.</li><li>Applying advanced statistical and data science techniques to assess the methodology and explore alternative model structures and parameters.</li><li>Assessment of the uncertainties, limitations, and shortcomings of the current risk models based on sound and clear quantitative or qualitative argumentation.</li><li>Monitoring and keeping track of regulatory changes affecting (re)insurance risk modelling such as FINMA Standard Re model or industry benchmarks.</li></ul>About the TeamThe team's remit is global and spans both Life &amp; Health and Property &amp; Casualty business, providing support to the Group Chief Actuary and Group CRO. Our team is small and geographically dispersed, providing the opportunity to work in a variety of areas.About YouYou have excellent interpersonal and communication skills with good spoken and written English. You’re naturally curious and enjoy breaking down complex problems into clear, simple concepts. You’re not afraid to step outside your comfort zone, eager to take on new challenges and build your expertise.With strong analytical skills, you can manage large, complex data sets while keeping an eye on the bigger picture.Essentials:<ul><li>University degree in a quantitative field (e.g. mathematics) with strong academic performance.</li><li>Qualified Actuary or pursuing actuarial qualifications, with experience in the P&amp;C (Re)insurance industry.</li><li>Experience using programming/scripting languages (e.g., MATLAB, R, Python, SAS).</li><li>Highly motivated with a strong desire to learn and a proven track record of quickly adapting to new challenges.</li></ul>For Spain, the base salary range for this position is between EUR 44,000 and EUR 73,000 (for a full-time role). The specific salary offered considers:<ul><li>the requirements, scope, complexity, and responsibilities of the role,</li><li>the applicant's own profile including education/qualifications, expertise, specialization, skills, and experience.</li></ul>In the situation where you do not meet all the requirements or you significantly exceed these, the offered salary may be below or above the advertised range.In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance-based annual bonus.Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.We are looking forward to your application!About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought, or other characteristics.In our inclusive and flexible environment, everyone can bring their authentic selves to work and their passion for sustainability.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Surety Pricing ActuaryCompany: Munich Re Risk Solutions IrelandLocation: Madrid, SpainAt Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment.At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, allowing them to achieve their individual goals.We are currently looking for a Surety Pricing Actuary to be based in Madrid on a full-time basis, reporting into the Head of MGA Performance.This individual will provide full provision of actuarial pricing and performance management support to our newly launched Surety business under MRS-GM.In addition to the day-to-day tasks, the successful candidate will contribute to activities linked to the development and implementation of the strategy of Surety primary insurance.This role will work closely with the underwriting team supporting the Chief Underwriting Officer, Surety, as well as Heads of, Underwriters, and both the London and Munich Finance teams.Responsibilities:<ul><li>Responsible for designing and developing a world-class pricing tool for Surety business working closely with the European underwriting team.</li><li>Support the development and enhancement of technical and commercial pricing capabilities for the Surety products in Europe, with initial focus in Spain.</li><li>Assist underwriting teams with product design ensuring any changes are correctly priced.</li><li>Track price adequacy and performance and lead profitability exercises using modelling and reserving techniques, as required.</li><li>Conduct technical analyses, investigations (e.g. inflation), and independent deep dive reviews.</li><li>Stay current on market dynamics and actuarial developments, including frequency, severity, and exposure accumulation trends.</li><li>Present results to a variety of stakeholders to provide insight and recommendations on pricing and performance related results for the financial lines product.</li><li>Engage proactively and collaborate with relevant stakeholders, focusing on pricing and performance.</li><li>Conduct actuarial analysis to support the onboarding of additional territories or new MGAs for Surety business.</li><li>Participate in Munich Re Specialty projects and initiatives to improve modelling capabilities and streamline pricing processes.</li><li>Contribute to expanding the breadth of actuarial, modelling, and statistical techniques used across the team.</li></ul>Knowledge and Skills:<ul><li>Expertise in pricing Surety insurance, ideally with pricing knowledge of a range of financial lines.</li><li>Experience in working independently and managing senior stakeholders.</li><li>Proven experience with modelling and data used in credit-related products.</li><li>Good understanding of standard reserving methods for Surety.</li><li>Strong analytical skills and attention to detail, with a proven ability to work collaboratively with underwriters.</li><li>Foundational knowledge and understanding of global macroeconomics and financial markets.</li><li>Excellent written and verbal communication skills, including report writing and presentations.</li><li>Fluency in English is a must; other European languages are also an advantage.</li><li>Strong proficiency in Excel, actuarial pricing software, databases, and tools is indispensable.</li></ul>If you are excited about this role but your experience does not align perfectly with everything outlined, we encourage you to apply anyway.Diversity, Equity & Inclusion:At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience. We recognize diversity can be multi-dimensional, intersectional, and complex, and we want to build a diverse workforce that includes a wide range of identities and backgrounds.All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process.Learning and innovating today, striving for sustainable societies and business tomorrow.At Munich Re Specialty – Global Markets, our approach to ESG is underpinned by our desire to seize business opportunities and nurture a stimulating and inclusive work environment.Apply now!

