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Technical Pricing Actuary (Individual Life)

Hybrid in Madrid·Added 3 months ago (last checked 15 Oct)

Agency
Michael Page España

1655 open roles

Overview

Work mode
Hybrid, Madrid
Contract
Permanent contract
English
Required
Education
University degree
Benefits
Life insurance, flexible pay plan

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Skills

Pay & benefits

What you'll get

  • 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.

The role

What you'll do

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.

Resumen

An international insurance company is seeking a Technical Pricing Actuary to support the transformation of its Individual Life business through tariff migration, actuarial validation, and system modernization initiatives. Based in Madrid, you will work closely with international stakeholders and play a key role in the implementation of a new policy administration platform serving European markets.

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

¿A quién buscamos (H/M/D)?

We are looking for an actuary with experience within the insurance sector and a strong interest in transformation, system implementation, and actuarial modelling projects.

Essential Requirements

  • 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.
  • 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.
  • Strong Excel skills.
  • 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.

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

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.

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