L&H Pricing Actuary

Next Insurance, Inc.; Madrid; Híbrido; EUR 70.000 - 110.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Competitive salary

Pension provision

Hybrid working

Work-life balance

Descripción de la vacante

Munich Re in Madrid seeks an Actuary to join our Pricing team. You will price Life & Health reinsurance and collaborate with regional teams across Southern Europe and Latin America, focusing on Brazil. You will develop assumptions, build models, and translate actuarial insights into reinsurance proposals while supporting risk assessment.

Fluency in Portuguese and English is essential; Spanish is a plus. Join an international actuarial community and report to the Actuarial Pricing Manager in a

Formación

• A degree in statistics, mathematics, or actuarial science, ideally fellow member of an international recognised Actuarial Association.
• 5+ years of experience in actuarial functions within life insurance industry.
• Advanced statistical analysis, data analytics, and actuarial modelling including coding skills (e.g., Python, R, or similar).
• Experience in the Brazilian life insurance market is highly valued.
• Fluency in Portuguese and strong business English; Spanish is a plus.

Responsabilidades

• Provide technical actuarial support to clients in the region, with a focus on Brazil.
• Develop, update, and validate best‑estimate assumptions through experience studies and sensitivity analyses.
• Build and maintain actuarial models reflecting technical dimensions and future development.
• Translate actuarial insight into reinsurance proposals with soundness and consistency.
• Contribute to the monitoring, valuation, and analysis of existing and new business.
• Provide expert inputs on risk assessment.
• Collaborate across regions to share knowledge and maintain international connections.

Conocimientos

Actuarial degree

5+ years actuarial exp

Statistical analysis

Actuarial modelling

Python

R

Brazilian market knowledge

Portuguese

English

Spanish (a plus)

Educación

Statistics/Mathematics/Actuarial Science degree

Herramientas

Python

R

Descripción del empleo

Our Pricing team in Madrid supports Munich Re’s business across Southern Europe (Spain, Portugal, Italy, Malta) and Latin America, providing with top‑quality actuarial and risk‑management expertise.

We’re looking for an Actuary to join our Pricing team. In this role, you’ll be involved in pricing Life & Health reinsurance business, working closely with the business development units along the region including financial reinsurance. You’ll help shape strategic plans, support innovative reinsurance solutions, and contribute to key projects within the department.

By joining the regional Pricing team, you’ll become part of an international community of Life & Health actuarial experts across Europe and Latin America. From a business perspective, you will report to the Actuarial Pricing Manager.

Your Role

• Provide technical actuarial support to our clients in the region, with a strong focus on Brazil. You’ll work closely with local colleagues to win new business and strengthen existing partnerships
• Develop, update, and validate best‑estimate assumptions through experience studies and sensitivity analyses
• Build and maintain actuarial models that accurately reflect the technical dimensions and future development of the underlying insurance business
• Partner closely with business specialists to translate actuarial insight into reinsurance proposals and ensure technical soundness and consistency
• Contribute to the monitoring, valuation, and analysis of both existing and new business
• Provide expert inputs on risk assessment
• Collaborate across regions to share knowledge, promote actuarial expertise, and maintain strong international connections

Your Profile

• A degree in statistics, mathematics, or actuarial science, ideally fellow member of an international recognised Actuarial Association
• 5+ years of experience in actuarial functions within life insurance industry
• Demonstrated expertise in advanced statistical analysis, data analytics, and actuarial modelling including coding skills (e.g., Python, R, or similar)
• Previous experience in the Brazilian life insurance market, ideally with exposure to local product features, distribution channels, and regulatory considerations would be highly valued
• Fluency in Portuguese and strong business English. Spanish is a plus

We value candidates who demonstrate:

• Ownership, responsibility, and resilience under time pressure
• Independence and the ability to prioritize effectively
• Team spirit and a willingness to share knowledge
• Strong communication skills
• Solid analytical thinking, with a logical and concise approach and a strong attention to detail.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.
• Hybrid working: we offer you a very flexible approach.

* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.