The Actuarial Function Holder (AFH) has a pivotal role within an insurance company. The Actuarial Function at Allianz Seguros must ensure the set-up of an appropriate control framework in line with the Allianz Integrated Risk and Control System for the validation of the key work products used for disclosure purposes. The AFH plays a critical role in reserving oversight, coordination of the calculation of technical reserves, pricing, and profitability oversight for Life/Health & non-Life portfolios.What you do<ul><li>Reserving Oversight: Provide leadership and direction for the reserving function, ensuring the integrity and reliability of reserve estimates for insurance liabilities. Develop and implement robust reserving methodologies, assumptions, and controls in accordance with regulatory requirements and best practices.</li><li>Opinion on Underwriting, Pricing and Product Development: The Actuarial Function forms an opinion about the adequacy and appropriateness of the pricing and underwriting policy.</li><li>Opinion on the Reinsurance Policy and Program: The Actuarial Function forms an opinion about the compatibility of the reinsurance process with the risk profile of the company, the adequacy and effectiveness under stress of the reinsurance program.</li><li>Contribution to Risk Management: The Actuarial Function contributes to the design, methodology, parameter, and assumptions of models used to determine the technical insurance risks component.</li><li>Actuarial Function Report (AFR): The Actuarial Function is obliged to provide a report on an annual basis, the Actuarial Function Report (‘AFR’). AFR addresses explicitly potential shortcomings that may have been identified in the relevant topics, including data quality and internal processes, and gives recommendations to solve them.</li></ul>What you bring<ul><li>Qualified Actuary with significant experience in reserving/pricing roles within the insurance or reinsurance industry, preferably at a senior level.</li><li>Extensive knowledge of actuarial principles, reserving/pricing techniques, and regulatory requirements applicable to insurance liabilities.</li><li>Strong leadership and communication skills, with the ability to effectively engage and influence stakeholders at all levels of the organization.</li><li>Proven ability to lead and develop high-performing teams, foster collaboration, and drive results in a dynamic and fast-paced environment.</li><li>Advanced proficiency in actuarial modeling, statistical analysis, and data manipulation using software tools such as Excel, SAS, R, or Python.</li><li>Strategic thinking and problem-solving abilities, with a focus on delivering innovative solutions to complex reserving challenges.</li><li>Commitment to professionalism, integrity, and ethical conduct in all aspects of actuarial work.</li></ul>The Actuarial Function Holder plays a critical role in ensuring the accuracy, adequacy, and compliance of reserve estimation processes. They provide strategic leadership and guidance to support the organization's financial stability and risk management objectives. The Actuarial Function Holder at Allianz Seguros will be reporting to the Chief Actuary of the company.

