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Santander

Global retail and commercial banking group

Product Development Actuary - Life & Savings

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-timeMadrid, SpainNo salary listed

About the Job

Requirements

  • More than 10 years of professional experience in the life insurance sector, primarily savings life insurance.
  • Education in Actuarial and Financial Sciences.
  • English language proficiency.
  • Practical experience in savings life insurance, including technical features, pricing, profitability analysis, and financial knowledge.
  • Knowledge of insurance-specific and applicable insurance-business regulations, including IDD, PRIIPs, and RIS, and insurance taxation.
  • Python, SQL, and Excel skills.
  • Experience with Power BI and other data analysis and automation tools.
  • Analytical and critical thinking, communication, synthesis, problem-solving, teamwork, assertiveness, and adaptability.

Responsibilities

  • Design, develop, implement, and maintain new and existing insurance products; perform technical, actuarial, and profitability analyses; prepare and maintain product documentation; define technology requirements; and coordinate product launches and the implementation of modifications, new features, and regulatory changes.
  • Participate in digital transformation projects to improve customer experience; define functional requirements to automate and digitize processes across the product lifecycle; and collaborate on simplification initiatives.
  • Analyze and monitor products to ensure compliance with applicable regulations; conduct technical reviews and product-governance processes; analyze key business indicators, including claims, lapses, rejections, and value for money; and propose and implement necessary measures.

About the Company

Santander

Global retail and commercial banking group

Santander is a global bank focusing on retail and commercial banking in Europe and the Americas, serving individuals and SMEs with regional franchises and a broad consumer finance arm, plus a Corporate & Investment Banking division for multinational clients. It uses its Gravity cloud platform to migrate core banking and rapidly deploy digital services such as Openbank across markets, combining fintech-style agility with a bank's balance sheet. The bank differentiates itself by marrying a large retail footprint with global CIB capabilities under the One Santander verticals model to boost efficiency and cross-border revenue. Its goals include improving returns on tangible equity and financing the green economy through sustainable finance and renewable energy projects.

Company size
10,001+
Company stage
IPO
Headquarters
Boadilla del Monte, Spain
Founded
1902

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