About the role:

‍

The Longevity Actuary has an important role in helping the Longevity team in securing profitable new business by being a pricing and process expert. You will help ensure our approach to pricing longevity risk is market appropriate, and that our product offerings and processes are optimised. The Longevity Actuary will support the wider team across the range of actuarial work we complete, including checking new business quotes, proposition and basis work and further developing our global centre of competence role. You will also support with system development to ensure we continue to improve efficiency across our work. This is a great opportunity for a technically strong individual to join a growing team in an exciting and rewarding environment.

‍

‍

‍

‍

Key Responsibilities:

‍

• Support on deal origination, managing client relationships and assess deal attractiveness for both UK and non-UK markets
• Lead new longevity reinsurance quotes as part of quote teams in both the UK and non-UK markets
• Support executions on actuarial side – contractual aspects, model reviews.
• Review pricing assumptions in tenders and the wider basis related discussions
• Support enhancements to UK basis, proposition and market offering
• Develop an in-depth understanding of our pricing approach to support the wider team with your technical and modelling capabilities
• Share your knowledge on market developments and practices with the team through training and knowledge sharing
• Improve pricing tools and processes to ensure the Longevity team's stays competitive.

‍

‍

‍

‍

‍

Competencies:

Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.

Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.

Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.

Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.

Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.

Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.

Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.

‍

‍

‍

‍

Key Skills & Experience:

Essential

• Nearly or newly qualified actuary
• Relevant experience of the bulk annuity market and longevity swap pricing
• Commercially aware with an understanding of DB de-risking offerings in the market
• Good modelling skills (Excel / VBA / other languages advantageous)
• Strong communicator with good negotiation and partner management skills
• Quick to grasp new concepts, and able to explain them effectively to others
• A team player who will step up and take responsibility.
• Good people training skills

‍