Life Pricing ActuaryCompany: Munich ReLocation: Madrid, SpainThe Risk and Pricing regional department based in Madrid is responsible for providing Munich Re's businesses in the markets of Southern Europe (Spain, Portugal, Italy, and Malta) and Latin America with best-in-class actuarial and risk management services.We are looking for an Actuary to join the Pricing team, under the regional Head of Risk and Pricing, supporting the region in underwriting and pricing of life and health reinsurance business, with experience in pricing, product development, and risk management. In this role, the actuary will work closely with the client managers and the other business origination units in the development and implementation of a strategic business plan in reinsurance solutions, and various projects of the department.As a member of the regional Pricing team, the actuary will join a community of Life and Health actuarial experts across Europe and Latin America, and from a business perspective will report to the Actuarial Pricing Manager.Your Job<ul><li>Provision of technical services to clients with a focus on Latin America, including the Brazilian market, in coordination with the local staff, particularly for the acquisition of new business and the maintenance of existing business, with specific support to Client Management, Business Development, and Financial Reinsurance teams</li><li>Support in the derivation of the best estimate bases and their timely updating</li><li>Support for product development initiatives, in close cooperation with MR experts in Madrid, Munich, and London</li><li>Support in the monitoring and valuation of existing and new business</li><li>Execution of risk management processes, especially with high-risk business</li><li>Preservation, acquisition, and promotion of expertise and technical coordination, with a focus on international exchange</li><li>The position will be based in Madrid</li></ul>Your Profile<ul><li>University degree in statistics, mathematics, or actuarial science, ideally a fellow member of an internationally recognized Actuarial Association</li><li>Experience in life (re)insurance pricing, including life contingencies, probabilities, and reserving, ideally in different markets or products</li><li>Experience in modeling with the use of actuarial tools is a must, and knowledge of programming tools such as Visual Basic, R, Matlab, etc.</li><li>Fluent in Spanish and very good business English. Portuguese would be a plus</li><li>The candidate should demonstrate a high degree of:
 <ul><li>Independence and ability to set priorities</li><li>Motivation to work in teams and spread knowledge</li><li>Communication skills</li><li>Analytical skills</li><li>Personal responsibility and ownership</li><li>Ability to work under time pressure</li></ul></li></ul>About usAs the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment, or even space travel.Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.Sounds like you? Push boundaries with us and be part of Munich Re.Unlock your potential<ul><li>Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.</li><li>Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.</li><li>Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.</li></ul>Rewards & Recognition<ul><li>Competitive salary: appropriate compensation for your high level of commitment.</li><li>Retirement provision: state-of-the-art in-house pension solutions.</li><li>Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.</li><li>Hybrid working: living the best of both worlds – we offer you a very flexible approach.</li></ul>If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

About the RoleThe Actuarial Science Intern must be able to provide support to our team and be interested in the reinsurance market, especially in the Life and Health department. As an Actuarial Science Intern, reporting to the L&amp;H Client Managers, you will support technical and actuarial aspects of the relationship with clients in our Iberian market.Together with our team you will:<ul><li>Support the maintenance of our pricing/costing basis.</li><li>Support build and develop models and tools to assist with costing processes.</li><li>Assist the pricing process, modelling new products and scenarios and helping prepare auditable documentation.</li><li>Support other actuarial related tasks within the team.</li></ul>About You<ul><li>Team player, with a high level of integrity.</li><li>Analytical and results-oriented working style.</li><li>Good collaboration and communication skills.</li><li>Mature and proactive; showing a high degree of own initiative.</li><li>Have a clear interest in, and understanding of, the re/insurance market (in particular Life and Health).</li></ul>Essentials:<ul><li>To be enrolled on a field related undergrad or master's degree – that allows you to apply for a part/full time internship (signed agreement with University / Business School).</li><li>High proficiency with common IT applications, especially MS Excel.</li><li>Spanish speaker with excellent level of business English as all our communications are in English.</li></ul>If you are a committed, organized, and positive standout colleague who enjoys working in a fast-paced environment with several deadlines and commitments, we will be happy to get to know you.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

