Boadilla del Monte, Community of Madrid, Spain
Job Overview
Santander ( is evolving from a global, high‑impact brand into a technology‑driven organization, placing people at the heart of our transformation. We are driving a customer‑centric change that values bold thinking, innovation, and the courage to challenge what’s possible. This role supports our mission to help people and businesses prosper while maintaining a strong risk culture across all levels.
Key Responsibilities
- Solvency II – participate in all three pillars: calculation of the Group Solvency Position (Pillar I), support on the ORSA report (Pillar II), and support on regulatory reports such as quarterly and annual QRTs, SFCR, and RSR (Pillar III).
- Financial–Actuarial Tasks – collaborate on accounting monitoring of the holding company, IFRS 17 processes, general financial management, actuarial issues, results analysis, annual budget monitoring, and cash‑flow projections.
- Regulatory and Supervisory Matters – monitor insurance sector regulations and assess their impact on the Group.
- Support Other Department Tasks – prepare presentations and documents, coordinate with affiliated entities, assist in internal and external audits.
What You’ll Bring
Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger together. The following requirements reflect the knowledge, skills, and abilities essential for success in this role.
Professional Experience
- 1 to 5 years in Solvency II, regulatory reporting for insurance companies, financial–actuarial departments within the insurance sector, or consulting in the insurance industry.
Education
- Bachelor’s degree in Business Administration, Finance, or Economics.
- Postgraduate degree in Actuarial and Financial Sciences.
Languages
- Fluent English.
Hard Skills
- Solid understanding of the Solvency II framework (regulatory requirements and reporting structure).
- Knowledge of the General Accounting Plan, Accounting Plan for Insurance Companies, and IFRS 17 framework.
- Advanced proficiency in Microsoft Office; experience with VBA, SAS, SQL, ORACLE and actuarial software (RAFM, PROPHET, RESQ, EMBLEM). Familiarity with solvency reporting tools such as DGSFP Capture Tool and XBRL is valued.
Benefits
- General opportunities and broad career paths.
- Hybrid working model with flexible hours.
- Access to hundreds of learning courses and the Santander Open Academy.
- Competitive salary with performance‑based bonuses.
- Preferential banking terms, special interest rates on loans, life insurance, and additional financial advantages.
- Well‑being program (BeHealthy) and holistic wellness support.
- Childcare support and family‑friendly programmes.
- Legal, emotional, and administrative advisory services through Santander Contigo.
- Gym/WellHub membership, medical centers at selected facilities, meal subsidy, parking, shuttle service, and exclusive discounts for Santander employees.
Local Compliance
Santander is proud to be an organization that offers equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.
Next Steps
If this sounds like a role you are interested in, please apply.
Seniority level
- Mid‑Senior level
Employment type
- Full‑time
Job function
- Business Development and Product Management
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