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Life Actuary
On-site in Madrid·Added 4 months ago
This job was published 4 months ago
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 2+ years of experience
Mid-level role.
Master's degree
“Formación académica requerida: Titulación de grado universitario y máster en ciencias actuariales.” — per the ad.
This job was automatically translated to English.
Requirements
Education & certifications
- Required academic training: University degree and master's degree in actuarial sciences.
Languages
- Complementary training: English. Having a C1 level will be positively valued
The role
Reporting to the Head of Area, the selected candidate will be part of a young and dynamic team, whose main tasks focus on the technical-actuarial management of the Funeral and Life Lines, both in pricing and in the regulatory management of the portfolio. Tasks include the management of technical provisions in accordance with regulations (both accounting and Solvency II), technical product design, Profit Testing of products and their monitoring, analysis of technical accounts, reporting of technical reports, preparation and monitoring of budgets, and market product studies, always in accordance with regulations and the organization's quality criteria. They will also provide support to the Actuarial Function for the different Risk Committees and account closings, and provide technical support to the study department when required.
What you'll do
- Portfolio management: Calculation and analysis of accounting and SII provisions
- Collaborate in the Design, Development, and Monitoring of new products according to the distribution channel.
- Preparation of technical bases.
- Actuarial parameterization and formulation in the company's systems for new products or modifications thereof.
- Collaborate in the derivation of projection hypotheses.
- Preparation of Profit testing for products and portfolios.
- Valuation of commercial campaigns, Portfolios, and group policies.
- Analysis of the quality of Reinsurance contracts.
- Preparation and analysis of comparative statistics.
- Development and implementation of IFRS17 regulations for the Life and Funeral business.
- Completion of DEC, QRT's DGS, and EIOPA.
PROFILE
- Required or desirable experience: minimum of 2 years of experience in Life and/or Funeral Companies. Previous experience in the fields of Audit, Consulting, and Reinsurance will be valued, as well as having experience in the implementation of IFRS17 regulations for Life and/or funeral portfolios. Knowledge of financial products and markets will also be positively valued.
- Additional knowledge: Familiar with Solvency II, ROSSEAR, and IFRS17 regulations.
- Knowledge of IT tools: familiarity with technological solutions, such as Prophet (at least at user level), Cactus, SAS, Python.... is valued.
- Competencies:
- High capacity for analysis and for reporting, both written and oral.
- Proactivity.
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.
Location
OCASO · Madrid
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