L&H Pricing Actuary

Our Pricing team in Madrid supports Munich Re’s business across Southern Europe (Spain, Portugal, Italy, Malta) and Latin America, providing with top‑quality actuarial and risk‑management expertise.

We’re looking for an Actuary to join our Pricing team. In this role, you’ll be involved in pricing Life & Health reinsurance business, working closely with the business development units along the region including financial reinsurance. You’ll help shape strategic plans, support innovative reinsurance solutions, and contribute to key projects within the department.

By joining the regional Pricing team, you’ll become part of an international community of Life & Health actuarial experts across Europe and Latin America. From a business perspective, you will report to the Actuarial Pricing Manager.

• Provide technical actuarial support to our clients in the region, with a strong focus on Brazil. You’ll work closely with local colleagues to win new business and strengthen existing partnerships
• Develop, update, and validate best‑estimate assumptions through experience studies and sensitivity analyses
• Build and maintain actuarial models that accurately reflect the technical dimensions and future development of the underlying insurance business
• Partner closely with business specialists to translate actuarial insight into reinsurance proposals and ensure technical soundness and consistency
• Contribute to the monitoring, valuation, and analysis of both existing and new business
• Provide expert inputs on risk assessment
• Collaborate across regions to share knowledge, promote actuarial expertise, and maintain strong international connections

• A degree in statistics, mathematics, or actuarial science, ideally fellow member of an international recognised Actuarial Association
• 5+ years of experience in actuarial functions within life insurance industry
• Demonstrated expertise in advanced statistical analysis, data analytics, and actuarial modelling including coding skills (e.g., Python, R, or similar)
• Previous experience in the Brazilian life insurance market, ideally with exposure to local product features, distribution channels, and regulatory considerations would be highly valued
• Fluency in Portuguese and strong business English. Spanish is a plus

We value candidates who demonstrate:

• Ownership, responsibility, and resilience under time pressure
• Independence and the ability to prioritize effectively
• Team spirit and a willingness to share knowledge
• Solid analytical thinking, with a logical and concise approach and a strong attention to detail.

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.
• Hybrid working: we offer you a very flexible approach.
• Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

At Munich Re, Diversity, Equity, and Inclusion foster…