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IFRS17 Specialist (Actuarial Function)
Indeed
Full-time
Onsite
No experience limit
No degree limit
Puerta del Sol, 4, Centro, 28013 Madrid, Spain
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Description

Position Summary: IFRS17 Actuarial Analyst responsible for reviewing and ensuring the correct application of actuarial methodologies, participating in the actuarial function, and analyzing risk scenarios. Key Highlights: 1. Key role in the methodological review of the IFRS17 Balance 2. Interaction with various departments and regulators 3. Participation in the monitoring and validation of technical provisions MISSION Reporting to the Head of the Actuarial Function, the role will primarily be responsible for carrying out the necessary methodological review activities associated with the Balance under IFRS17\. JOB RESPONSIBILITIES Review calculations performed by the first line regarding technical provisions for the Balance under IFRS17 across Life, Death, and Non-Life lines of business. Specifically, review Fulfilment Cash Flows, CSM, Risk Adjustment, Investment Component, Loss Recognition Test, Level of Aggregation, LRC/LIC, etc., with the objective of identifying weaknesses and areas for improvement. Ensure the correct application of models and methodologies used for IFRS17/9\. Assess the adequacy of data quality used in calculating technical provisions under the IFRS17 framework and ensure traceability of actuarial processes. Interact with other departments such as Reserving, Modelling, Pricing, Risk Management, Finance, Investments, or external parties and regulators. Participate in the Actuarial Function’s responsibilities for monitoring and validating the methodology applied to technical provisions in other frameworks such as SI and SII, as well as reviewing the appropriateness of realistic assumptions. Analysis of sensitivity scenarios. Risk monitoring. Tasks related to underwriting and reinsurance policies. Review and assessment of premium adequacy. REQUIREMENTS **Desired Experience:** Minimum 5 years’ experience in the insurance sector within finance–actuarial functions or actuarial consulting. Relevant experience in deriving assumptions and explaining the reasonableness of movements in technical provisions. Extensive prior experience in valuation teams under Solvency II/IFRS17 regulations. Rigour, precision, and autonomy. **Required Knowledge:** Bachelor’s and/or University Degree in Actuarial and Financial Sciences or Statistics. Master’s Degree in Actuarial and Financial Sciences, Business Administration and Management, or Economics. Solid knowledge of statistics and database management. Experience with IFRS17 provisions and Solvency II (Life, Death, and Non-Life). Proficiency in Prophet, Excel, VBA, PowerPoint, and database handling (e.g., SAS Guide or similar tools). Familiarity with AKUR8\ is desirable. **Skills:** Analytical and synthesis skills. Rigour, precision, and autonomy. Ability to clearly communicate analytical and technical content to senior-level stakeholders. Proactivity. Teamwork capability. Results-oriented mindset. At SANTA LUCIA S.A., Cª SEGUROS, we work to guarantee real and effective equal opportunities, enabling us to promote professional development and workforce diversity, aligned with our commitment to UN Agenda 2030 Sustainable Development Goal 5 (Gender Equality). **Province:** Madrid **Company:** SANTALUCIA SEGUROS **Date:** 1 Apr 2026

Source:  indeed View original post
David Muñoz
Indeed · HR

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Indeed
David Muñoz
Indeed · HR
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