Pricing Manager in Westminster

The role holder will be a manager within the Protection Pricing team. They will have line management responsibility and will be responsible for checking and reviewing the work of other colleagues within the team.

Responsibilities

• Lead and manage a team of Protection Pricing specialists, providing guidance, coaching and performance feedback.
• Check, review and approve the work produced by team members, including protection quote delivery, data/biometric analysis, pricing assumptions and commercial term negotiation.
• Support the delivery of protection quotations, client queries, treaty changes, monitoring of new and existing treaties and experience analysis for in‐force treaties.
• Collaborate with the Basis Development team to review pricing assumptions and with the Infrastructure & Tools team to improve tools and processes.
• Act as the key technical expert on pricing and biometric elements for the Protection business.
• Advise the Head of Protection Pricing on planning, prioritisation, team direction and non‐technical topics such as people and culture.
• Represent the team to senior management and other departments, communicating results and insights.
• Build and maintain client‐focused relationships across the Protection department and broader network.
• Drive efficiency initiatives in pricing tools and processes, embracing new technology where appropriate.
• Support development and review of Protection basis and assumptions, and provide technical input for new protection propositions.

Qualifications

• Qualified Actuary
• Knowledge or experience of the UK Protection market
• Experience managing or leading colleagues, providing feedback and supporting development
• Knowledge of Protection pricing processes, including experience analysis, assumptions setting and modelling methodology
• Prior pricing experience, particularly with reinsurance pricing, is preferable
• Strong analytical skills and ability to make judgment calls in uncertain situations
• Excellent communication skills – able to convey technical concepts to audiences with varying levels of knowledge
• Confidence and diplomacy to challenge peers and manage upwards
• Ability to engage stakeholders across technical backgrounds and seniority levels
• Proficiency in Microsoft Excel and Word, and familiarity with R, Python, VBA or similar; experience with Power BI desirable
• Strong computer literacy and ability to grasp new concepts quickly
• Understanding of internal and external client strategy and needs

Competencies

• Strategic mindset – plan and move into the future with clear intentions and purposeful actions
• Accountability – hold self and others accountable to meet commitments and create a culture of ownership
• Managing complexity – make sense of complex and sometimes contradictory information to solve problems
• Sponsor work – lead when necessary and delegate to empower others
• Develop talent – build capability at individual and organisational levels, provide feedback and promote a diverse and inclusive workforce
• Resilient – recover quickly from setbacks, seek feedback and move forward with courage and commitment

People Leadership

You are aware of your role as a leader in influencing team structure and culture to promote diversity and inclusion. You strive to continuously educate yourself on inclusive leadership best practice, demonstrate inclusive behaviour, encourage colleagues to play an active role, support a culture of high ethical conduct, and treat everyone fairly and with respect.

Thought Leadership

You are seen as an expert in your field and act as the 'go-to' person for your area of specialism within Munich Re. You mentor others and share knowledge wherever possible.

Regulatory & Conduct Requirements

The individual will be responsible for ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules.

Benefits

• Competitive compensation package with on‐target bonus
• 25 days annual leave (option to purchase additional days)
• Private medical insurance coverage
• Employer‐contributory pension – 10%
• Fully paid 6‐month family leave available when needed

All candidates in consideration for any role can request a reasonable adjustment at any point in the recruitment process. This job is with Munich Re, an inclusive employer.