Actuarial Pricing Analyst

1 week ago

Sydney, New South Wales, Australia Munich Re Full time

**Actuarial Pricing Analyst**:
Career Level 2

**Location**
Sydney, Australia

The Commercial team oversees Munich Re Australia's (MRA) client relationships, with a focus on Retail and Direct insurance. The team provides advice to all aspects of pricing, product design, claims and underwriting. The team also brings Munich Re's global insights and capabilities to the Australian and New Zealand market.

The Pricing Analyst reports to the Pricing Manager.

Your job
- **Actuarial Analysis - **Provision of actuarial analysis, modelling, reporting and documentation in support of:

- Repricing of existing business
- Transactions to improve the existing business, including recaptures
- PDS, policy, treaty or manual reviews
- **Modelling - **Maintain and enhance actuarial pricing models to improve efficiency, accuracy, controls and outputs from actuarial pricing models
- **Technical Reviews - **Review documentation (e.g. client material such as PDS or policy wording, or MRA documents such as treaties and manuals) for technical accuracy and actuarial analysis of peers, as required
- **Stakeholder Management and Collaboration - **Work with stakeholders including the wider pricing team, valuation, data transformation team and other areas of the business. Proactively collaborate with internal stakeholders to ensure effective knowledge-sharing and support of initiatives and projects
- **Continuous Development - **Maintain knowledge of current actuarial developments and developments in the insurance industry, by:

- Progress with Institute exams
- Attending sessional meetings
- Continuing Professional Development

**Profile**:

- Tertiary degree (major in actuarial studies/science)
- Progress towards qualification as a Fellow of the Institute of Actuaries of Australia
- Some actuarial pricing experience (preferred)
- Knowledge of the Life Insurance Acts in Australia and New Zealand, likely to be developed through classroom training
- Familiarity with Australian individual risk (Retail and Direct) products, e.g. product features, benefits, pricing, reserving
- Some understanding of current market environment and topical issues

**Our Benefits**
- We have many attractive benefits to offer you, including 16% superannuation
- Enjoy increased annual leave entitlements
- Work flexibly from home and our fantastic office in the CBD

About us

You will work in an environment where we aspire to think big: Change and culture are challenged. We communicate a compelling and shared purpose 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 aim to communicate in a clear & authentic way. We solicit feedback, ask and listen, learn and unlearn.

We lead the We: We have a passion for winning and growing as a team. We inspire people to deliver a joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged.

Sarah Burgess

Talent Manager-
At Munich Re, we embrace and value the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

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