Pricing Actuary, Property

3 weeks ago


London, United Kingdom Munich Re Syndicate Full time

The Role

Assist the Property Pricing Manager in providing effective, efficient and reliable Pricing support to the underwriting division, ensuring all pricing related regulations and requirements are adhered to, to assist the business in achieving a profitable and successful operating model 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 Support and mentor more junior team members, including review of their work Work independently on individual pricing assessments of large or unique risks, or monitoring of Delegated underwriting contracts, including clear communication of results to the underwriters Build, 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 – for example to streamline operational processes relating to data management Support for syndicate business planning process New business initiative analyses and independent reviews 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.

What we are looking for

4+ years of pricing experience 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 judgements within a business environment Current Lloyd’s market knowledge Knowledge and understanding of the dynamics and rating considerations for Property. Experience with mentoring junior members of an actuarial team. Willingness to continue to develop knowledge of any pricing related matters.

Qualifications

University degree in Mathematics, Actuarial Science, Statistics, Economics or similar discipline. Qualification as a fellow of the Institute and Faculty of Actuaries or equivalent international body and / or relevant work experience (4+ years) in a dedicated actuarial role.

Your career with us

At MRSG, 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, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more



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