Insurance Actuary, Leasing Business - SCF HQ
Country: Spain
SCF HQ is looking for a Insurance Actuary, based in our Boadilla del Monte office.
Why you should consider this opportunity
Santander Consumer Finance focuses on consumer finance and is committed to equal opportunities regardless of gender identity, culture, and disability. Our mission is to help more people and businesses prosper.
Your role
As an Insurance Actuary, you will be responsible for designing, pricing, reserving, and controlling insurance services connected to our Mobility Business, especially for Operative Leasing, ensuring added value for customers and attractive offerings for SCF as a full‑services provider.
* Design, define and price new services/products (jointly with PRODUCT Insurance Manager, involving Credit/Leasing Area).
* Creation of risk premium models (own damage self‑insurance), analytical model analysis, investigation on external data (claims, frequency, indemnities) and new methodologies.
* Set up of pricing engine, implementing / maintaining the new tariffs on it.
* Technical provisions / found management: calculation & validation, oversighting the function of the country.
* Monitoring and reporting of main KPIs, proposing actuarial recommendation, based on professional judgment and experience; for Third Party Liability and Own Damages risks, for owned car fleets (circulating in various geographies).
* Profitability control, challenging units to (i) minimize prices and (ii) maximize profitability (control of the “margins”).
Experience
* At least 7 years’ experience in insurance company / broker / renting company / fleet owners, with solid knowledge of pricing, actuarial risks, in national and possibly international environments.
* Pricing in non‑life, with focus in Auto / Motor.
* Experience in self‑insurance (internalization of risk) models.
* Product development in different distribution channels, with focus in Auto / Mobility.
Education
* Academics: business administration, actuarial, mathematics, statistics, engineering.
* Advanced knowledge of the Office package, especially Excel and Power Point.
* SAS program and R and/or Python.
Skills & Knowledge
Technical knowledge
* Data analysis and development of models
* Analysis capability & communication skills to influence & promote changes on pricing, operations, new methodologies, etc.
* (As a plus) knowledge about leasing/renting business.
Functional Knowledge
* Customer / client orientation.
* Organization and analytical skills
* Self‑sufficiency
* Teamwork.
* Transversally: coordination with different areas
Languages
* English, Spanish
* Other languages “as a plus”.
Other Information
* Open to travel when necessary (occasionally).
* Supports projects and executes action plans into the group, provides internal and external analyses including summarise actions by business unit. Participate in efforts to develop new or non‑traditional ideas to improve effectiveness in own area of responsibility or the countries.
Idiomas
* Spanish
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