Non-Life Reserving

- Perform actuarial analyses to assess the adequacy of Non-Life reserves.
- Support reserving reviews across multiple business units.
- Analyse reserve developments, trends, and assumptions.
- Contribute to reserve governance and oversight activities.

Actuarial Reporting and Analysis

- Support the production of actuarial reports and technical analyses.
- Evaluate payment patterns and reserve movements.
- Contribute to ad-hoc actuarial studies and business reviews.
- Assist in the assessment of reinsurance structures and reserving performance.

Automation and Technical Development

- Develop and maintain actuarial tools and diagnostics.
- Drive automation initiatives aimed at improving efficiency and consistency.
- Create analytical solutions using Python and/or R.
- Contribute to process improvements and actuarial innovation projects.

Data Analytics and Advanced Modelling

- Analyse large datasets to support actuarial decision-making.
- Perform data validation and reconciliation activities.
- Support data-driven initiatives and analytical projects.
- Contribute to the development of new actuarial methodologies and frameworks.

Stakeholder Management

- Collaborate with Reserving, Pricing and Model Validation teams.
- Work closely with international actuarial colleagues and business stakeholders.
- Translate complex technical findings into meaningful business insights.
- Support cross-functional projects involving actuarial, finance, data and risk functions.

Transformation and Modernisation Initiatives

- Participate in actuarial transformation programmes.
- Contribute to the enhancement of actuarial processes and controls.
- Support the adoption of new technologies and analytical approaches.
- Help build scalable actuarial solutions for a growing international business.

We are looking for an actuarial professional with experience in reserving, strong analytical capabilities, and a genuine interest in programming, automation, and innovation.

Essential Requirements





- Degree in Actuarial Science, Mathematics, Statistics, Financial Mathematics, or another quantitative discipline.
- Fluent English communication skills.
- Experience within insurance actuarial functions.
- Strong analytical and problem-solving abilities.
- Excellent communication and stakeholder management skills.
- Ability to work independently within an international environment.

Preferred Experience

- Around 4-5 years of actuarial experience.
- Non-Life Reserving experience.
- Actuarial reporting and reserve analysis experience.
- Exposure to modelling, automation, or transformation initiatives.

Technical Skills

- Strong programming skills in Python and/or R (highly preferred).
- Advanced Excel capabilities.
- Experience working with actuarial models and analytical tools.
- Data Science exposure would be considered a strong advantage.
- Knowledge of data analytics, automation tools, or cloud-based environments is beneficial.

Alternative Backgrounds ConsideredThe client remains open to considering:

- Life Reserving Actuaries with strong Python and/or R skills.
- Non-Life Pricing Actuaries with strong technical expertise.
- Candidates with modelling, analytics, or automation experience.
- Actuaries with a strong quantitative background and the ability to learn quickly.

Personal Qualities

- Curious and proactive mindset.
- Strong attention to detail.
- Collaborative and team-oriented approach.
- High level of accountability and ownership.
- Adaptability and willingness to embrace change.
- Passion for continuous improvement and innovation.

LanguagesRequired:

- Fluent English

Advantageous:

- French
- German




- Any additional European language

Our client is a leading international insurance company with a strong presence across Europe and a long-term strategy focused on innovation, transformation, and operational excellence.

As part of its continued investment in expanding international capabilities, the organisation has established a growing hub in Madrid that supports key business functions across multiple European markets. The hub plays an increasingly important role in delivering specialist actuarial, analytical, and technical expertise to international stakeholders.

This is an excellent opportunity to join a business that combines the stability of an established insurance group with the dynamic environment of a growing international centre of excellence. Employees benefit from exposure to strategic initiatives, collaboration with senior stakeholders, and opportunities to contribute to projects that influence decision-making at Group level.

The organisation promotes continuous learning, flexibility, collaboration, and professional growth within an international and multicultural environment.

- Permanent opportunity with a leading international insurance company.
- Salary up to €50,000 plus a 12% annual bonus.
- Hybrid working model and adaptable working hours.
- 26 days annual leave plus additional seasonal leave days.
- Pension plan with company contributions.
- Company-sponsored life insurance.
- Flexible benefits programme.
- Learning, training, and professional development opportunities.
- Exposure to international stakeholders and Group-level actuarial activities.
- Opportunity to work on automation, analytics, and transformation initiatives.
- Modern and collaborative working environment.
- Strong long-term career prospects within a growing international hub.
- Chance to combine actuarial expertise with data science, programming, and innovation in a role that goes beyond traditional reserving responsibilities.

📌 Non-Life Reserving Actuary (Madrid)
🏢 Empresa reconocida
📍 Madrid