Life Pricing Actuary
for Southern Europe and Latin-America Region
Company Munich Re Location Madrid , Spain
The Risk and Pricing regional department based in Madrid is responsible for providing Munich Re´s businesses in the markets of Southern Europe (Spain, Portugal, Italy and Malta) and Latin America with best-in-class actuarial and risk management services.
We are looking for an Actuary to join the Pricing team, under the regional Head of Risk and Pricing, supporting the region in underwriting and pricing of life and health reinsurance business, with experience in pricing, product development and risk management. In this role, the actuary will work closely with the client managers and the other business origination units in the development and implementation of a strategic business plan in reinsurance solutions, and various projects of the department.
As member of the regional Pricing team, the actuary will join a community of Life and Health actuarial experts across Europe and Latin America, and from a business perspective will report to the Actuarial Pricing Manager.
Your Job
Provision of technical services to clients with a focus on Latin America, including Brazilian market, in coordination with the local staff, in particular for the acquisition of new business and the maintenance of existing business, with specific support to Client Management, Business Development and Financial Reinsurance teams
Support in the derivation of the best estimate bases and their timely updating
Support for product development initiatives, in close cooperation with MR experts in Madrid, Munich, and London
Support in the monitoring and valuation of existing and new business
Execution of risk management processes, especially with high-risk business
Preservation, acquisition and promotion of expertise and technical coordination, with a focus on international exchange
The position will be based in Madrid
Your Profile
University degree in statistics, mathematics or actuarial science, ideally fellow member of an international recognised Actuarial Association
Experience in life (re)insurance pricing, including life contingencies, probabilities, and reserving, ideally in the different market or products
Experience in modelling with the use of actuarial tools is a must, and knowledge of programming tools such as Visual Basic, R, Matlab, etc.
Fluent in Spanish and very good business English. Portuguese would be a plus
The candidate should demonstrate a high degree of:
Independence and ability to set priorities
Motivation to work in teams and spread knowledge
Communication skills
Analytical skills
Personal responsibility and ownership
Ability to work under time pressure
About us
As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.
Sounds like you? Push boundaries with us and be part of Munich Re.
Our employees are our greatest strength. That's why we offer them a wide range of benefits. You can find some examples below.
Unlock your potential
Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.
Rewards & Recognition
Competitive salary: appropriate compensation for your high level of commitment.
Retirement provision: state of the art in-house pension solutions.
Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
Hybrid working: living the best of both worlds – we offer you a very flexible approach.
Apply now!
At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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.
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don't meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
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