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Non-Life Actuary

On-site in Madrid·Added 12 days ago

OCASO

23 open roles

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Overview

Requirements

Have the right to work in Spain
OCASO doesn't mention sponsorship in the ad.
Work on-site in Madrid
No relocation package mentioned.
Have 3+ years of experience
Mid-level role.
University degree
“Titulación de grado/máster universitario relacionada con ciencias actuariales.” — per the ad.

This job was automatically translated to English.

The role

Reporting to the Head of Area, the main mission of the position will be to provide actuarial support for the technical design of non-life products through the modeling and development of tariffs, also participating in portfolio renewal and price optimization processes, as well as in the preparation of Profit Testing and competitive positioning studies (predictive models of competition for mass and non-mass lines) always in accordance with regulations and the organization's quality criteria.

What you'll do

New business pricing.
Optimization models and portfolio maintenance.
Preparation of technical bases.
Preparation of various actuarial and statistical valuations.
Preparation of product Profit testing.
Valuation of commercial campaigns.

Additional functions:

Calculation, management, and analysis of technical provisions and Solvency II for General Lines.
Preparation of Reserve Budgets.
Preparation of market studies.
Preparation and analysis of statistics.
Analysis of profit and loss accounts

PROFILE

Minimum required experience: Minimum of 3 years in a P&C actuarial department performing Pricing tasks (GLM models with specialized software). Previous experience in auditing and consulting will be valued.
Required academic training: University degree/master's related to actuarial sciences.
Complementary training: English. Preferably Advanced (C1 Level).
Knowledge of Emblem, Radar, SAS, and Mgate tools, as well as familiarity with Solvency II, ROSSEAR, and IFRS17 regulations, will be positively valued.

Competencies:

High analytical capacity
Proactivity
Teamwork

Other requirements: Being a person with high communication, interpersonal, and adaptation skills to new work environments will be positively valued.

About OCASO

OCASO is a Spanish insurance company headquartered in Madrid, offering a broad portfolio of insurance products including health, life, home, and auto coverage. With a strong focus on the domestic market, OCASO operates through a network of offices and intermediaries, serving both individuals and businesses across Spain.

For international professionals, OCASO provides opportunities primarily in sales, customer service, and operational roles within the Spanish insurance sector. The company's work culture is rooted in traditional Spanish business practices, and while Spanish language proficiency is typically essential, the company offers a stable and established environment for those looking to build a career in insurance in Spain.

Industry: Insurance
Employees: 1,000–5,000
Headquarters: Madrid, Spain
In Spain: Madrid
Website: ocaso.es

Good to know if you are moving

OCASO is headquartered in Madrid, Spain, and is a domestic insurance provider with a strong local presence.
The company primarily operates in the Spanish market, so fluency in Spanish is likely required for most roles.
International hires may find opportunities in sales, customer service, and operational positions, but the company is not known for a globally diverse workforce.
As a Spanish company, OCASO offers a traditional work environment, with a focus on local insurance regulations and practices.

All open roles at OCASO