Description

Fully qualified actuary (Spain & Germany ) with 8+ years of experience in finance transformations and regulatory implementations for top-tier insurance and reinsurance firms across Europe and LATAM. Available from January 2026.

Industry field of expertise

Languages

Spanish
Native or bilingual
English
Fluent
German
Conversational

Workplace preferences

Can work on-site

Málaga (up to 50km)

MunichRe
IFRS17 Consultant & Financial Accountant
BANKING AND INSURANCE
October 2023 - Today (2 years and 8 months)
Munich, Germany

• Corporate Accounting – IFRS17 Guidance & IO Support. Responsibilities include:
◦ IFRS17 reporting, supporting branches and subsidiaries in respect of global closing processes and systems.
◦ Perform quality assurance of the IFRS17 subledger (SAP FPSL).
◦ Review of reinsurance treaties for the Non-Distinct Investment Component (NDIC) calculation.
• IFRS17 Cross-Functions - Governance & Functional Coordination. Responsibilities include:
◦ Coordinate strategic roadmap planning and roll out schedule, implementation of requirements and test management.
◦ Quarterly IFRS17 closing support.
Admiral Group
IFRS17 & Solvency II Actuary
BANKING AND INSURANCE
July 2021 - October 2023 (2 years and 3 months)
• Implementation of IFRS17 standard in the European business of Admiral Group:
◦ Analysis and elaboration of IFRS17 technical documents (Technical Accounting Papers) in conjunction with the Admiral UK team, ConTe (Italy), L'Olivier (France) and Admiral Seguros (Spain).
◦ Support in the definition of a technological and functional architecture for FS reporting under IFRS17, IFRS4 and local GAP (DGS).
◦ Implementation Tagetik software as a calculation engine under IFRS17.
◦ Analysis of financial impacts in the transition from IFRS4 to IFRS17 in conjunction with PwC UK.
◦ Training and guidance on IFRS17 for each business area.
• Calculation of Solvency II technical provisions for the P&C business of Admiral's three European countries.
• Transformation of economic balance sheet under three different regulations: Solvency II, IFRS4 and DGS; supporting the accounting, risk, and reporting teams.
• Analysis of proportional and non-proportional reinsurance contracts for the calculation of profit sharing under IFRS4 and IFRS17.
• Support in the preparation of ORSA reports and SCR calculation.
NWorld Advisory, Tech & Operations
Senior Actuarial Consultant
BANKING AND INSURANCE
October 2020 - July 2021 (9 months)
Madrid, Spain
• Implementation of IFRS17 in AEGON Spain:
◦ Functional analysis of regulatory decisions related to IFRS17 requirements.
◦ Connection with the business and technology area to develop in Cloud technologies (AWS) the regulatory requirements.
◦ PMO support in the definition, estimation, and coordination of the necessary tasks for the dry run exercise prior to the implementation of the standard.
◦ Definition of a new Accounting Architecture of SANTALUCIA:
◦ Detailed analysis of the processes that are part of the Accounting Architecture and identification of business and regulatory requirements (Solvency II and IFRS 17).
◦ Definition of an optimal functional and technical architecture, considering business and IT needs, aligned with the company's Strategic Plan.
◦ Definition of the corresponding RFI's to the different solution providers.
◦ IFRS 17 Analysis Group:
◦ Generation of internal material for training and benchmarking of calculation engines and solutions for IFRS 17.
◦ Member of the group analyzing the impacts derived from the changes in the new accounting standard on insurance contracts (Finance and Accounting, Actuarial, Technology and Operations, Databases, Organization and Reporting)
Functional Analysis Amazon Web Services (AWS)

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Expert Course in Big Data Application and Machine Learning to the Insurance sector
Instituto de Actuarios Españoles (IAE)
2019
Expert Course in Big Data Application and Machine Learning to the Insurance sector
MSc. Actuarial & Financial Science (MCAF)
UMA
MSc. Actuarial & Financial Science (MCAF)

Check out Francisco's education

Francisco Figueroa

Actuary | IFRS17 & Solvency | Re-insurance

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