Life Actuarial Pricing Specialist

1 month ago


Johannesburg, Gauteng, South Africa Munich Re Full time
Actuarial Pricing Analyst - Life Insurance

We are seeking an experienced Actuarial Pricing Analyst to join our Life Retail Product and Pricing department. As a key member of our team, you will be responsible for performing experience reviews and pricing for all regions, ensuring that Munich Re's actuarial and risk management standards are met.

Your Role:
  • Perform experience reviews and pricing for all regions
  • Price new business, new initiatives, and product development
  • Lead/participate in various projects undertaken by the life team, such as tenders, specific client projects, and experience analyses
  • Coordinate and collaborate with client managers, underwriting, claims, valuations, and operations to deliver product propositions
  • Support the client management strategy, including research and accompanying client managers as the pricing expert
  • Support the Head of the Retail Pricing team and the Head of the Retail team in providing high-quality actuarial consulting services to clients in the area of pricing, product development, and risk management
Your Profile:
  • 4+ years of relevant experience in Life reinsurance or insurance business
  • Newly or nearly qualified actuary
  • Pricing experience with sound technical understanding of Life products, including mortality and morbidity rate setting and experience
  • Good experience with actuarial modeling packages, Excel, VBA, SQL, and Power BI
  • Good verbal, communication, presentation, and negotiation skills

Munich Re is committed to embracing and valuing the interaction of diverse backgrounds, experiences, perspectives, and thought. This interaction is the foundation of our open culture and spirit of partnership, shaping how our teams are built and cultivated and how we are supported and developed.



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