Longevity Actuary

Apply for the Longevity Actuary role at myGwork – LGBTQ+ Business Community.

This position is with Munich Re, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Munich Re’s UK Life Branch operates from London and is a key part of the Life 1 division. The UK life market is one of the most competitive markets worldwide, driven by medical progress, demographic trends, changing lifestyles, legislation and intense competition. We pursue a smart strategy and structure to succeed, focusing on three pillars: protection, longevity and reinsurance structuring. Our clients view us as experts, and we deliver the financial strength of the world’s largest reinsurer, global expertise and sharp pricing to keep them competitive and profitable.

About the Role

The Longevity Actuary will support the Longevity team in securing profitable new business by acting as a pricing and process expert. You will help ensure our approach to pricing longevity risk is market‑appropriate, optimise product offerings and processes, manage new business quotes, proposition and basis work, and develop our global centre of competence. You will also support system development to improve efficiency across our work. This is an excellent opportunity for a technically strong individual to join a growing team in an exciting and rewarding environment.

Key Responsibilities

• Support deal origination, manage client relationships and assess deal attractiveness for UK and non‑UK markets.
• Lead new longevity reinsurance quotes as part of quote teams in both the UK and non‑UK markets.
• Support actuarial execution – contractual aspects, model reviews.
• Review pricing assumptions in tenders and broader basis 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 technical and modelling capabilities.
• Share knowledge on market developments and practices through training and knowledge sharing.
• Improve pricing tools and processes to keep the Longevity team competitive.

Competencies

• Drives results (we think big) – consistently achieve results under tough circumstances, making timely decisions using analysis.
• Business insight (we think big) – apply business and market knowledge to advance organisational goals.
• Collaboration (we lead the ‘we’) – bring the right people together, encouraging diversity of opinion while maintaining clarity and unity.
• Client focus (we grow with our clients) – build and maintain strong client relationships, listening to and creating value for them.
• Cultivates innovation (we grow with our clients) – generate new and better ways to succeed, leveraging ideas, efficiencies, and technology.
• Courage (we care and dare) – challenge the status quo, address difficult issues, and operate effectively amid uncertainty.
• Persuades (we are clear and authentic) – use clear, compelling arguments to gain support, while actively listening to diverse views.

Key Skills & Experience

• Nearly or newly qualified actuary.
• Relevant experience in 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 negotiation and partner management skills.
• Quick to grasp new concepts and explain them effectively.
• A team player who will step up and take responsibility.
• Good people‑training skills.

Regulatory & Conduct Requirements

Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.

Benefits

Competitive compensation package, on‑target bonus, 25 days annual leave (plus option to purchase more), private medical insurance, employer‑contributory pension of 10%, and fully paid six‑month family leave.

Diversity, Equity & Inclusion

Munich Re embraces the power of differences at its core. We believe diversity fosters resilience, innovation and enables us to act on our purpose of helping humankind act braver and better. We welcome a workforce that includes a wide range of racial, ethnic, sexual, gender, economic, geographic, physical, age, life, school, career experiences and political, religious, and personal beliefs. We are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Seniority Level

Entry level

Employment Type

Full‑time

Job Function

Finance and Sales

Industry

Insurance

Location

London, England, United Kingdom