Senior Actuarial Modeler – Non-Life Insurance

Location-Madrid, Spain

About The Role

• We are seeking an Actuarial Pricing Analyst to support the design and pricing of Non-Life insurance products. In this role, you will develop predictive pricing models, optimize premiums, analyze portfolio performance, and contribute to actuarial valuations, profitability studies, and market analysis.

Key Responsibilities

• Develop pricing, retention, and portfolio optimization models.
• Perform actuarial pricing using Generalized Linear Models (GLMs).
• Prepare profit testing and technical pricing analyses.
• Monitor portfolio renewals and evaluate sales campaigns.
• Calculate and analyze technical provisions and Solvency II requirements.
• Prepare reserve budgets, market research, and statistical reports.
• Analyze product profitability and business performance.

Requirements

• Bachelor's degree in Actuarial Science, Financial Sciences, Mathematics, Statistics, or a related field.
• Experience in Non-Life insurance pricing and actuarial modeling.
• Strong knowledge of GLMs and pricing tools such as Emblem, Radar, Radar Optimizer, Akur8, and Mgate.
• Familiarity with SAS and Solvency II regulations is an advantage.
• Experience developing predictive pricing models is preferred.
• Knowledge of Home and Property insurance products is a plus.
• English proficiency (B2 level or higher).
• Strong analytical, problem-solving, communication, and teamwork skills.