This cross-functional expert position will interact with the individuals within the Continental Europe &amp; LATAM Business Performance teams as well as with the Finance and Markets teams and will be the integration bridge between all these teams to ensure coordination and seamless communication.The context of the market and the Forward 2026 strategic plan requires a good track of new business opportunities, some of them quite different from the traditional core nature of our portfolio as well as an excellent business in-force management.The follow up and monitoring of those is critical. To make a state-of-the-art local BA&amp;TA is key to assure that Forward 2026 strategic plan is met.Effective cross-functional coordination is essential for seamless collaboration among the different teams within the organization (closing, FP&amp;A, reserving…) to avoid duplication of effort and to ensure that all team members are working towards a common goal.ResponsibilitiesReporting to the Head of Business Performance Continental Europe &amp; LATAM, your responsibilities will be cross-functional:Closing coordination &amp; integration<ul><li>Support markets in their closing reviews and analysis by liaising with the Closing and Reserving teams to ensure adequate coordination.</li><li>Research and convey to the Finance team technical accounting issues, deviations that are identified during the closing reviews performed by Continental Europe &amp; LATAM teams.</li><li>Actively participate to the definition of the various activities to be performed to ensure the accuracy of the Continental Europe &amp; LATAM teams figures.</li><li>Create financial analysis / reports to validate actual earnings. Perform analysis to identify main drivers of variances to prior periods and to expected results.</li></ul>Plan coordination &amp; integration<ul><li>On a quarterly basis, produce figures summary with appropriate commentary on the key sources of deviation against plan for each market to support the EMEA FP&amp;A team.</li><li>Coordinate with Continental Europe &amp; LATAM and EMEA FP&amp;A teams the information needed to ensure accurate and timely delivery of the business plan figures.</li></ul>Business follow-up<ul><li>Facilitate analytical review of operational processing and output focusing on fluctuations in financial activity and operating standards.</li><li>Identify and research issues, draw conclusions, make recommendations, communicate, and summarize issues of significance.</li><li>Analyse and check technical provisions using the tools provided, share, and communicate with EMEA reserving team to ensure the plausibility (if needed).</li><li>Manage and resolve complex financial business issues and problems through research and interaction with internal departments.</li><li>Participate in ongoing process improvement efforts, identify opportunities to increase operational efficiency.</li></ul>Reporting stream<ul><li>Produce ad hoc analysis and reporting on defined perimeter for business follow-up &amp; performance. Consolidation of data and reports.</li><li>Develop a toolkit to easily produce any required split of various financials from these markets.</li></ul>Retrocession stream<ul><li>Ensure the management and accounting of specific external retrocession.</li></ul>IFRS17<ul><li>IFRS17 – Translation and explanation of the impacts of the projection modifications.</li><li>Quarterly follow-up of the IFRS17 KPI’s.</li></ul>Auditors<ul><li>Help defining the control framework for audit purposes and serves as liaison for internal and external audits requests for these markets.</li><li>Assists with internal and external audit requests as needed in a timely manner.</li></ul>Other duties<ul><li>Support the Head of Business Performance WELA with the timely communication on regular BAU activities (including ad-hoc business analysis), transformation activities as well as in the development of remaining IFRS17 solution.</li><li>Support transversal projects across the teams</li><li>Participate to ad hoc projects or workstreams as needed.</li></ul>QualificationsExperience and competencies<ul><li>From 3 to 5 years' experience in reinsurance (ideally insurance)</li><li>Strong accounting analysis and financial systems skills</li><li>Ability to identify, quantify and analyse problems, be able to relate them to the big picture: draw conclusions, recommend, and implement viable, measurables solutions.</li><li>Ability to handle priorities / projects concurrently.</li><li>Proficient PC skills in a Windows environment, including Excel, Access, Word &amp; Power Point</li><li>Have an extensive knowledge in Microsoft Office, Power BI and Business Object or SAP Web Intelligence.</li></ul>Personal competencies:<ul><li>Committed to meeting deadlines and delivering accurate results.</li><li>Attention to detail.</li><li>Excellent verbal and written communication skills; proven success communicating effectively at all levels of the organization.</li><li>Team spirit: be willing to work with other people</li><li>To be responsible, helpful, methodical, and multi-purposed.</li></ul>Required Education<ul><li>Actuarial degree</li><li>IFRS17 deep knowledge</li><li>Specialisation in data analysis would be appreciated.</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

