Senior Pricing Analyst (Property)

Munich Re Specialty - Global Markets, UK; Greater London; On-site; GBP 60,000 - 70,000; Full time

Job summary

Join a forward-thinking company as a Senior Pricing Analyst in London, where you will leverage your expertise in pricing and actuarial methods to support a dynamic team. You'll play a vital role in managing pricing assessments and mentoring junior analysts, while ensuring compliance with industry standards. This role offers a unique opportunity to contribute to innovative pricing strategies within a supportive environment that values curiosity and boldness. If you're passionate about making an impact in the insurance sector, this position is perfect for you.

Benefits

25 days Annual Leave + bank holidays

10% Non-contributory Pension

Eligibility for an Annual Bonus

Private Medical + Dental Insurance

Critical illness insurance

Life Assurance

Permanent Health Insurance

Wellbeing and Development Scheme

Hybrid Working

IT Home Set-up Support

Qualifications

• Experience in pricing assessments and binder reviews.
• Strong knowledge of Lloyd's oversight framework.
• Ability to mentor and manage junior staff.

Responsibilities

• Manage and mentor direct reports in pricing assessments.
• Support pricing team and maintain pricing models.
• Analyze pricing model data and ensure compliance.

Skills

Pricing experience in the London Market

Mathematical/statistical knowledge in (re)insurance

Effective communication skills

Knowledge of actuarial methods

Team player

Education

Degree in Mathematics, Statistics, or related field

Tools

Pricing models

Job description

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Company

Munich Re Specialty - Global Markets

Location

London , United Kingdom

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptablestrategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual g

Senior Pricing Analyst

We are looking to employ a Senior Pricing Analyst to be based in London to work with us on a full-time basis. You will support the provision of actuarial pricing support to MRSL.

Responsibilities

• Effectively manage, mentor and support your direct report(s), including managing their time, providing training and reviewing their work as required
• Work independently on individual pricing assessments of large risks and binder reviews, including clear communication of results to the underwriters
• Support pricing team in achieving the high standards as indicated within the Lloyd’s oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts
• Construction, review and maintenance of pricing models for varied classes of business
• Analysis of pricing model data including parameter validations
• Support for syndicate business planning process
• Production and review of pricing management information
• New business initiative analyses and independent reviews
• Investigation and utilisation of alternative data sources for parameterisation of pricing models
• Support underwriting within depth portfolio analyses and performance management
• Ensure all advice offered is in line with TAS requirements
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.
  
  
  

Knowledge And Skills

• Pricing experience in the London Market
• Experience with Property insurance an advantage
• Highly developed mathematical / statistical knowledge in (re)insurance
• Effective communication skills and ability to translate complex models in business terms
• Strong business acumen and interpersonal skills
• Team player and willingness to train junior members in the team
• Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment
• Knowledge of a range of modelling techniques and applications for pricing
• Current Lloyd’s market knowledge
• Willingness to continue to develop knowledge of any pricing related matters.
• Knowledge and understanding of FCA regulations and Lloyd’s standards
• Knowledge and understanding of the underlying principles of insurance and reinsurance
  
  
  

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

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.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Benefits

• 25 days Annual Leave + bank holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support
  
  
  

#BePresent #BeBold #BeCurious

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Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Marketing and Sales

• Industries

  Insurance

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