Santander Boadilla del Monte, Community of Madrid, Spain
Actuarial Analyst
Santander ( is evolving from a global, high-impact brand into a technology‑driven organization, and our people are at the heart of this journey. Together, we are driving a customer‑centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift – it’s a chance for driven professionals to grow, learn, and make a real difference. Our mission is to contribute to help more people and businesses prosper. A strong risk culture is embraced, and all professionals at all levels are expected to take a proactive and responsible approach toward risk management.
Responsibilities
* Assist in the calculation, consolidation, and review of technical provisions in line with Solvency II requirements, contributing to the validation of methodologies, assumptions, and actuarial models applied.
* Ensure quality, accuracy, and traceability of actuarial data and processes.
* Support the issuance of actuarial opinions on the underwriting and reinsurance programs.
* Analyze the consistency of technical provisions with Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR).
* Collaborate with the Risk and Capital teams to ensure alignment between technical provisions and capital requirements (SCR and MCR).
* Provide actuarial input to the Group ORSA process, including scenario analysis, stress testing, and projection of solvency positions.
* Contribute to the assessment of emerging risks and their potential impact on the group’s solvency position.
* Contribute to actuarial reports for regulatory authorities and internal governance bodies.
* Support data management projects within the department (KRI/KPI dashboards, data analytics, Artificial Intelligence projects, etc.).
* Collaborate on risk management initiatives (operational, market, credit, …).
What You’ll Bring Professional Experience
* At least 5 years of professional experience in actuarial, risk management, or audit within the insurance industry or consulting.
Education
* Bachelor’s or master’s degree in actuarial science, mathematics, statistics, economics, or related field.
Languages
* English – Required.
Hard Skills
* Strong knowledge of Solvency II framework (Pillars I, II, and III).
* Proficiency in actuarial modeling and statistical techniques.
* Experience with actuarial tools and programming languages (R, Python, SAS, Prophet, etc.).
* Strong data management skills (Microsoft Power BI, Google Data Analytics, SQL certifications, etc.).
Soft Skills
* Strong analytical and problem‑solving skills.
* High attention to detail and accuracy.
* Ability to communicate complex actuarial topics clearly to both technical and non‑technical stakeholders.
* Commitment to regulatory compliance and continuous improvement.
Benefits
* Global opportunities and broad career paths.
* Hybrid working model – flexible hours with remote and onsite options.
* Learning for life – access to hundreds of courses through Santander Open Academy.
* Competitive salary with performance‑based bonuses.
* Preferential banking terms, special interest rates on loans, and life insurance.
* Health and wellness programs (BeHealthy, holistic wellbeing).
* Childcare support and family‑friendly programmes.
* Employee assistance via Santander Contigo (legal, emotional, administrative advisory).
* Gym/WellHub membership, medical centers, 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.
What To Do Next
If this sounds like a role you are interested in, please apply.
Seniority Level
Mid‑Senior level
Employment Type
Full‑time
Job Function
Legal and Finance
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