Risk Specialist 1

AlphaLife Insurance Company S.A. is a dynamic life insurance company in Greece, specializing in savings, investment, and pension solutions designed to meet medium- and long-term financial needs. Established in 2010, the company develops modern and flexible insurance products that help individuals build capital and secure their financial future.

At Alpha Bank Group we are shaping the future of banking in Greece.

Through our large-scale Transformation Program, we are changing the way we operate, the way we deliver results and the way we service our Customers.

• We understand our Customers’ needs and design experiences around them.
• We work in partnership and invite diversity of skills and perspectives.
• We are forward-thinking and drive continuous improvement.
• We make things happen; we execute quickly and focus on what is essential.

If you are a change enthusiast who sets ambitious goals and works with a sense of purpose, we want to get to know you!

Join our team #AlphaBank

#WeAreAlpha #EnablingProgress #AlphaCulture #ValuesThatLead #OneTeamOnePurpose

Purpose

As a Senior Actuarial Specialist at AlphaLife, you will support the Actuarial Function and Risk Management in fulfilling their regulatory, financial, and business mandate. Reporting directly to the Head of Risk Management & Actuarial Function, the role contributes to the calculation, monitoring, and analysis of technical provisions, actuarial assumptions, and risk metrics, while supporting business planning, financial reporting, and decision-making within the Company’s governance framework.

What you will be doing

• Calculate technical provisions in accordance with Solvency II and International Financial Reporting Standards
• Perform actuarial studies and monitor key actuarial assumptions to support accurate valuation and risk assessment
• Support actuarial modelling, pricing activities, and underwriting risk analysis for life insurance products
• Analyze large datasets to identify trends, assess risks, and enhance pricing and actuarial methodologies
• Support experience studies to refine and validate actuarial assumptions
• Collaborate with cross-functional teams to automate actuarial processes and improve operational efficiency
• Prepare actuarial reports, dashboards, and presentations to communicate insights to internal stakeholders
• Support regulatory and financial reporting activities, including reserve calculations
• Work closely with Finance and Product Development teams on actuarial and financial topics
• Monitor industry developments, regulatory changes, and actuarial methodologies
• Support Risk Management activities, including Own Risk and Solvency Assessment (ORSA), business planning, and underwriting risk analysis
• Act as a liaison between the Actuarial Function and the Finance Division, ensuring understanding and validation of technical provisions, data quality controls, and actuarial figures for financial statements under International Financial Reporting Standards 17 and 9
• Lead projects across actuarial and risk management topics within the scope of the role

What you need to have

• A Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related quantitative discipline
• A minimum of seven (7) years of professional experience in life insurance or actuarial consulting
• Solid understanding of life insurance products, investment instruments, and financial reporting frameworks
• Proficiency in actuarial modelling tools (e.g., Prophet, MoSes) and advanced Excel, including Visual Basic for Applications
• Strong data analysis skills, with experience using tools such as Structured Query Language, Python, R, or advanced Excel functionalities
• Ability to analyze complex data sets to support actuarial valuations, pricing, and risk assessment
• Strong analytical and quantitative skills, with a high level of accuracy and attention to detail
• Ability to manage multiple priorities, meet tight deadlines, and perform effectively under pressure
• Strong collaboration skills and the ability to work both independently and within cross-functional teams
• A continuous improvement mindset, with commitment to professional development and lifelong learning

What we offer

It’s all about our people. At Alpha Bank Group, you will enjoy:

• A friendly and collaborative working environment that supports taking initiative and action
• A culture that centers around learning and continuous development and encourages everyone to bring their best self to work
• The opportunity to challenge your thinking through your participation in complex tasks and transformation projects
• Being part of a large organization with a leading role in the Greek economy and a strong presence in the community
• Flexible working options
• A competitive salary and benefits

All applications will be acknowledged and treated in utmost confidence.