Global Longevity Development Actuary (Pricing Lead) at Munich Re | GB | Rezi

Global Longevity Development Actuary (Pricing Lead) at Munich Re

Global Longevity Development Actuary (Pricing Lead)

Munich Re · GB

1 weeks ago

Global Longevity Development Actuary (Pricing Lead)

Munich Re · GB

8 days ago
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About the Role

The Global Longevity Development Actuary (Pricing Lead) supports Munich Re's international longevity expansion ambitions by developing and maintaining the technical capability to assess and transact longevity opportunities in global markets. This role combines technical longevity expertise, basis development, pricing support, and strategic project management, potentially including people management, to ensure Munich Re is well-positioned globally.

Responsibilities

  • Support the development and delivery of Munich Re's international longevity market development strategy.
  • Coordinate and deliver the wider GLD mandate across basis development, pricing, and execution activities.
  • Develop and maintain market-testing assumptions and exploratory bases for emerging longevity markets.
  • Support pricing readiness for prospective international longevity opportunities.
  • Develop and maintain methodologies, models, and analytical tools for market assessments and transaction pricing.
  • Ensure Munich Re's longevity pricing tools, methodologies, and analytical capabilities remain fit for purpose, identifying enhancements where required.
  • Support the development of technical assessments, pricing analysis, and recommendations for priority markets.
  • Coordinate technical engagement with local Munich Re offices and central functions regarding longevity opportunities and market developments.
  • Support the preparation of technical papers, pricing analyses, and recommendations for management and governance forums.
  • Maintain awareness of developments in pricing methodologies, competitor approaches, and longevity market practice.
  • 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.

Requirements

  • Experience within longevity, pensions de-risking, life insurance, or reinsurance markets.
  • Strong understanding of longevity pricing and basis development.
  • Strong analytical and problem-solving skills.
  • Ability to assess and communicate complex information clearly.
  • Experience developing assumptions, models, or pricing methodologies.
  • Excellent written and oral communication skills.
  • Ability to work across multiple priorities and projects simultaneously.
  • Strong stakeholder-management skills.
  • Ability to balance technical rigor with commercial judgment.
  • Curious and proactive mindset with an interest in emerging longevity opportunities.
  • Willingness to challenge existing approaches and contribute new ideas.
  • Understanding of international longevity markets.
  • Experience supporting business development or strategic initiatives.
  • Experience working across multiple geographies and cultures.
  • Familiarity with longevity risk-transfer products.
  • Existing network within longevity-related markets.
  • Qualified actuary.
  • Directly relevant actuarial experience of the bulk annuity/longevity swap market, preferably including non-UK markets.
  • Seen as an expert in your field and the 'go to' person for your area of specialism.
  • Seen as a role model/mentor to others, identifying opportunities to share knowledge.
  • Demonstrate and role model inclusive behavior and encourage colleagues to play an active role in creating an inclusive culture.
  • Treat colleagues and sales and business partners fairly and with respect.
  • Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.

Skills

  • Longevity pricing
  • Basis development
  • Analytical skills
  • Problem-solving skills
  • Communication skills
  • Stakeholder management
  • Commercial judgment
  • Strategic mindset
  • Accountability
  • Managing complexity
  • Sponsoring work
  • Developing talent
  • Resilience

Location

  • Munich

Work Type

  • Full-time

Experience Level

  • Senior

Education Level

  • Qualified actuary

Salary/Compensations

  • On target bonus
  • 25 days annual leave with the option to purchase more
  • Private medical insurance
  • Employers' contributory pension of 10%
  • Fully paid 6 months family leave

Benefits

  • Great compensation package
  • On target bonus
  • 25 days annual leave with the option to purchase more
  • Private medical insurance
  • Employers' contributory pension of 10%
  • Fully paid 6 months family leave

About the Company

  • Together, we engage with everything we have and are, to help humankind act braver and better.
  • 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.
  • 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.
  • 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.
  • You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients.
  • We embrace new ways of working using digitalisation to deliver solutions.
  • We lead the We: We have a passion for winning and growing as a team.
  • We inspire people to be capable of joint performance.
  • We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged.
  • At Munich Re, embracing the power of differences is at the core of who we are.
  • 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; economic and geographic backgrounds; physical abilities; ages; 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.

Equal Opportunity

  • If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway.
  • You might just be the candidate we are looking for!
  • 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.