Actuarial Specialist - Life Savings

Hybrid in Madrid·Full-time·Added yesterday

Allianz

171 open roles

What they offer

  • Full-time hours

    Per the ad.

  • Hybrid

    Office and home days — the ad has the split.

What they ask for

  • Have the right to work in Spain

    Allianz doesn't mention sponsorship in the ad.

  • Be near Madrid for hybrid days

    No relocation package mentioned.

You'll most likely need Spanish to apply.This job was automatically translated to English,.

The role

The person who joins will participate in the actuarial and financial analysis of the Life Savings portfolio, contributing to the correct valuation of obligations, the monitoring of product profitability, and strategic business decision-making.

What you'll do

  • Calculate and analyze technical reserves under Local GAAP regulations.
  • Review crediting processes and perform profitability analyses of current products.
  • Perform the monitoring, control, and reporting of the main KPIs of the Life Savings portfolio.
  • Participate in the integral management of Life Savings products, both individual and collective.
  • Prepare analyses and reports that support business decision-making.
  • Collaborate closely with multidisciplinary teams such as Finance, Product, Middle Office, and IT.
  • Contribute to continuous improvement, automation, and optimization initiatives of actuarial processes.

description

Would you like to drive the Life Savings business from an actuarial perspective?

At Allianz, we are looking for people with a solid technical foundation, analytical orientation, and business vision who want to contribute to the management and evolution of our Life Savings products. You will be part of a key team to guarantee the profitability, sustainability, and adequacy of our products, collaborating with different areas of the company in a dynamic and innovative environment.

[please translate into your local language]

106652 | Actuarial | Professional / Senior | Non-Executive | Allianz Spain | Full-time | Permanent

The Allianz Group is one of the world's most trusted insurance and asset management companies. Caring for our employees, their ambitions, dreams, and challenges is what makes us a unique employer.

We are united by a shared commitment: putting our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow, and shape a better future, for our customers and for the world around us.

At Allianz, we champion unity: we believe that a united world is a more prosperous world, and we are dedicated to constantly advocating equal opportunities for everyone. The foundation of this is our inclusive workplace, where people and performance matter, and where integrity, fairness, inclusion, and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability, or sexual orientation, or any other characteristic protected under applicable local laws and regulations.

We are delighted to have you on board. Let's care for tomorrow.

Requirements

What we're looking for

  • University degree in Actuarial Sciences or equivalent training.
  • Knowledge of Spanish and European legal regulations applicable to the insurance business.
  • High level of English.
  • Knowledge of programming and data analysis with R and/or Python.
  • Advanced mastery of Excel and PowerPoint.
  • Analytical skills and attention to detail.
  • Communication, synthesis, and information presentation skills.
  • Ability to work collaboratively in multidisciplinary teams.

Nice to have

  • Previous experience in Life Savings actuarial areas.
  • Knowledge of Solvency II, IFRS 17, or regulatory frameworks of the insurance sector.
  • Experience in process automation and advanced data processing.
  • Knowledge of visualization and reporting tools.

Pay & benefits

What you'll get

  • Hybrid work model and flexible hours.
  • Ongoing training and professional development opportunities.
  • Access to innovative tools and collaborative work environments.
  • Exclusive discounts on Allianz products for employees.
  • Allianz share purchase program under preferential conditions.
  • Wellhub to boost your physical and emotional well-being.
  • Free fruit and snacks in the office.
  • Possibility to work from abroad for up to 25 days a year.

How they hire

1 interview

  • Recruiters usually contact you within two weeks of applying.
  • Interviews assess professional skills, potential and soft skills for culture fit.
  • Recruiter contact within two weeks of applying.

About Allianz

Allianz is a global financial services giant and one of the world's largest insurers, offering a wide range of insurance and asset management products to individuals and businesses. With over 150,000 employees and operations in more than 70 countries, Allianz is a category-defining leader in the insurance industry, known for its strong brand and financial stability.

In Spain, Allianz operates through several entities, including Allianz Seguros, Allianz Direct, and a joint venture with BBVA, with offices in Madrid and Barcelona. The company is a major employer in the Spanish insurance market, offering roles in areas such as underwriting, claims, IT, data, AI, and cybersecurity. For international professionals, Allianz Spain provides opportunities to work in a multicultural environment, with many roles requiring English or German, and offers competitive benefits and career development programs.

Industry
Insurance
Founded
1890
Employees
100,000+
Headquarters
Munich, Germany
In Spain
Madrid, Barcelona

Good to know if you are moving

  • Allianz Spain has offices in Madrid and Barcelona, with a significant IT and digital hub in Barcelona.
  • Many roles in Spain require German or English, making it accessible for international professionals.
  • Allianz is known for its strong focus on digital transformation, with many opportunities in AI, cloud, and cybersecurity.
  • The company offers competitive relocation support and international career mobility within the Allianz group.
  • Allianz has a joint venture with BBVA in Spain, creating a unique bancassurance environment.

In their own words

About the company & team

The Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams, and challenges is what makes us a unique employer.

Together we build an environment where all people can develop, grow, and contribute to creating a better future for our customers and for society.

Additional information

Even so, we would love to meet you.

Research shows that some people, especially women and professionals from underrepresented groups, hesitate to apply if they do not meet 100% of the requirements. At Allianz, we hire based on potential and capacity for development, not solely on previous experience.

If this opportunity motivates you and you consider that you fit most of what we are looking for, we encourage you to apply.

We are committed to building diverse and inclusive teams that reflect the society we serve. We welcome all applications regardless of gender, age, origin, disability, sexual orientation, gender identity, or any other characteristic protected by current legislation.

All open roles at Allianz
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