Senior Life Pricing Actuary

Munich Reinsurance; Sydney; On-site; AUD 120,000 - 160,000; Full time

Job summary

Munich Reinsurance in Australia seeks a Senior Pricing Analyst/Pricing Actuary for Life Insurance to lead cross‑functional pricing projects, perform robust actuarial modelling and client‑facing analyses. The role focuses on profitability, pricing of existing portfolios, and pricing of new products and treaties.

You will collaborate with SMEs, drive improvements to models and processes, and build strong relationships with internal and external stakeholders across Australia and New Zealand.

Qualifications

• Up to 5 years post-qualification experience as an Actuary, in a Life (re)insurance pricing or reserving environment.
• Knowledge of relevant insurance law in Australia and New Zealand.
• Strong knowledge of individual and/or group risk products - product features, benefits, pricing, reserving, for the Australian and NZ markets.
• Strong modelling and Excel skills.
• Engaging - Effectively communicate, share knowledge and support initiatives and projects.
• Problem solving - ability to proactively consider, research and recommend pragmatic solutions to tasks and problems.
• Interpersonal - ability to build and maintain effective professional relationships with all stakeholders based on trust and a constructive and collaborative approach.
• FIAA Qualified, or well-progressed towards qualification.

Responsibilities

• Leading projects to drive technical assessments and commercial outcomes in a cross functional environment
• Performing actuarial modelling, analysis and reporting in support of profitability analyses on in force portfolios, pricing of existing business, client requests for changes to existing business, and pricing of new products and treaties
• Enhancing internal models and processes to improve efficiency
• Working with internal SMEs and clients to agree changes to Treaty documentation
• Develop and build client relationships and support MRA's client strategy
• Support the effective management of commercial negotiations including engagement with key internal and external stakeholders

Skills

Actuarial modelling

Excel skills

Communication skills

Problem solving

Interpersonal skills

Education

FIAA Qualified

Job description

Munich Reinsurance in Australia seeks a Senior Pricing Analyst/Pricing Actuary for Life Insurance to lead cross‑functional pricing projects, perform robust actuarial modelling and client‑facing analyses. The role focuses on profitability, pricing of existing portfolios, and pricing of new products and treaties.

You will collaborate with SMEs, drive improvements to models and processes, and build strong relationships with internal and external stakeholders across Australia and New Zealand.