Senior Pricing Analyst

Posted 1 day 3 hours ago by ENGINEERINGUK

Permanent

Full Time

Other

London, United Kingdom

Job Description

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View more categories View less categories Sector Insurance Role Senior Executive Contract Type Permanent Hours Full Time

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 adaptable strategy, 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 goals.

Senior Pricing Analyst

We are looking to employ a Senior Pricing Analyst to be based in London on a 12-month fixed-term contract. You will support actuarial pricing support to MRSL.

You will work closely with underwriting, data, and strategy teams to design, implement, and refine pricing models and frameworks that support profitable growth and innovation.

Responsibilities

Develop a robust pricing framework supporting the European expansion project, collaborating closely with the London-based MRS-GM pricing team and underwriters in London, Ireland, Spain, and Germany.
Assess current pricing models for suitability to proposed portfolios.
Develop and implement pricing models for new lines of business, focusing initially on Property and Property & Casualty (P&C) combined products.
Collaborate with underwriting, claims, and data teams to ensure data quality and sound assumptions.
Support the build-out of pricing infrastructure, tools, and governance frameworks in new locations.
Produce and review pricing and portfolio management information for performance monitoring.
Investigate and utilize alternative data sources for model parameterization.
Ensure all advice complies with TAS requirements.
Promote good conduct to deliver optimal outcomes for customers and policyholders.

Knowledge and Skills

Experience in Pricing within General Insurance.
Knowledge of Property insurance and/or P&C products is advantageous.
Strong mathematical/statistical skills in (re)insurance.
Effective communication skills, capable of translating complex models into business language.
Good business acumen and interpersonal skills.
Team player willing to mentor junior team members.
Knowledge of actuarial methods, techniques, and practical application within a business context.
Familiarity with various modeling techniques for pricing.
Understanding of FCA and/or European regulations.
Knowledge of insurance and reinsurance principles.

If your experience does not align perfectly with all requirements, we encourage you to apply. You may be the candidate we are looking for!

Diversity, Equity & Inclusion

At Munich Re, we foster innovation and resilience through Diversity, Equity, & Inclusion. We aim to build a diverse workforce across various dimensions and ensure an inclusive environment where everyone has equitable opportunities to succeed.

Candidates can request reasonable adjustments at any stage of the recruitment process by contacting Talent Acquisition.

Our ESG Strategy

Our approach to ESG focuses on seizing business opportunities and nurturing an inclusive, sustainable environment, supporting community initiatives, and offering volunteering opportunities.

Benefits

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