Senior Pricing Analyst

 

Description:


We are looking to employ a Senior Pricing Analyst to be based in London, Manchester or Birmingham and to work with us on a full-time basis. You will support the provision of actuarial pricing support to MRSL.

Responsibilities
 

  • Effectively manage, mentor and support junior analyst as required, including managing their time, providing training and reviewing their work as required
  • Work independently on individual pricing assessments of large risks and binder reviews, including clear communication of results to the underwriters
  • 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
  • Construction, review and maintenance of pricing models for varied classes of business
  • Analysis of pricing model data including parameter validations
  • Support for syndicate business planning process
  • Production and review of pricing management information
  • New business initiative analyses and independent reviews
  • Investigation and utilisation of alternative data sources for parameterisation of pricing models
  • Support underwriting within depth portfolio analyses and performance management
  • 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.
  • Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

     

Knowledge And Skills
 

  • Pricing experience in the London Market
  • Experience with Marine and/or Specialty insurance an advantage
  • Highly developed mathematical / statistical knowledge in (re)insurance
  • Effective communication skills and ability to translate complex models in business terms
  • Strong business acumen and interpersonal skills
  • Team player and willingness to train junior members in the team
  • Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment
  • Knowledge of a range of modelling techniques and applications for pricing
  • Current Lloyd’s market knowledge
  • Willingness to continue to develop knowledge of any pricing related matters.
  • Knowledge and understanding of FCA regulations and Lloyd’s standards
  • Knowledge and understanding of the underlying principles of insurance and reinsurance
  • Education and Professional Qualifications Required / (preferred)
  • University degree in Mathematics, Actuarial Science, Statistics, Economics or similar discipline.

Organization Munich Re
Industry Accounting / Finance / Audit Jobs
Occupational Category Senior Pricing Analyst
Job Location London,UK
Shift Type Morning
Job Type Full Time
Gender No Preference
Career Level Intermediate
Experience 2 Years
Posted at 2025-01-09 5:42 pm
Expires on 2025-02-23