Chief Reserving Actuary

Would you be interested in working in a stimulating and business-oriented environment?

Join the Sabadell Zurich Reserving team!

Sabadell Zurich was born from the alliance between Banc Sabadell and Zurich to distribute insurance products through banking channels.

As the union of a prestigious bank recognized for its contribution to business development and an international company specializing in the protection and care of people, at Sabadell Zurich we have two different origins but one single purpose: TO BE THERE TO CARE.

Who are we?

Sabadell Zurich is a joint venture created in 2008 as a result of a business agreement between Banc Sabadell, one of Spain’s leading banks, and Zurich Group, a global leader in the insurance industry.

The joint venture is made up of three companies: BanSabadell Vida, BanSabadell Pensiones, and BanSabadell Seguros Generales, each owned 50% by both partners.

The Sabadell Zurich team is composed of approximately 350 employees, who are organizationally part of the Zurich Group in Spain.

Your Responsibilities

We are looking for a qualified actuary to join our team as Chief Reserving Actuary SabadellZurich. As a part of  Zurich EMEA Actuarial Center of Excellence, you will have the opportunity to report directly to the EMEA Senior Actuary, and you will have a matrix line of reporting with the CFO. You will have exposure to several forums with ExCo members in the attendance and you will lead the Reserving team.

Your main duties will include:

• Collaboration with all the local stakeholders in Sabadell Zurich (Claims, Underwriting, Pricing, Finance, Risk…) and Zurich Group and EMEA Region on reserving and strategic business decisions. Contribute to cross-function discussions by providing insights from own area in order to promote cross-functional sharing of information.
• Provide consultation and technical expertise on actuarial models and risk issues. Analyze data and undertake complex modeling using established methodologies to quantify risk and support business decision making.
• Research best actuarial practice and review/analyze current practice area to support senior management in developing and improving processes and systems.
• Make informed actuarial recommendations based on professional judgment and experience.
• Your BAU work will include quarterly reporting of reserves in several GAAPS (Spain Local, IFRS, Solvency 2, SST), Forecasting and Planning exercises, periodic meetings and analysis performed together with business areas.
• Ensure that the claims provisioning processes are appropriately governed in accordance with Group, Regional, and Local regulatory policies and compliant with regulations.
• Manage and develop the actuaries in the team.

Your Skills and Experience

We expect the person joining our team to have the following skills and experience:

• Fully qualified actuary in a recognized actuarial body, with at least 10 years of professional experience.
• The ideal candidate will have deep expertise in Reserving (for all the following accounting GAAPS: Spain, IFRS17 and Solvency 2), as well as a strong track record in cross-functional roles and/or leading implementation projects.
• Software for data transformation is also needed in our job, we are exploring new tools and languages to optimize our data processes.
• We need to deal with deadlines, work under pressure and manage workload seasonality as in many other companies. Previous experience in international environments with matrix structures would be useful.
• English C1 or upper level
• For us, attitude is a basic, if you are an enthusiastic learner, team-builder, proactive, open-minder, love to lead people and you like to innovate in your daily life, you could be our new CRA!

Benefits and Discounts for Sabadell Zurich Employees

Because our purpose is To Be There to Care, we add even more benefits for you:

• Flexwork: We love flexibility! After your first month with us, you’ll have access to a flexible hybrid work model—combining remote work from home with in-office days in Barcelona.
• Insurance discounts: Enjoy up to 70% off life insurance, 40% off home insurance, and 30% off car insurance with Sabadell Zurich.
• Health insurance: We care about your well-being! We offer free health insurance with Sanitas for you, plus discounts for your loved ones.
• Parking and mobility: Free parking spaces for cars, bicycles, and electric scooters.
• Well-being at work: Our offices offer a wide variety of spaces designed to meet your needs and enhance your personal well-being.
• Sustainable mobility: No car? No problem! We offer promotional rates for renting electric bikes and scooters.
• Sustainability & volunteering: We’re committed to the environment and our community—join our Sustainability Team and participate in volunteering activities.
• Inclusion & diversity: We collaborate with special employment centers that promote functional diversity through services like physiotherapy, office cleaning, and fresh local fruit deliveries.
• Wellness program: We offer various wellness activities such as yoga, pilates, and functional training.
• Physiotherapy service: Spend long hours at the computer? We’ve got you covered with physiotherapy sessions to relieve postural discomfort.
• Continuous learning: Access LinkedIn Learning and other platforms such as Share It, where you can both learn from and share knowledge with colleagues.

As Part of the Zurich Group

At Zurich Group, we take care of you—and here are some of your benefits:

• Flexible compensation: You choose what fits you best! Health insurance, childcare, volunteering projects, training, etc.
• Meal card: Forgot your lunch? Don’t worry—we provide a meal card (on top of your salary) so you can eat wherever you like.
• Vacations: Enjoy 26 days of annual leave, plus your birthday off to celebrate!
• Retirement plan: After your first year, you’ll have access to our company pension plan.
• Communication discounts: Save on phone and internet lines with Orange and Jazztel.
• Sports & wellness: Join our running community, or enjoy gym discounts through Andjoy.
• English lessons: Want to improve your English? We’ll help you with classes!
• Exclusive discounts: Save on fashion, travel, accommodation, and much more through Zurich Activa.

We’ve already set things in motion and are changing the way insurance is done. To do this, we need talented people with passion and a desire to learn. Will you join us?

"Zurich, No. 1 in Top Employers 2023. 16 consecutive years among the most highly rated companies."

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Zurich Group has and applies an equal employment opportunity policy. Our goal is to attract and retain the best professionals without discriminating on the basis of disability, race, nationality, religion, gender, sexual orientation, or age.