Actuarial Pricing Expert for Surety Business

hace 2 días


Madrid, Madrid, España Munich Re A tiempo completo

About Us

Munich Re is a leading global reinsurer with a long history of innovation and excellence. We strive to become the primary specialty insurance provider, driven by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment.

Job Description

We are seeking a skilled Actuarial Pricing Expert to join our team in Madrid, Spain. As a key member of our team, you will be responsible for designing and developing a world-class pricing tool for our Surety business, working closely with our European underwriting team.

You will support the development and enhancement of technical and commercial pricing capabilities for our Surety products in Europe, with an initial focus on Spain. Your responsibilities will include tracking price adequacy and performance, leading profitability exercises using modeling and reserving techniques, as required.

In addition, you will conduct technical analyses, investigations (e.g., inflation), and independent deep dive reviews. You will stay current on market dynamics and actuarial developments, including frequency, severity, and exposure accumulation trends, and determine how such trends should be accounted for in pricing.

You will present results to various stakeholders to provide insight and recommendations on pricing and performance-related results for our financial lines product (currently Surety only). Engage proactively and collaborate with relevant stakeholders, focusing on pricing and performance. Be able to explain and justify your point of view.

Requirements

To succeed in this role, you will need expertise in pricing Surety insurance, ideally with pricing knowledge of a range of financial lines. Experience in working independently and managing senior stakeholders is also essential.

You will have proven experience with modeling and data used in credit-related products, a good understanding of standard reserving methods for Surety, and strong analytical skills and attention to detail.

A foundational knowledge and understanding of global macroeconomics and financial markets are necessary, along with excellent written and verbal communication skills, including report writing, presentations, and the ability to present complex analyses to senior management.

What We Offer

We offer a competitive salary of €80,000 per year, plus benefits and opportunities for professional growth and development. If you are excited about this role and believe you have the skills and qualifications required, please submit your application.



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