Longevity Pricing Actuary — Global Reinsurance

Munich Re; Greater London; On-site; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Private medical insurance

Pension scheme

25 days annual leave

Family leave (6 months)

Job summary

Munich Re UK Life Branch is seeking a technically strong Longevity Actuary to join the Longevity team in London. You will help price longevity risk, check quotes, and develop propositions while improving efficiency through modelling and system development.

You will support the pricing process, basis development, and in‑force activities, collaborating with international colleagues to enhance our global competence. Ambition, accuracy and sharing knowledge are essential.

Qualifications

• Relevant experience of the bulk annuity market and longevity swap pricing.
• Strong analytical and modelling skills with the ability to work independently and apply judgement.
• Proficient in Excel, VBA, R and other programming languages.
• Able to grasp new concepts quickly and communicate them clearly to others.
• A team player who will step up and take responsivity when required.
• Good people development and training skills.
• Willing to challenge the status quo.

Responsibilities

• Support deal origination and assess deal attractiveness.
• Lead or support new business quotes as part of quote teams.
• Review pricing assumptions in tenders and wider basis related discussions.
• Support longevity basis development for UK and non‑UK markets.
• Support UK proposition development and market offering.
• Oversee regular in‑force actuarial tasks with the Head of In‑Force.
• Support longevity strategy and ad‑hoc tasks as required.
• Provide guidance and knowledge sharing to longevity team members.

Skills

Longevity pricing

Analytical skills

Modelling skills

Excel/VBA/R familiarity

Team player

People development

Challenging status quo

Education

Nearly / newly qualified actuary

Experience in bulk annuities / longevity swaps

Tools

Excel

VBA

R

Database knowledge

Job description

Munich Re UK Life Branch is seeking a technically strong Longevity Actuary to join the Longevity team in London. You will help price longevity risk, check quotes, and develop propositions while improving efficiency through modelling and system development.

You will support the pricing process, basis development, and in‑force activities, collaborating with international colleagues to enhance our global competence. Ambition, accuracy and sharing knowledge are essential.