Pricing Analyst

7 hours ago


London, Greater London, United Kingdom Munich Re Syndicate Full time
About the Role

Munich Re Specialty Group is seeking a skilled Pricing Analyst to join our team in London, Manchester, or Birmingham. As a Pricing Analyst, you will play a crucial role in providing actuarial pricing support to our underwriting division, ensuring compliance with regulations and requirements.

Key Responsibilities
  • Collaborate with the Property Pricing Manager to provide effective pricing support, ensuring all pricing-related regulations and requirements are met.
  • Support the pricing team in achieving high standards as indicated in the Lloyd's oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts.
  • Work independently on individual pricing assessments of large or unique risks, or monitoring of Delegated underwriting contracts, including clear communication of results to underwriters.
  • Develop, review, maintain, and enhance pricing models, striving to achieve the optimum balance between rating integrity and market suitability while considering data availability and user capabilities.
  • Assist in development work, such as streamlining operational processes related to data management.
  • Produce and review pricing management information.
  • Conduct new business initiative analyses and independent reviews.
  • Ensure all advice offered is in line with TAS requirements.
  • Contribute to driving good Conduct for the business to deliver the best outcomes for customers/policyholders.
Requirements
  • Pricing experience, ideally in the London Market.
  • Knowledge and understanding of FCA regulations and Lloyd's standards.
  • Knowledge and understanding of the underlying principles of insurance and reinsurance.
  • Highly developed mathematical/statistical knowledge.
  • Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgments within a business environment.
  • Current Lloyd's market knowledge.
  • Knowledge of a range of modeling techniques and applications for pricing.
  • Willingness to continue developing knowledge of any pricing-related matters.
Education and Professional Qualifications
  • University degree in Mathematics, Actuarial Science, Statistics, Economics, or similar discipline.
  • Progress towards qualification as a fellow of the Institute and Faculty of Actuaries or equivalent international body and/or relevant work experience in a relevant role.
Your Career with Us

At Munich Re Specialty Group, you'll find the flexibility, development, and support you need to excel your career, combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, including a non-contributory pension, private medical care, life assurance, and more.


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