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Head of Actuarial Function - Continental Europe

On-site in Madrid·Added 14 days ago (last checked 26 Oct)

Agency
Michael Page España

2336 open roles

Our summary

Work mode
On-site, Madrid
Contract
Permanent
English
Required
Experience
10+ years
Education
University degree
Benefits
Life insurance

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Skills

Nice to have

Requirements

What we're looking for

Combined strong actuarial credentials with commercial leadership capability, acting as the principal actuarial representative for Continental Europe while partnering closely with London to enhance reserving oversight, portfolio performance, pricing discipline and business planning across the region.Education & Professional Qualifications;

Fellow of a recognised actuarial body (FIA, DAV, IAA or equivalent).

University degree in Actuarial Science, Mathematics, Statistics, Economics or a related quantitative discipline.

Additional qualifications in insurance, risk management or finance would be advantageous.Professional Experience

10-15+ years of non-life insurance actuarial experience, with a focus on large commercial lines.

Strong reserving expertise, including governance, IBNR methodologies and reserve review processes.

Practical experience in pricing, portfolio management and performance analytics.

Experience supporting business planning, forecasting and profitability assessments.

Sound understanding of Solvency II and European regulatory requirements.

Experience operating within a multinational insurance environment and supporting multiple jurisdictions.Commercial & Leadership Competencies

The successful candidate will be more than a technical actuarial specialist. They will be a trusted business partner capable of translating actuarial insight into commercial decision-making.

Key competencies include Ability to present complex findings to Boards, Executive Committees and senior stakeholders.

Confidence to challenge underwriting, claims and finance assumptions constructively.

Strong commercial acumen and strategic thinking.

Ability to communicate technical concepts in clear business language.

Influencing and stakeholder management skills across multiple functions and geographies.

Strong decision-making and problem-solving capability.

Ability to operate effectively without direct authority over all stakeholders.Cross-Cutting Requirements

Language: English mandatory (C1 level preferred). Spanish desirable. Additional European languages would be advantageous.

Personal Attributes: High level of ownership and accountability, intellectual curiosity, service orientation, strong process discipline and attention to detail.

Working Style: Collaborative, pragmatic and resilient, with the ability to manage competing priorities and deliver under demanding deadlines.

Interpersonal Skills: Comfortable challenging constructively while maintaining strong stakeholder relationships across underwriting, claims, finance and leadership teams.

Pay & benefits

What you'll get

International project with great opportunities for professional development and growth.

The role

Join a leading multinational insurance company as Head of Actuarial Europe, taking responsibility for actuarial leadership across Continental Europe and partnering closely with underwriting, finance and regional leadership teams to drive reserving, pricing, capital management, business planning and portfolio performance.

  • International project with great opportunities for professional development
  • leading multinational insurance company

What you'll do

A leading multinational insurance company requires oversight of reserving, pricing, planning, capital management, performance analytics, underwriting support and regulatory responsibilities across multiple branches and jurisdictions. London provides specialist support, while primary accountability for Europe sits within the European region itself. This role is responsible for establishing and developing the company's local actuarial capability, working in close partnership with underwriting offices across Europe and the London actuarial team to deliver insights and support commercial objectives.

Responsibilities at a regional and country branch level include:

  • Financial results - detailed understanding of the P&L particularly loss ratio, within quarterly budget vs forecast vs actuals.
  • Reserving assumptions & methods, results and AvE, presenting to reserving committee.
  • Contribute to production of plan loss ratios, including the actuarial opinion on the plan.
  • Pricing tools - work with European underwriters and London actuaries to improve the pricing tools in particular to reflect local premium rating factors / country modifiers / business written.
  • Pricing metrics - work with European underwriters and European operations and London actuaries to report on and continually improve premium rate change and price adequacy MI.
  • Contribute to capital modelling and management through close collaboration with the finance function and London capital modelling team.

Hiring process

2 steps2 interviews
  1. CV registration

  2. Consultant contact

    With a specialist Michael Page consultant

    If they see that your experience and motivations fit the values and needs of a hiring company, they will contact you to start the selection process: they will learn about your expectations, answer your questions and help you prepare for each stage of the process.

  3. Company interview

    With a client company

    If your application progresses, we will help you prepare for the interview with useful information about the company, its culture and what it looks for in a profile like yours.

  4. Final stage and negotiation · With a client company

  • The final stages are set by the client company: Michael Page acts as an intermediary, and the interview and decision rest with the hiring company.
  • Support continues after the contract is signed.
  • Michael Page cannot support every candidate; registering and keeping your profile up to date opens the door to future processes.

About Michael Page España

Michael Page is a global recruitment consultancy and part of PageGroup, one of the world's leading professional recruitment firms. The company specializes in placing mid-to-senior level professionals across a wide range of sectors, including technology, engineering, finance, sales, and human resources. With a strong presence in Spain, Michael Page operates offices in major cities and offers services such as executive search, temporary staffing, and outsourcing solutions.

Industry
Staffing

In their own words

About the company & team

Leading multinational insurance company

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