Pricing Actuary

No longer requests for updated copies of the job description. The seniority, employment type and while we still maintain a clean updated offer for the future as per hiring plan. The role described below still applies to the company and the role as requested by the recruiter. Hiring Assessor (Team Lead applicant pool).¿Es este el puesto que está buscando? Si es así, siga leyendo para obtener más detalles y no olvide enviar su solicitud hoy mismo.Pricing Actuary– Munich Re Specialty – Global Markets, UKWe are looking for a Pricing Actuary to join our teams in Madrid, Spain on a full‑time basis. The role is hybrid, with 2–3 days a week in the office.As a Pricing Actuary, you will contribute to the development and implementation of the Property pricing strategy across Europe. You will work closely with the underwriting and finance teams, supporting the Chief of Underwriting (Property), the Property Country Heads, and the London Finance and global Corporate Underwriting teams.ResponsibilitiesSupport the development and enhancement of technical and commercial pricing capabilities for Property products in Europe, with initial focus in Spain.Support the wider MRS‑GM Actuarial Pricing team as required on other classes of business being developed in Spain, such as Renewables, Cyber and Engineering.Assist underwriting teams with product design, ensuring any changes are correctly priced.Track price adequacy and performance and lead profitability exercises using modelling and reserving techniques.Conduct technical analyses and investigations, including inflation and independent deep‑dives.Stay current on market dynamics and actuarial developments, and determine how these trends impact pricing.Work independently on individual pricing assessments of risks, communicating results clearly to underwriters.Present results to stakeholders, providing insight and recommendations on pricing and performance.Maintain and improve governance procedures to satisfy internal and external requirements.Collaborate and delegate work as required.Engage proactively with stakeholders to explain and justify your point of view.Conduct actuarial analysis to support onboarding of new territories or MGAs for Property business.Participate in Munich Re Property projects and initiatives to improve modelling capabilities and streamline pricing processes.Contribute to expanding the breadth of actuarial, modelling and statistical techniques used across the team.Ensure all advice complies with actuarial standards and relevant guidelines, including Munich Re’s guidance.Ensure compliance with regulatory requirements and promote good conduct to deliver the best outcomes for customers.Knowledge And SkillsExpertise in pricing Property insurance, ideally with knowledge of other general insurance classes.Experience working independently and managing senior stakeholders.Proven experience with modelling and data.Strong understanding of standard reserving methods.Strong analytical skills and attention to detail, with the ability to collaborate with underwriters.Good knowledge of Property insurance products and the European market, insurance processes, and regulatory requirements.Foundational understanding of global macroeconomics and financial markets.Excellent written and verbal communication skills, including report writing and presentations.Capability to build and sustain strong working relationships with internal and external stakeholders.Fluency in English is mandatory; additional European languages are an advantage.Education And Professional Qualifications RequiredUniversity Degree in a quantitative field such as Mathematics, Actuarial Science, or Statistics.Accredited actuary with one of the actuarial associations, or qualified by experience.If you are excited about this role but your experience does not align perfectly with everything outlined, or you do not meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking forDiversity, Equity & InclusionAt Munich Re, Diversity, Equity & Inclusion foster innovation and resilience. We commit to building an equitable and inclusive environment where diversity is celebrated and valued. xsgfvud All candidates in consideration for any role can request reasonable adjustments at any point in our recruitment process.Benefits25 days Annual Leave + bank holidays10% Non‑contributory PensionEligibility for an Annual BonusPrivate Medical + Dental InsuranceCritical illness, Life Assurance and Permanent Health InsuranceWellbeing and Development Scheme + EAP + Health Assessments (subject to eligibility)Electric Vehicle Salary Sacrifice SchemeStudy & Continuing Professional Development SupportHybrid Working + IT Home Set‑up Support#BePresent #BeBold #BeCurious#J-18808-Ljbffr