Job Description

Zurich is one of the world’s leading insurance groups, and one of the few to operate on a global basis. Our mission is to help our customers understand and protect themselves from risk. With about 55,000 employees serving customers in more than 170 countries, we aspire to become the best global insurer as measured by our shareholders, customers and employees. We help individuals, small and medium sized companies and global corporations around the world understand and protect themselves from risk by offering a wide range of insurance products, solutions and advisory services.

“We are actually living a cultural and business transformation process and that is the reason why we need to hire people completely different. We are looking for some unique person, creative and exceptional who might want to be a part of this changes and assume new and completely different challenges”

The Risk Management team is seeking an actuary to assist in the centralization of the production of the Solvency II capital requirements. The project provides a good opportunity to design a process end-to-end, implement it and execute the process afterwards as business as usual. The objective of the project is to achieve a high degree of automation and functionality to make the process efficient while allowing the required flexibility in the analysis of inputs and results of the capital models.

We are looking for a motivated and committed individual with robust technical skills who is eager to learn about Solvency II. The role, although initially focused on the production of the capital requirements, offers the possibility to expand the role to other aspects of risk management.

Your main responsibilities will be: 

• Contribute to the calculation and reporting of Solvency II capital requirement for the Zurich Spain General Insurance Entities.
• Contribute to the preparation of risk assessments for all GI Entities in Spain.
• Assist in the preparation of internal and external reportings (Risk Committees, ORSA, SFCR, RSR and other reporting requirements)  

Business Accountabilities

Solvency II capital requirement

• Collect input data used in the calculation the Solvency II capital requirement and perform quality checks.
• Analyse changes in exposures between reporting periods.
• Upload input data into the Standard Formula calculation engine and run the models.
• Analyse the results and perform quality checks.
• Perform historical analyses of trends.
• Report the results to the different stakeholders.

• Collect input data from the company systems (Datawarehouse).
• Reconcile the input data against other sources of the company.
• Data analysis (e.g. Microstrategy, SAS Enterprise Guide, Excel).

Your Skills and Experience

As Actuary in Risk Analyst your skills and qualifications will ideally include:

• Fully qualified actuary

• 3 to 5 years actuarial experience in pricing, reserving or capital.
• Experience in Solvency II regulation.  

• Advanced level of Spanish and English. 

Software skills:

• Advanced knowledge of spreadsheet software (Excel).
• Basic knowledge of statistical tools (e.g. Microstrategy, SAS Enterprise Guide). 

Interpersonal skills:

• Self-motivation and drive.
• Professional, enthusiastic and positive attitude.
• Able to meet deadlines and work under pressure.
• Technical and analytical skills.
• Ability to seek out available resources and sources of information.
• Positive and flexible attitude.
• Ability to think creatively to solve problems.
• Customer focused.
• Constructive and supportive working style.

If you are an enthusiastic learner, a team builder, proactive, open-minder and target-driven, then we are looking for you!

Additional Information

Work location is in Barcelona and you will get the chance to develop your professional career with a great team and a very good work environment.

We are already on our way and we are changing the way we do insurance. In order to do so, we need people with talent, willing to learn and a lot of passion! Want to Join Us?

“ZURICH, 12 consecutive years being considered as top employer. For those who truly love!” 

Zurich Insurance has the policy to be an equal opportunity employer. We aim to attract and retain the best qualified individuals available, without regard to criteria such as race/ethnicity, national origin, religion, gender, sexual orientation, age or disability.

At Zurich we believe that having a culture of inclusion is essential in delivering good results. Attracting, retaining and developing a diverse workforce where employees feel valued, respected and empowered allows people to reach their full potential. As a business this diversity helps us to better reflect and understand our 4 million customers’ needs to allow us to drive better outcomes. As a global organisation, with an increasingly agile workforce, we're happy to consider flexible working arrangements.