Actuary

Ethniki Asfalistiki has been a leading company in the Greek insurance market for 135 years. Since its establishment in 1891, the company has been offering simple, innovative, and reliable solutions that protect what matters most to its policyholders, enabling them to face each day with confidence and peace of mind.

In November 2025, Ethniki Asfalistiki entered a significant new chapter in its history by becoming part of the Piraeus Group, one of the largest and most dynamic financial organizations in Greece.

Today, Ethniki Asfalistiki employs more than 700 people, has a flexible and extensive network of Certified Insurance Intermediaries, and is trusted and preferred by 1.9 million policyholders. Guided by values such as integrity and reliability, the company places people at the heart of its business, making insurance clear and accessible and removing complexity to help customers feel informed and in control.

Ethniki Asfalistiki’s vision is to remain a leading insurer, always standing by its customers, redefining insurance through innovation, empathy, and simplicity, while building a sustainable future.

About the Role

Ethniki Asfalistiki is seeking an Actuary to join the Independent Validation team within the Actuarial Function. The role supports the independent review of actuarial models, assumptions, methodologies, and results across Life & Health and Non-Life business, covering accounting and regulatory requirements, financial projections, and risk analysis. Through robust validation and clear technical reporting, the role contributes to sound management decision-making and the continuous enhancement of actuarial processes and controls.

 

Key Responsibilities

• Validate actuarial calculations, models, methodologies, assumptions, and outputs across Life & Health and Non-Life portfolios, assessing their accuracy, consistency, and reliability.
• Analyze historical insurance experience, including claims, mortality, morbidity, persistency, and other relevant trends, to assess the appropriateness of actuarial assumptions.
• Review solvency calculations, stress tests, capital allocation, and business plan projections, including scenario analysis of financial and solvency outcomes.
• Validate reinsurance calculations and treaty structures, evaluating their impact on technical provisions, profitability, and capital requirements.
• Review new product profitability and support the preparation of the relevant opinion for the Chief Actuary Annual Report.
• Assess investment-related assumptions and analyses, including TVOG calculations, and their impact on insurance liabilities, profitability, and solvency.
• Prepare clear validation reports, technical documentation, and supporting analyses, while collaborating with Business Units and the Risk Function to identify and quantify insurance, market, and credit risks and strengthen related processes and controls.

 What you bring

• Bachelor’s degree in mathematics, statistics, finance, business or a related field.
• 2-5 years of relevant actuarial experience within an insurance company or consulting firm.
• Strong actuarial and analytical skills, with experience in data handling, financial modelling, assumption-setting, or actuarial model review.
• Foundational knowledge of the insurance regulatory environment, solvency and capital requirements, and relevant market practices.
• Progress toward a recognized actuarial qualification.
• Ability to manage multiple priorities, work independently, and deliver accurate results within deadlines.
• Strong problem-solving, communication, presentation, and interpersonal skills, with a good understanding of business needs.
• Proficiency in Microsoft Office, particularly Excel.
• Excellent command of Greek and English (written and spoken).
• No pending military obligations (for Greek male citizens).

Will be considered a plus

• Master’s degree in Actuarial science or Applied Statistics.
• Experience with R, Python, R3S, or other actuarial cash-flow projection software will be considered an asset.

What we offer

The company invests in long-term cooperation and provides a modern and stable work environment, with a hybrid work model. We offer a competitive remuneration package and excellent career prospects, coupled with continuous training and development.

Applications

All applications will be treated with strict confidentiality and successful candidates will be contacted.

At Ethniki Asfalistiki, we believe in creating an inclusive workplace that values diversity and celebrates the unique contributions of each individual.

We are an equal opportunity employer, and we recognize that a diverse workforce is essential for our success. By bringing together people from different backgrounds and experiences, we can promote a more innovative, creative, and productive work environment.

We are committed to fostering a culture of belonging where everyone feels respected, valued, and empowered to contribute their best.