Technical Pricing Actuary (Individual Life)

Michael Page; Madrid; Presencial; EUR 40.000 - 50.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Hybrid working model

Pension plan

Life insurance discounts

Learning and training opportunities

Annual leave and flexible benefits

Descripción de la vacante

Michael Page is seeking a Technical Pricing Actuary for Individual Life to support a major transformation in Madrid. You will collaborate with pricing, data, and IT teams across Europe, validating actuarial calculations and tariff implementations while contributing to platform migration efforts.

The role offers exposure to high-profile projects, international stakeholders, and a hybrid working model. Experience in Individual Life pricing and actuarial testing is essential for success.

Formación

• Experience in Individual Life actuarial pricing and testing.
• Strong numerical and data analysis skills.
• Ability to validate tariff implementations and pricing models.

Responsabilidades

• Actuarial Testing and Validation for Individual Life products.
• Tariff Migration: review and validate pricing structures and migration.
• Calculation Engine Quality Assurance: verify business rules and models.
• Portfolio Migration Projects: data validation and reconciliation support.
• Transformation and Modernisation: collaborate with data and IT on platform changes.
• Stakeholder Collaboration: work with Pricing, Reserving, Product, Data, and IT teams.
• Data and Technical Activities: data extraction, reconciliation and reporting.

Conocimientos

Actuarial testing

Pricing analysis

Stakeholder communication

Descripción del empleo

Overview

Technical Pricing Actuary (Individual Life). Leading international insurance company

Our client is a leading international insurance company with a long-standing heritage and a strong presence across Europe. As part of a major business transformation programme, the organisation is investing heavily in the modernization of its actuarial capabilities, data landscape, and policy administration systems. To support these strategic initiatives, the company is expanding its international hub in Madrid, creating a centre of excellence that collaborates closely with business and technical teams across multiple European markets. This is an exciting opportunity to join a growing international environment where actuarial expertise, innovation, and technology come together to shape the future of the business. Employees benefit from exposure to high-profile transformation programmes, collaboration with senior international stakeholders, and the chance to make a visible impact on projects that are critical to the long-term success of the organisation. The environment offers a combination of technical challenge, professional growth, and international career exposure, making it an ideal opportunity for candidates seeking more than a traditional actuarial role.

Responsibilities

• Actuarial Testing and Validation
• Perform actuarial testing and validation activities for Individual Life products.
• Ensure the accuracy, consistency, and robustness of actuarial calculations.
• Conduct quality assurance reviews of actuarial outputs and calculation results.
• Validate tariff implementations and actuarial assumptions.

Tariff Migration

• Support the migration of Individual Life tariffs into a new policy administration platform.
• Review existing pricing structures and ensure accurate implementation.
• Validate calculation logic and migrated product features.

Calculation Engine Quality Assurance

• Perform quality assurance activities on actuarial calculation engines.
• Verify business rules, pricing methodologies, and actuarial models.
• Identify and resolve discrepancies during development and testing phases.

Portfolio Migration Projects

• Contribute to portfolio migration initiatives involving existing business.
• Participate in data validation, reconciliation, and control activities.
• Support the successful delivery of migration milestones and project objectives.

Transformation and Modernisation Programmes

• Support strategic actuarial transformation initiatives.
• Collaborate with Data and IT teams on platform implementation and modernisation projects.
• Participate in projects related to system transformation, process improvements, and data architecture enhancements.

Stakeholder Collaboration

• Work closely with Pricing Actuaries, Reserving Actuaries, Product Development, Data, Technology, and Business teams.
• Partner with international stakeholders to deliver high-quality solutions.
• Translate business requirements into practical actuarial and analytical outcomes.

Data and Technical Activities

• Perform data extraction, reconciliation, and reporting tasks.
• Develop analytical and automation solutions where appropriate.
• Support data quality and governance initiatives.

Benefits and Employment Details

• Permanent employment with a leading international insurance company.
• Salary of €40,000-€50,000 plus a 12% annual bonus.
• Opportunity to work on large-scale European transformation programmes.
• Direct collaboration with international stakeholders and business leaders.
• Exposure to strategic initiatives involving actuarial systems, pricing platforms, and portfolio migration projects.
• Hybrid working model with flexible working arrangements.
• 26 days of annual leave plus additional seasonal leave.
• Pension plan with company contribution.
• Company-sponsored life insurance and insurance discounts.
• Flexible benefits programme.
• Learning, training, and professional development opportunities.
• Modern international working environment with strong long-term growth prospects.
• Potential exposure to international projects and occasional travel within Europe.
• Opportunity to join a fast-growing international hub and contribute to the development of future actuarial capabilities across the organisation.