Certified Actuarial Professional for Specialty Insurance

hace 22 horas


Madrid, Madrid, España Munich Re A tiempo completo

About Munich Re

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Munich Re is a leading global reinsurer with a strong presence in the specialty insurance market. As a pioneer in innovation, we are constantly pushing boundaries to provide effective and adaptable solutions for our clients.

Job Description

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We are currently looking for a Certified Actuarial Professional to join our team in Madrid, Spain. The successful candidate will be responsible for providing actuarial pricing and performance management support to our newly launched Surety business under MRS-GM.

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This role will work closely with the underwriting team supporting the Chief Underwriting Officer, Surety, as well as Heads of, Underwriters, and both the London and Munich Finance teams.

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Responsibilities

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  • Design and develop a world-class pricing tool for the Surety business, working closely with the European underwriting team.
  • Support the development and enhancement of technical and commercial pricing capabilities for the Surety products in Europe, with initial focus in Spain.
  • 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, as required.
  • Conduct technical analyses, investigations (e.g., inflation), and independent deep dive reviews.
  • 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.
  • Present results to a variety of stakeholders to provide insight and recommendations on pricing and performance-related results for the financial lines product (currently Surety only).
  • Engage proactively and collaborate with relevant stakeholders, with a focus on pricing and performance.
  • Be able to explain and justify your point of view.
  • Conduct actuarial analysis to support the onboarding of additional territories or new MGAs for the Surety business and any new financial lines product related to Surety.
  • Participate in Munich Re Specialty 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, engaging and collaborating across the wider Munich Re Specialty pricing and underwriting teams to bring innovation to pricing and underwriting.
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Salary and Benefits

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The estimated salary for this position is approximately €80,000 - €120,000 per annum, depending on experience. Additionally, Munich Re offers a comprehensive benefits package, including health insurance, pension plan, and generous vacation time.



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