Protection Pricing Actuary — Technical Lead & Mentor

Next Insurance, Inc.; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Private medical insurance

Employer pension 10%

25 days annual leave

Fully paid family leave

Job summary

Munich Re UK Life offers a role within the Protection Pricing team, supporting Pricing Leads and mentoring junior colleagues. You’ll contribute to data production, biometric analysis and pricing deliverables while assisting client queries and treaty performance monitoring.

The role emphasizes collaboration with the Basis development and Infrastructure teams to improve tools and processes. Newly or nearly qualified Actuaries are welcome to apply, with a strong emphasis on technical acumen.

Qualifications

• Knowledge of UK life insurance market.
• Pricing processes, including experience analysis production/analysis, assumptions setting and modelling methodology. Prior pricing 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 varying levels of knowledge.
• Confidence and diplomacy to challenge peers and manage upwards.
• Effective at dealing with stakeholders from a variety of technical backgrounds and levels of seniority.
• Strong computer literacy, particularly in Microsoft Excel & Word; also experience with R, Python, VBA; Power BI desirable.

Responsibilities

• Be a key technical expert within the team across Pricing and Biometric elements, developing technical expertise and knowledge relevant to reinsurance pricing for Protection business.
• Represent the team and communicate results to senior management and other departments.
• Take responsibility for the delivery of accurate and timely work. Checking other team members’ work and providing guidance to more junior members of the team.
• 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.

Job description

Munich Re UK Life offers a role within the Protection Pricing team, supporting Pricing Leads and mentoring junior colleagues. You’ll contribute to data production, biometric analysis and pricing deliverables while assisting client queries and treaty performance monitoring.

The role emphasizes collaboration with the Basis development and Infrastructure teams to improve tools and processes. Newly or nearly qualified Actuaries are welcome to apply, with a strong emphasis on technical acumen.