Actuarial Consultant in London

London, England, United KingdomCategory: Actuarial & Risk ManagementCompany: Munich ReTogether, we engage with everything we have and are, to help humankind act braver and better. About UK Life Branch: With the office in Munich, it forms the Life 1 division of Munich Re. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it's important to look at the big picture. In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world's largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable. The team is responsible for delivery of Protection quotes (which includes both production of data/Biometric analysis and Pricing deliverables); supporting with client queries and changes on existing open to new business treaties; monitoring performance of open to new business treaties; monitoring of experience on inforce treaties for reporting purposes; Where appropriate the team will also support the commercial Protection team on other related activities including new product and proposition development. Be a key technical expert within the team across Pricing and Biometric elements, developing technical expertise and knowledge relevant to reinsurance pricing for Protection business. Checking work that's produced by the team for quotes and projects, ensuring the accurate use of data and production of experience analysis, setting of appropriate Pricing assumptions and supporting the negotiation of commercial terms. Develop an understanding of the financial implications, across all appropriate metrics, of decisions made. Ensuring the right balance between commercial needs and risk is achieved. Develop relationships with the Protection department and construct an important branch wide network of contacts. Support the training and development of more junior members of the Pricing team, providing feedback where appropriate. 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. 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: Relevant knowledge or experience of the UK life insurance market. Knowledge of Pricing processes, including experience analysis production/analysis, assumptions setting and modelling methodology. Strong computer literacy, particularly in Microsoft Excel & Word skills but also experience with R, Python, Basic VBA or similar programming. Experience with Power BI is desirable. Newly or nearly qualified ActuaryThought Leader: You are seen as an expert in your field and will be the 'go to' person for your area of specialism within Munich Re. You will treat your colleagues and sales and business partners fairly and with respect. Regulatory & Conduct Requirements: In addition to the responsibilities set out above, the individual will also become responsible for ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules. BenefitsYou will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%We are one of the few employers to offer fully paid 6months family leave for times when you need it the most. Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We inspire people to be capable of joint performance. 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; 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. You can request an adjustment by speaking to your Talent Acquisition contact.