Technical Pricing Actuary - Life (Madrid)

Helvetia Baloise Group; Madrid; Hybrid; EUR 70,000 - 95,000; Full time

Benefits offered by this job

Hybrid work model

26 days annual leave

Pension plan

Life insurance

Learning & development

International projects

Job summary

Helvetia Baloise is expanding its Madrid hub to support European transformation programmes in life pricing. We seek an actuary with a focus on Individual Life pricing, capable of handling pricing models, migrations, and system transformations while collaborating with Swiss-based stakeholders.

You will join a growing team in Madrid, operating in a hybrid work model, with opportunities to participate in large-scale European projects and professional development within a multinational environment.

Qualifications

• Degree in Actuarial Science, Mathematics, Statistics, or another quantitative discipline.
• Fluent English communication skills. Knowledge of German is a strong advantage.
• Strong analytical and problem-solving skills.
• Ability to work independently while managing multiple stakeholders.

Responsibilities

• Actuary with strong experience in Individual Life Pricing within the insurance industry.
• Contribute to transformation initiatives, system implementations, and actuarial modelling projects.
• Collaborate with cross-functional teams and international stakeholders to drive pricing excellence.

Skills

Analytical skills

Problem-solving

Stakeholder management

Independent work

Education

Actuarial Science

Tools

Python

R

SQL

Job description

Helvetia Baloise is the largest multi-line insurer in Switzerland and one of the leading insurance groups in Europe. Every day, more than 22,000 employees are committed to supporting around 13 million customers with insurance, pension and financial solutions – from private individuals and SMEs to international customer groups such as speciality and reinsurance.

Built from a strategic vision - Madrid Hub

Our journey started in 2023, when Helvetia Group Asset Management launched the vision of creating a nearshore team in Madrid. The ambition was clear: to build strong capabilities close to the business, combining specialist expertise, efficiency and international collaboration.

Active Reinsurance joined shortly after, turning this first step into the foundation of a broader Hub with long-term potential.

Opportunity: Technical Pricing Actuary - Life (Madrid)

About the Team

You will join a growing team of seven professionals, working closely with the Hiring Manager and collaborating with colleagues based in Switzerland. The team supports the Swiss business and plays a key role in driving actuarial excellence and transformation initiatives.

About the Role

We are looking for an actuary with strong experience in Individual Life Pricing within the insurance industry, coupled with a keen interest in transformation initiatives, system implementations, and actuarial modelling projects.

• Degree in Actuarial Science, Mathematics, Statistics, or another quantitative discipline.
• Professional experience within insurance actuarial functions.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and quality focus.
• Fluent English communication skills. Knowledge of German is a strong advantage.
• Ability to work independently while managing multiple stakeholders.

Preferred Experience:

• Individual Life pricing experience.
• Knowledge of tariffs, actuarial calculations, and product structures.
• Experience with system migrations, portfolio migrations, or transformation programmes.
• Exposure to actuarial model implementation or validation activities.
• Experience working within cross-functional environments involving business and technology teams.

Technical Skills:

• Experience with one or more of the following: Python, R, SQL.
• Understanding of actuarial models, calculation engines, or data warehouse environments.

Personal Attributes:

• Proactive and self-motivated.
• Strong sense of ownership and accountability.
• Adaptable and comfortable working within evolving environments.
• Effective communicator with excellent stakeholder management capabilities.
• Collaborative mindset and international outlook.

Experience from Life Insurance is preferred, although candidates with strong actuarial, migration, transformation, or modelling experience from other insurance environments will also be considered.

Compensation package:

• Permanent employment with a leading international insurance company.
• 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.
• 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.

Collaboration That Makes a Difference:

We believe in collaboration as equals, mutual trust, and people who are willing to take ownership. Diverse perspectives help us develop better solutions, both for our customers and for ourselves as a team.