The Actuarial Function Holder (AFH) has a pivotal role within an insurance company. The Actuarial Function at Allianz Seguros must ensure the set-up of an appropriate control framework in line with the Allianz Integrated Risk and Control System for the validation of the key work products used for disclosure purposes and an appropriate control framework for other external and regulatory reporting. The AFH plays a critical role in reserving oversight, coordination of the calculation of technical reserves, pricing and profitability oversight for Life/Health & non-Life portfolios.What you do<ul><li>Reserving Oversight: Provide leadership and direction for the reserving function, ensuring the integrity and reliability of reserve estimates for insurance liabilities. Develop and implement robust reserving methodologies, assumptions, and controls in accordance with regulatory requirements and best practices.</li><li>Opinion on Underwriting, Pricing and Product Development: The Actuarial Function forms an opinion about the adequacy and appropriateness of the pricing and underwriting policy.</li><li>Opinion on the Reinsurance Policy and Program: The Actuarial Function forms an opinion about the compatibility of the reinsurance process with the risk profile of the company, the adequacy and effectiveness under stress of the reinsurance program.</li><li>Contribution to Risk Management: The Actuarial Function is contributing to the design, methodology, parameter and assumptions of models used to determine the technical insurance risks component.</li><li>Actuarial Function Report (AFR): The Actuarial Function is obliged to provide a report on an annual basis, the Actuarial Function Report (‘AFR’). AFR addresses explicitly potential shortcomings that may have been identified in the relevant topics, including data quality and internal processes, and gives recommendations to solve them.</li></ul>What you bring<ul><li>Qualified Actuary with significant experience in reserving/pricing roles within the insurance or reinsurance industry, preferably at a senior level.</li><li>Extensive knowledge of actuarial principles, reserving/pricing techniques, and regulatory requirements applicable to insurance liabilities.</li><li>Strong leadership and communication skills, with the ability to effectively engage and influence stakeholders at all levels of the organization.</li><li>Proven ability to lead and develop high-performing teams, foster collaboration, and drive results in a dynamic and fast-paced environment.</li><li>Advanced proficiency in actuarial modeling, statistical analysis, and data manipulation using software tools such as Excel, SAS, R, or Python.</li><li>Strategic thinking and problem-solving abilities, with a focus on delivering innovative solutions to complex reserving challenges.</li><li>Commitment to professionalism, integrity, and ethical conduct in all aspects of actuarial work.</li></ul>The Actuarial Function Holder plays a critical role in ensuring the accuracy, adequacy, and compliance of reserve estimation processes, while providing strategic leadership and guidance to support the organization's financial stability and risk management objectives. The Actuarial Function Holder at Allianz Seguros will be reporting to the Chief Actuary of the company.

Are you an Actuarial Analyst interested in programming languages and Data Science? Are you ready to contribute in one of the most fast-growing digital insurance platform in the market? If yes - then we have an outstanding opportunity for YOU!
About the RoleBe ready to join our engineering team and work side by side with software engineers and business colleagues to transfer insurance solutions into the digital world for our focus markets Germany, Netherlands, Switzerland and UK.Your key responsibilities:<ul><li>Analyse calculation requirements for life&amp;health products</li><li>Transform product specifications into digital product models</li><li>Configure, test, and document new life&amp;health digital insurance product models</li><li>Work side-by-side with engineers, architects, project leaders, and management to resolve problems and suggest alternatives</li></ul>About the TeamOur tech team works with the latest enterprise technology and tools, pushing the boundaries with every new project. We’re the software engineering engine behind a fast-growing risk-tech start-up that helps millions of end users access affordable and easy to buy life insurance.You will join the team that is responsible for the policy management and quote calculation for digital insurance policy. It is an international team distributed between Netherlands, Spain, and Slovakia. The team member are friendly, high-skilled professionals with a strong team-player culture.About youYou are an actuary with strong coding skill or a deep passion to learn programming and you want to explore the world of insurance digitalization. As member of a team with a tight-knit collaboration culture, you are a team-player professional and a confident communicator who can engage with colleagues in person, in writing and online meetings.Also, you have..<ul><li>Relevant education as an actuary with added knowledge about life and pension, or similar</li><li>Good understanding of Life and Health products</li><li>A passion for understanding complex requirements and finding simple solutions</li><li>A genuine interest in coding to be able to learn and effectively use tools and software development techniques as practiced, acquired, or adopted within the team</li><li>Willingness to work in a team. Our joint success is what counts</li><li>Enthusiasm for driving improvement by finding and implementing solutions to new challenges</li></ul>Nice to have<ul><li>Previous experience in coding in Java or any other application development language</li></ul>What we offerWe're a scale-up embedded within an organization known for its high-caliber talent and excellent benefits. So, you get the best of both worlds - a fast paced, bold environment with a genuine work-life balance and more. You’ll contribute to complex, ambitious projects across Europe.Our colleagues are from all over the world - in total there are over 20 nationalities! We offer a competitive salary and excellent secondary benefits such as flexible working hours, a performance-based bonus, company stock options and much more.We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.Join us on our mission to transform insurance and deepen your skills!About iptiQAt iptiQ, we partner with established brands around the world to create impactful digital insurance solutions. We make it easier for consumers to buy the insurance they need from the brands they trust. We provide life and non-life insurance through our end-to-end digital platform and build multi-channel customer experiences.What we offer our employees is outstanding. Hybrid working in offices across the world, phenomenal learning &amp; career opportunities and a culture that encourages new perspectives to challenge conventions and come up with innovative solutions. We believe in the power of inclusion. Drawing on our employees' broad range of perspectives, life experiences and backgrounds stimulates creativity and gives us a competitive edge. iptiQ embraces a workplace where everyone has equal opportunities to thrive regardless of their age, gender, gender identity and/or expression, sexual orientation, race, ethnicity, religion, physical or mental ability, or other characteristic and can be their authentic self. Ignite your curiosity to shape digital insurance.iptiQ is part of Swiss Re, one of the world’s leading providers of re/insurance and risk transfer solutions. This means we’re backed by Swiss Re’s capital strength and more than 150 years of risk knowledge. Through our partnerships, we contribute to Swiss Re’s vision to make the world more resilient.During the recruitment process, reasonable accommodations for special needs are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

