Life Pricing Actuary

In Nationale Nederlanden, the person is the one that makes the professional.

On this occasion, we offer a permanent contract of Life Pricing Actuary in the Product Development Management area. We provide you with the following information:

What is the purpose of the position?

The main purpose of this position is to give support to the Product Development team in defining and developing the Life Protection products strategy to achieve growth and the profit objectives of the company.

In this role, you will manage the pricing activities of the Life Risk products and take an active part in building the new products proposals and guiding the performance of the portfolios to enable NN Spain to meet long-term profit targets.

What are the tasks that you’ll perform?

Qualified Life Actuary

• In collaboration with the Product Team develop the Protection products strategy to achieve growth and the profit objectives of the company.

• Participate in the product definitions collaborating with other functional departments and liaising with external parties (if necessary)

• Ensure efficiencies in downstream implementation collaborating closely with Product Owner in an Agile organization

• Elaborate the Pricing of new products, review and re-pricing of products in the portfolio:

• Derivation of the actuarial assumptions

• Development of the pricing model

• Assuring competitive offer compared with the market prices

• Documenting the pricing process and collaborate with the second line departments ( Actuarial & Risk), assuring the properly governance of the products.

• Understand market developments and ensure that trends are contextualized and reflected in our pricing activities.

• Provide analytical skills to monitor the performance of existing products and lead the creation of business cases for the development of changes to existing products.

• Provide expert insights regarding profitability, retention, and growth strategies in collaboration with underwriting, claims, commercial, actuarial, data analytics, customer, and digital experience dpts.

• Ensure that Protection products meet the NN group´s key performance indicators and contribute positively to the solvency position of the company

What are we looking for?

- Bachelor´s Degree in Actuarial Science or Business Management.

- Solid experience (5-10 years) in insurance company, with good knowledge of insurance products and its related pricing activities.

- Strong mathematical and analytical skills, including strong computer and programming skills: Excel, SQL, VBA, R or Python (another programming language desirable)

- Ability to build strong working relationships with peers, management, and the business areas

- Business and Client oriented, experienced in discussing technical information to a non-technical audience

- Fluency in English (writing and communication)

- Also valuable:

• Experience in Life Savings Business
• Experience with projection tools such as Prophet or AFM

What do we offer?

As part of our Employee Experience, we offer you a range of competitive benefits that are available to you in order to improve the physical, mental, and professional wellbeing of our workers. Among the benefits are:

• We work with a hybrid model.
• Starting financial aid so you can equip your work space at home
• Allowance and telework subventions
• Flexible working hours and 3 months of intensive working hours in summer so you can fully take advantage of your time
• We hire a life insurance and a pension plan for all our employees
• We establish objectives bonus as a performance reward
• You can get to the office as you please. We have a free parking lot for cars, motorbikes, electric cars with chargers, and bikes.
• Get to know our flexible retribution facilities such as transport card, nursery checks, health insurance with Sanitas, trainings…
• We care about people. That is why we are involved in society by facilitating volunteer actions and time to all our employees.
• We care about your wellbeing. We have a Wellness Program available.
• We are digital and we love technology. Also, every team works under agile methodology.
• If we haven’t convinced you yet…don’t take our word but the Top Employer. We are the 7th best company to work for in Spain!

If you think that your profile can fit with us and you like who we are, do not hesitate to sign in to our offers. We are waiting for you!

In Nationale-Nederlanden we are committed with diversity. We are proud to be an inclusive organization and we offer equal opportunities, regardless of race, cultural background, gender, gender identity, religion, national origin, age, disability, marital status, and sexual orientation. One of our core values is taking care of our employees so they can give their best within a respectful environment.