Job Details About Milliman Milliman is among the world's largest providers of actuarial, risk management, and related technology and data solutions.
Founded by actuaries seeking to push the profession forward, we've pioneered solutions in healthcare, insurance, retirement, and risk management for 75 years.
Today, our teams include data scientists, software developers, clinicians, benefits specialists, and other experts collaborating on the cutting edge - from microinsurance to public health to climate risk.
Milliman today has offices in principal cities worldwide, covering markets in North America, Latin America, Europe, Asia and the Pacific, the Middle East, and Africa.
Our reputation for excellence and success attracts challenging projects and some of the best assignments in the business, giving Milliman employees unique opportunities to become leaders in their fields.
We hire the best in the business and offer a work environment that is client-focused and encouraging of creativity and problem solving to meet and exceed our clients' expectations.
It's about personal responsibility, creativity, and flexibility.
We believe great work happens in great work environments.
Our culture is highly collaborative with value placed on high quality work and client service.
Who are we looking for? Milliman Madrid is looking for an actuarial and financial risk consultant, with consulting experience in Life insurance.
You will bring your own unique experience, which will help you to further develop within our organization.
We expect you to execute consulting assignments and play an active role in growing our business.
You would like to be an expert in one field and able to manage projects and client relations.
Further, you are willing to invest in yourself as well as in your colleagues.
The Madrid office works with a wide range of clients and performs a variety of projects, including: IFRS17, Solvency II, Economic Valuation, Due Diligence, M&A, implementation of actuarial and financial models to support our clients' valuation, product development, and actuarial studies.
The Consultant will participate in a wide variety of these consulting projects, with the opportunity to participate in international projects, working together with the most talented consultants in the Life insurance sector, both in Spain and internationally.
You will participate in the most innovative actuarial projects where you can make the most of your creativity, as well as your ability to analyse data, draw conclusions and present results to your colleagues and clients.
These experiences will help you to develop your technical knowledge and general industry experience while strongly benefiting from one of the most comprehensive actuarial training and development programmes in the industry.
Responsibilities Consultants are responsible, among others, for:
Programming and checking the required calculations for client projects including actuarial and economic valuation, IFRS17, Solvency II, pricing or reserving projects.Construction and/or configuration of actuarial models for valuation, pricing and reserving in commercial actuarial software.Participating effectively in client meetings.Actively participating in Research and Development (R&D) to improve/develop internal knowledge of the firm to maintain our competitive advantage in the market place.Availability to travel as needed.What we look for? Skills & Attributes Educational Requirements: An undergraduate degree pursuing actuarial science, mathematics, or another major with quantitative course work.
Experience and skills: - Minimum 2 years of actuarial experience in Life business.
- Has actively participated in relevant actuarial and financial projects (e.g.
modelling, valuation, Solvency II, capital, IFRS17, provisioning, pricing).
- High proficiency in Excel / VBA.
- Experience in actuarial, financial and pricing software or modelling will be regarded highly (e.g.
Prophet, R3S, MoSes / RiskAgility FM, MG-ALFA and Integrate).
Prophet suite experience will be an advantage.
- Experience in data analysis and data tools will be highly regarded (e.g.
PowerBI, R, SQL, SAS, Python, Tableau, MATLAB, C++).
- Development and analysis of experience studies and actuarial assumptions.
- Working and consolidated knowledge of basic actuarial concepts and insurance lines of business.
General Skills: - Superior mathematical aptitude and strong analytical ability.
- Strong written and verbal communication skills, along with the ability and willingness to clearly articulate ideas.
- Good organizational skills.
- Willingness to learn new concepts and techniques, and also teach others.
- Ability to work both independently and as part of a team.
- Ability to handle multiple projects and tasks, prioritizing and meeting deadlines.
- Fluency in Spanish and English is a must.
Other languages (especially French and Portuguese) will be highly regarded.
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