The Pricing Actuary performs pricing and experience analysis for Iberia (Spain, Portugal, Andorra) and occasionally to Latin America markets.ResponsibilitiesThe Pricing Actuary is in charge of all activities as defined in the SGL Pricing Process (cf. ICS) which covers all subprocesses of a deal quotation from data collection inc. experience analysis, assumptions setting, model development and analysis, final quote setting to CART reporting.At Local layer the pricing activity is customer-focused, developing and delivering work to enhance SCOR’s ability to write profitable new business, and does usually include (a) client services like product development and experience analysis, and (b) often is extended by corporate actuarial, finance/reporting and business development tasks.Duties to fulfil this role include the following:Market pricing:<ul><li>Performing pricing activities providing timely, reliable and consistent quotes incl. risk assessment and process compliance</li><li>Develop local pricing models and benchmarks and adapt it according to the evolutions of global method assuring local consistency</li><li>Support business function on product development (pricing, risk &amp; profitability)</li><li>Provide support to business activities (client visits, presentations, solutions, technical seminar, training, ...)</li><li>Support of Valuation/ Reserving and Finance &amp; Planning functions.</li><li>Contribute to the innovative/strategic projects that will be carried on within the macromarket and/or the knowledge/ global pricing communities.</li></ul>Experience Analysis:<ul><li>Analyzing the clients’ experience within the quotation processes</li><li>Improve the actuarial assumptions for pricing purposes</li><li>Support projects for the development of data pools and client services based on experience analysis</li><li>Provide ongoing financial performance information to the Head of the Region and Macromarket Management, reflecting historic and planned future performance.</li></ul>Experience<ul><li>At least 5 years work experience in insurance/reinsurance with a focus on actuarial issues, and significant experience in pricing on the Iberia market. Experience on Latin America markets is a plus.</li><li>Experience with statistical and/or actuarial methods and tools (e.g., SAS, Prophet, Moses, …) but mostly Excel, VBA, Alteryx/Power BI/Tableau, Python/R-Project. It is highly valuable experience on data intelligence</li></ul>Personal competencies<ul><li>Very good language skills, fluent in Spanish and English. French and Portuguese knowledge would be appreciated</li><li>Work Standards: Setting high standards of performance for self and others; assuming responsibility and accountability for successfully completing assignments or tasks; self-imposing standards of excellence rather than having standards imposed.</li><li>Communication:Clearly conveying information and ideas through a variety of media to individuals or groups in a manner that engages the audience and helps them understand and retain the message.</li><li>Technical / Professional Knowledge: Having achieved a satisfactory level of technical and professional skill or knowledge in position-related areas; keeping up with current developments and trends in areas of expertise through the continuous learning</li><li>Able to work in a small team and support high peak periods, developing and usingcollaborative relationshipsto facilitate the accomplishment of work goals.</li><li>Adaptability:Maintaining effectiveness when experiencing major changes in work responsibilities or environment; adjusting effectively to work within new work structures, processes, requirements, or cultures.</li><li>Stress Tolerance: Maintaining stable performance under pressure or opposition (such as time pressure or job ambiguity); handling stress in a manner that is acceptable to others and to the organization with strong sense of priorities.</li></ul>Required education<ul><li>University degree in Actuarial Science</li><li>Qualification or equivalency from a recognized actuarial organization required</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

