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Senior Pricing Analyst

Location Madrid, Spain Job type Full-Time Work mode Hybrid Job level Professional Job ID 10552 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Actuarial & Risk Management
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At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.     

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Senior Pricing Analyst 
We are looking to employ a Senior Pricing Analyst to be based in Spain, Madrid. You will support the provision of actuarial pricing support to MRSL. 

You will work closely with underwriting, data, and strategy teams to design, implement, and refine pricing models and frameworks that support profitable growth and innovation.

Responsibilities

  • Working closely with the MRS-GM pricing team based in London along with Underwriters based in London, Ireland, Spain and Germany to develop a robust pricing framework supporting the European expansion project.
  • Assess current available pricing models and their suitability for the proposed portfolios
  • Develop and implement pricing models for new lines of business, ensuring alignment with underwriting strategy and risk appetite. Initially focusing on Property and Property & Casualty (P&C) combined products
  • Collaborate with underwriting, claims, and data teams to gather insights and ensure robust data quality and assumptions
  • Support the build-out of pricing infrastructure, tools, and governance frameworks in new office locations
  • Production and review of pricing and portfolio management information to enable the performance monitoring of new portfolios
  • Investigation and utilisation of alternative data sources for parameterisation of pricing models
  • 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

Knowledge and Skills

  • Pricing experience in General Insurance
  • Experience with Property insurance and/or P&C combined products 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
  • Knowledge and understanding of FCA and/or European regulations
  • Knowledge and understanding of the underlying principles of insurance and reinsurance

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Diversity, Equity & Inclusion 
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs.

Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow 

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Benefits
•    25 days Annual Leave + bank holidays 
•    10% Non-contributory Pension 
•    Eligibility for an Annual Bonus
•    Private Medical + Dental Insurance
•    Critical illness insurance + Life Assurance + Permanent Health Insurance 
•    Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility) 
•    Electric Vehicle Salary Sacrifice Scheme
•    Study & continuing Professional Development Support
•    Hybrid Working + IT Home Set-up Support 

#BePresent #BeBold #BeCurious 

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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