Senior Pricing Analyst

**Location**

Madrid, Spain
**Job type**

Full-Time
**Work mode**

Hybrid
**Job level**

Professional
**Job ID**

10552
**Company**

Munich Re Specialty - Global Markets
**Employment type**

Regular
**Area of expertise**

Actuarial & Risk Management

At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

**Senior Pricing Analyst**
We are looking to employ a Senior Pricing Analyst to be based in Spain, Madrid. You will support the provision of actuarial pricing support to MRSL.

You will work closely with underwriting, data, and strategy teams to design, implement, and refine pricing models and frameworks that support profitable growth and innovation.

**Responsibilities**
- Working closely with the MRS-GM pricing team based in London along with Underwriters based in London, Ireland, Spain and Germany to develop a robust pricing framework supporting the European expansion project.
- Assess current available pricing models and their suitability for the proposed portfolios
- Develop and implement pricing models for new lines of business, ensuring alignment with underwriting strategy and risk appetite. Initially focusing on Property and Property & Casualty (P&C) combined products
- Collaborate with underwriting, claims, and data teams to gather insights and ensure robust data quality and assumptions
- Support the build-out of pricing infrastructure, tools, and governance frameworks in new office locations
- Production and review of pricing and portfolio management information to enable the performance monitoring of new portfolios
- Investigation and utilisation of alternative data sources for parameterisation of pricing models
- 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

**Knowledge and Skills**
- Pricing experience in General Insurance
- Experience with Property insurance and/or P&C combined products an advantage
- Highly developed mathematical / statistical knowledge in (re)insurance
- Effective communication skills and ability to translate complex models in business terms
- Strong business acumen and interpersonal skills
- Team player and willingness to train junior members in the team
- Knowledge and understanding of FCA and/or European regulations
- Knowledge and understanding of the underlying principles of insurance and reinsurance

**Diversity, Equity & Inclusion**
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise 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.

Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

**Benefits**
- 25 days Annual Leave + bank holidays
- 10% Non-contributory Pension
- Eligibility for an Annual Bonus
- Private Medical + Dental Insurance
- Critical illness insurance + Life Assurance + Permanent Health Insurance
- Electric Vehicle Salary Sacrifice Scheme
- Study & continuing Professional Development Support
- Hybrid Working + IT Home Set-up Support

BePresent #BeBold #BeCurious