As an Actuarial Science Intern, reporting to the L&H Client Managers, you will support technical and actuarial aspects of the relationship with clients in our Iberian market.About you<ul><li>Have fluent English/Spanish</li><li>Enrolled on an undergrad or MSc actuarial program – that allows you to apply for a part/full time internship</li><li>Have a clear interest in, and understanding of, the re/insurance market (in particular Life and Health)</li><li>Be proficient in MS Excel</li><li>Possess strong verbal and written communication skills</li><li>Show integrity and team spirit</li></ul>About the Role<ul><li>Support the maintenance of our pricing/costing basis</li><li>Support build and develop models and tools to assist with costing processes</li><li>Assist the pricing process, modelling new products and scenarios and helping prepare auditable documentation</li><li>Support other actuarial related tasks within the team</li></ul>We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.Our final offer to you will be set up fairly, considering the skills and experience that you bring to the Swiss Re Group.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

About iptiQ

 

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Become a part of a growing and dynamic entrepreneurial team within the established Swiss Re Group. iptiQ is a start-up unit, established to provide innovative protection solutions directly to consumers. Our mission is to reduce the protection gap by simplifying life insurance and making it more accessible to people. We partner with leading brands across Europe to co-create specific insurance offerings for their customers. Our motto is "now life is easier for everyone"! For us this means making life insurance easier to sell, to buy and to trust.

 
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About the Role

 
Glad you’re interested! The iptiQ Life and Health Pricing team consists of 16 colleagues based across 6 locations in Europe. We have expansion plans and it’s a great time to join our growing team. As a (Senior) Pricing Actuary, based in Madrid and reporting to the Head of Pricing, you will lead technical and actuarial aspects of the relationship with distribution partners in Spain and Portugal. You will become responsible for the pricing, referral and final sign-off for existing and newly developed insurance products. You will prepare customer premium rates and ensure that the agreed rates offer great value for our customers and partners. 
 

It will also be your responsibility to prepare and maintain the pricing assumption basis for our Spanish business. You support the sales team in business performance steering and client management. Working with our tight-knit cross functional teams you will collaborate closely with various experts including Product Development, Underwriting, Claims, Finance, Operations, Valuation and Risk Management. 
 

You will be required to have in-depth knowledge of the Spanish protection market. Including awareness of the legal and regulatory framework. Additional expertise of the Portuguese protection market is an advantage. In addition, you will review and support pricing work performed by other pricing actuaries giving you opportunities to better understanding other markets across EMEA. 
 

Your main responsibilities will be to:

 
•    Deliver pricing, referral and final sign-off of Spanish and Portuguese protection products balancing commercial and customer value 
•    Contribute to product development and design with a strong focus on risk management 
•    Develop and maintain costing tools/models and pricing basis 
•    Specify and test products 
•    Monitor the existing portfolio 
•    Check customer literature and distribution contracts  
 

About You

 

We expect you to be:

 
•    A qualified Actuary with experience in Life &amp; Health pricing in the Spanish market including use of cashflow pricing models (level of experience will determine if the successful candidate is a Senior Pricing Actuary) 
•    Deeply knowledgeable about life insurance and know how to technically implement solutions and products 
•    Client centric with experience working with external clients/distributors 
•    Fluent in English and Spanish with excellent oral and written communication skills (other main European languages especially Portuguese are an advantage) 
•    Proficient in MS Excel 
•    A team player who is passionate about the success of the business 
•    Comfortable in a dynamic and fast-moving environment 
•    Able to present complex topics clearly to a variety of stakeholders 
•    Self-motivated with an ability to work under pressure 

 
You are:

 
•    Able to show integrity and consumer awareness 
•    Enthusiastic about working with international colleagues in a multi-cultural environment 
•    Comfortable balancing multiple projects and with re-prioritisation 
•    Collaborative, engaging and positive 
•    A fast learner able to grasp complex processes and projects 
•    Willing to actively engage in discussions and voice opinions 
•    Committed to quality and accuracy 
 

Programming experience in R and/or VBA is beneficial.  
 

This role is available full or part time. Flexible working is a key part of the iptiQ culture. 
 

We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your tasks. 
 

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process and to perform essential job functions. Please contact us to request accommodation. 
 
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Keywords:   
Reference Code: 112711 

 
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Life Actuary Jobs and Career Opportunities in the Life Sector