Swiss Re
Location
München | Germany
Job description
About the Role
As (Senior) Pricing & Products Actuary L&H, based in Munich and reporting to the Head Pricing & Products L&H Continental Europe, you will lead technical and actuarial aspects of the relationship with distribution partners in Germany. You will be responsible for pricing, referral and final sign-off for existing and newly developed insurance products. You will prepare end-customer premium rates and ensure that the agreed rates are correctly implemented in the respective administration systems. Together with the Insurance Product Manager and Literature managers in Germany, and another Senior Pricing & Products Actuary, you will ensure that our insurance proposition (Products and Pricing) provides good customer value.
It will also be your responsibility to prepare and maintain the pricing assumption basis for our German business. You will support the Distribution team in business performance steering and distribution partner management. Working with our tight-knit German Partner Core Team, you will also collaborate closely with various experts including Underwriting, Claims, Finance, Operations, Valuation and Risk Management.
You will be required to have in-depth knowledge of the German L&H primary insurance protection market. Including awareness of the legal and regulatory framework. In addition, you will review pricing work performed by other Pricing & Products Actuary for other markets across EMEA.
Key responsibilities are:
Deliver pricing, referral and final sign-off of German protection products (Term Life, Whole of Life, and associated rider benefits) balancing commercial and customer value
Drive business cases and new partnerships, in collaboration with the Distribution team
Contribute to product development, design, and expansion
Develop and maintain costing tools/models
Specify and test products
Monitor the existing portfolio
Review customer literature and distribution contract
About the Team
We are a diverse, talented group of people, who delivers L&H primary insurance proposition (Product development and Pricing) in multiple countries. The Pricing & Products L&H Continental Europe team consists of 9 colleagues based across 5 locations in Europe.
About You
We expect you to be:
A qualified Actuary with experience in L&H pricing in the German primary insurance market, including use of cashflow pricing models (level of experience will determine if the successful candidate is a Senior Pricing & Products Actuary)
Deeply knowledgeable about life insurance and know how to technically implement solutions and products
Commercially minded
Client centric with experience working with external distributors
Fluent in English and German with excellent oral and written communication skills. Other main European languages are an advantage.
Proficient in MS Excel. Programming experience in VBA and/or R is beneficial.
A team player who is passionate about the success of the business
Comfortable in a dynamic and fast-moving environment
Able to present complex topics clearly to a variety of stakeholders
Self-motivated with an ability to work under pressure
You are:
Able to show integrity and consumer awareness
Enthusiastic about working with international colleagues in a multi-cultural environment
Comfortable handling multiple deliverables and with re-prioritisation
Collaborative, engaging and positive
A fast learner able to grasp complex processes and projects
Willing to actively engage in discussions and voice opinions
Committed to quality, accuracy and speed
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Job tags
Salary
