Protection Pricing Actuary – Lead, Analyze & Mentor

Munich Re Group; Greater London; On-site; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Private medical insurance

Employer pension 10%

25 days annual leave

Fully paid 6 months family leave

Job summary

Munich Re Group UK Life seeks an actuary to join the Protection Pricing team, supporting pricing leads and guiding junior colleagues. The role centers on delivering protection quotes, conducting experience analysis and refining pricing assumptions with strong analytical skills.

Applicants should be newly or nearly qualified actuaries familiar with Excel; R/Python and Power BI are desirable. We welcome candidates with UK life market knowledge and a collaborative mindset.

Qualifications

• Newly or nearly qualified Actuary with UK Life pricing knowledge.
• Experience in pricing processes, including analysis, assumptions and modelling.
• Familiarity with reinsurance pricing is preferable.

Responsibilities

• Be the technical expert within Pricing for Protection business.
• Deliver accurate quotes and assist with data and experience analysis.
• Support junior team members and communicate results to management.
• Contribute to pricing assumptions and commercial terms discussions.
• Develop understanding of financial implications and balance commercial risk.

Skills

Pricing knowledge

Experience analysis

Assumptions setting

Modelling methodology

Analytical skills

Excel

Power BI

R/Python/VBA

Communication

Education

Newly or nearly qualified Actuary

Tools

Power BI

Excel

R

Python

VBA

Job description

Munich Re Group UK Life seeks an actuary to join the Protection Pricing team, supporting pricing leads and guiding junior colleagues. The role centers on delivering protection quotes, conducting experience analysis and refining pricing assumptions with strong analytical skills.

Applicants should be newly or nearly qualified actuaries familiar with Excel; R/Python and Power BI are desirable. We welcome candidates with UK life market knowledge and a collaborative mindset.