Global Longevity Development Actuary (Strategy Lead) in Vauxhall

Together, 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. The UK life market is one of the, if not the, most competitive life markets in the world. 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. So we need a smart strategy and structure in order to succeed. 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.

About the role: The Global Longevity Development Actuary (Strategy Lead) supports Munich Re's international longevity expansion ambitions within the Global Longevity Development (“GLD”) team by helping identify, assess and develop longevity opportunities across global markets that are outside Munich Re's established longevity business. Working closely with the Head of Global Longevity Development, local Munich Re offices and other internal stakeholders, the role is responsible for maintaining market assessments, supporting the identification, prioritisation and progression of the international longevity opportunity pipeline and supporting market-development activities in priority markets. The role may also be responsible for managing and developing actuaries within the GLD team working to support various elements of the overall GLD strategy, or actuaries in the wider longevity team. The role combines market analysis, stakeholder coordination, business development support and strategic project management, along with people management, helping ensure Munich Re is well positioned to identify and develop emerging longevity opportunities globally.

Key Responsibilities:

• Support the development and delivery of Munich Re's international longevity market development strategy.
• Support the Head of GLD in coordinating and delivering the wider GLD mandate across market development, basis development and opportunity progression activities.
• Maintain and regularly refresh assessments of emerging longevity markets and opportunities.
• Coordinate the international longevity opportunity pipeline and support the identification, prioritisation and progression of opportunities.
• Support development of market-entry assessments, business cases and recommendations for priority markets.
• Coordinate engagement with local Munich Re offices and central functions regarding longevity opportunities and market developments.
• Support preparation of presentations, updates and recommendations for senior management and governance forums.
• Assist with client, broker and consultant engagement activity in emerging longevity markets.
• Maintain and communicate insights on competitor activity, emerging opportunities and market developments relevant to Munich Re's international longevity expansion strategy.
• Coordinate market-development projects and strategic initiatives within the GLD team.
• Effectively manage, develop and support actuaries within the longevity team.
• Nurture the team culture, support personal development and drive results.
• Promote collaboration and knowledge sharing across the Longevity function and wider Munich Re Group.

General Duties and Tasks: The Global Longevity Development Actuary (Strategy Lead) is primarily focused on market assessment, business development support, stakeholder coordination and opportunity pipeline management, while also contributing to wider GLD activities including basis development, quote support and transaction execution, as well as activities across the wider Longevity team where required.

Competencies:

• Strategic mindset – you look, plan and move into the future with clear intentions and purposeful actions, seeking regular feedback.
• Ensures accountability – you hold yourself and others accountable to take responsibility and meet commitments.
• Managing complexity – you make sense of complex and sometimes contradictory information to effectively solve problems.
• Sponsors work – you know when to lead and when to let others lead, providing direction and delegating to others.
• Develops talent – you develop the team to meet their career ambitions.
• Being resilient – setbacks are unavoidable; however, you recover quickly, seek feedback, learn and unlearn and move forward with courage and commitment.

Key Skills & Experience:

• Experience within longevity, pensions de-risking, life insurance or reinsurance markets.
• Strong commercial awareness and interest in market development.
• Strong analytical and problem-solving skills.
• Ability to assess and communicate complex information clearly.
• Strong stakeholder-management and relationship-building skills.
• Excellent written and oral communication skills.
• Experience preparing presentations, reports or business cases.
• Ability to coordinate multiple priorities and projects simultaneously.
• Curious and proactive mindset with an interest in identifying new opportunities.
• Willingness to challenge existing approaches and contribute new ideas.

Qualifications and Educational Requirements: Qualified actuary with directly relevant actuarial experience of the bulk annuity/longevity swap market, preferably including non-UK markets.

Benefits: You 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 6 months family leave for times when you need it the most.

About us: You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning. You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders. We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn.