Pricing Manager; Protection

Together, we engage with everything we have and are, to help humankind act braver and better.

With the office in London, 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. We understand that 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.

So we need a smart strategy and structure in order to succeed.

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 be a manager within the Protection Pricing team. You will have line management responsibility and will check and review the work of other colleagues within the team.

The team delivers Protection quotes (which includes both production of data/Biometric analysis and Pricing deliverables); support with client queries and changes on existing open to new business treaties; monitor performance of open to new business treaties; monitoring of experience on inforce treaties for reporting purposes; supporting the Basis development team in the review of assumptions for both existing and new propositions;

and support the Infrastructure and Tools team with continued improvement and maintenance of our tools and processes. The team will also support the commercial Protection team on other related activities including new product and proposition development.

• Be an important technical expert within the team across Pricing and Biometric elements, developing technical expertise relevant to reinsurance pricing for Protection business.
• Input in to Head of Protection Pricing to support the planning and prioritisation of the team.
• Represent the team and communicate results to senior management and other departments.
• Oversee the delivering of accurate work. Checking and peer reviewing other team members' work and providing guidance to more junior members of the team.
• Checking and reviewing work that's produced by the team, which includes taking a leading role in the delivery of quotes and projects, ensuring the accurate use of data and production of experience analysis, setting of appropriate Pricing assumptions and supporting the negotiation of commercial terms.
• Understand and be able to explain the financial implications, across all appropriate metrics, of decisions made. Ensuring the right balance between commercial needs and risk is achieved.
• Develop client-focused relationships with the Protection department and construct an important branch wide network of contacts.
• Contribute to the team's ongoing drive to ensure we are the most efficient we can be by proposing and supporting improvements to Pricing tools and process' and embracing new technology.
• Support the development of the Protection basis and assumptions.
• Where required provide technical input into the development of new Protection propositions and support the Protection department on their activities.
• Input in to discussions with the Head of Protection Pricing and other managers to help set the direction of the team, inputting into non-technical topics (including people and culture).
• Develop and maintain an understanding of the Protection market.

Strategic mindset (we think big) – you look, plan and move into the future with clear intentions and purposeful actions, seeking regular feedback, that allows you to make decisions today that will lead the business towards its future commitments.

Ensures accountability (we lead the ‘we’) – you hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their…