Longevity Pricing Actuary – Senior Analyst

Munich Re; Greater London; On-site; GBP 85,000 - 120,000; Full time

Benefits offered by this job

25 days annual leave

Private medical insurance

Employer’s contributory pension 10%

Job summary

Munich Re UK Life in London seeks a talented Longevity Pricing professional to support pricing leads, check work, and share technical expertise with junior colleagues. You will produce data, biometric analyses and pricing deliverables while contributing to basis development and tool improvements.

Strong analytical skills and knowledge of the UK life market are essential, with the ability to communicate complex concepts to stakeholders.

Qualifications

• Relevant knowledge or experience of the UK life insurance market or relevant pensions knowledge.
• Knowledge of Pricing processes, including experience analysis production/analysis, assumptions setting and modelling methodology. Prior Pricing experience and in particular experience with reinsurance pricing is preferable.
• Ability to grasp new concepts and technical issues quickly.
• Strong analytical skills and ability to make judgement calls where there is uncertainty.
• Ability to communicate technical concepts effectively to colleagues from with varying levels of knowledge.
• Confidence to challenge peers and manage upwards.
• Effective at dealing with stakeholders from a variety of technical backgrounds and levels of seniority.
• Literacy in Microsoft Excel & Word skills but also experience with R, Python, Basic VBA or similar programming. Experience with Power BI is desirable.

Responsibilities

• Be an important technical expert within the team across Pricing and Biometric elements, developing technical knowledge relevant to reinsurance pricing for Longevity business.
• Represent the team and communicate results to senior management and other departments.
• Checking work that's produced by the team for quotes and projects, ensuring the accurate use of data and production of experience analysis, setting of appropriate Pricing assumptions and supporting the negotiation of commercial terms.
• Develop an understanding of the financial implications, across all appropriate metrics, of decisions made. Ensuring the right balance between commercial needs and risk is achieved.
• Develop relationships with the commercial Longevity team and construct an important branch wide network of contacts.
• Support the training and development of more junior members of the Pricing team, providing feedback.

Skills

UK life insurance knowledge

Pricing processes

Experience analysis / data analysis

Analytical skills

Communication of technical concepts

Stakeholder management

Excel & Word

Education

Newly or nearly qualified Actuary

Tools

Microsoft Excel

Microsoft Word

Power BI

R

Python

VBA

Job description

Munich Re UK Life in London seeks a talented Longevity Pricing professional to support pricing leads, check work, and share technical expertise with junior colleagues. You will produce data, biometric analyses and pricing deliverables while contributing to basis development and tool improvements.

Strong analytical skills and knowledge of the UK life market are essential, with the ability to communicate complex concepts to stakeholders.