At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Pricing Analyst

We are looking to employ an Pricing Analyst to be based in London, Manchester or Birmingham and to work with us on a Full Time basis.

This position will provision of actuarial pricing support to MRSL.

Assist the Property Pricing Manager in providing effective, efficient and reliable Pricing support to the underwriting division, ensuring all pricing related regulations and requirements are adhered to, to assist the business in achieving a profitable and successful operating model Support pricing team in achieving the high standards as indicated within the Lloyd’s oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts Work independently on individual pricing assessments of large or unique risks, or monitoring of Delegated underwriting contracts, including clear communication of results to the underwriters Build, review, maintain and enhance pricing models, striving to achieve the optimum balance between rating integrity and market suitability while considering data availability and user capabilities  Assist in development work – for example to streamline operational processes relating to data management Production and review of pricing management information New business initiative analyses and independent reviews Ensure all advice offered is in line with TAS requirements Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

Knowledge and Skills

Pricing experience, ideally in the London Market  Knowledge and understanding of FCA regulations and Lloyd’s standards Knowledge and understanding of the underlying principles of insurance and reinsurance Highly developed mathematical / statistical knowledge Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment Current Lloyd’s market knowledge Knowledge of a range of modelling techniques and applications for pricing Willingness to continue to develop knowledge of any pricing related matters.

Education and Professional Qualifications 

University degree in Mathematics, Actuarial Science, Statistics, Economics or similar discipline. Progress towards qualification as a fellow of the Institute and Faculty of Actuaries or equivalent international body and / or relevant work experience in a relevant role.

Your career with us

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!