Financial Lines Pricing Expert
hace 3 semanas
Located in Madrid, Spain, we are currently looking for a Financial Lines Pricing Expert to join our team at Munich Re Specialty – Global Markets. This full-time position reports directly to the Head of MGA Performance and offers a unique opportunity to 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.
Key Responsibilities- 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 an 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.
- Expertise in pricing Surety insurance, ideally with pricing knowledge of a range of financial lines.
- Experience in working independently and managing senior stakeholders.
- Proven experience with modelling and data used in credit-related products.
- Good understanding of standard reserving methods for Surety.
- Strong analytical skills and attention to detail, with a proven ability to work collaboratively with underwriters.
- Fundamental knowledge and understanding of global macroeconomics and financial markets.
- Excellent written and verbal communication skills, including report writing, presentations, and the ability to present complex analyses to senior management.
- Fluency in English is a must; other European languages are also an advantage.
- Strong proficiency in Excel, actuarial pricing software, databases, and tools is indispensable.
We offer a competitive salary of approximately €80,000 per annum, commensurate with experience. In addition, you will enjoy a comprehensive benefits package, including health insurance, pension scheme, and generous holiday entitlement.
Munich Re Specialty – Global Markets values diversity, equity, and inclusion, and we welcome applications from candidates from all backgrounds. We recognize that diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs.
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