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Munich Re

Claims Manager - Delegated Authority

London
$144k – $168k/yr
Posted 18 days ago
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Senior Actuarial Associate

The Senior Actuarial Associate supports the Individual Life business function in pricing new opportunities, reviewing models and assumptions, managing inforce business, and conducting market research.

Your Job

Pricing new opportunities

  • Manage client initiatives to understand key risks and set appropriate prices
  • Build models to analyze profitability of potential deals
  • Summarize results and communicate to Senior Management
  • Review models built by others

Managing Inforce Business

  • Review existing business to understand drivers of profitability

Reviewing Models and Assumptions

  • Maintain model templates and develop tools to improve efficiency
  • Perform analysis of actuarial assumption updates

Conducting Market Research

  • Perform research on market trends among clients and competitors

Your Profile

  • Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
  • 3+ years actuarial employment in the life insurance/reinsurance industry
  • ASA designation with progress towards FSA
  • Life insurance or reinsurance knowledge preferred
  • Insurance or reinsurance pricing knowledge preferred
  • Ability to learn how to efficiently use various software packages (AXIS for pricing, Microsoft Excel, SQL).
  • Ability to communicate output/results effectively

Reasons to use Rodeo

I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?

Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.

Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.

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Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.

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Graduate Consultant — 2026 Scheme

PwC·London, UK
£35,000/yr

Why you're a good match

Strong

Your economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.

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It searches the market for you

Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.

Why you're a good match

You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.

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Strong

Experience fit

Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.

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Strong

Only hits

No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.

Our Benefits

  • Comprehensive Medical Plans
  • PTO and Family Leave
  • Retirement Savings Plans
  • Dental and Vision Plans
  • Life and Disability insurance
  • Employee Assistance Program
  • Adoption Assistance
  • Wellness Programs - Calm, WW, SoFI, Virgin Pulse
  • Commuter Benefits
  • FSA and HSA Plans
  • Hospital Indemnity, Critical Illness and Accident Plans

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us.

Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better.

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As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

For New York City based employees, the base salary range anticipated for this position is $144,000 to $168,000, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

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Skills

Actuarial Science
Pricing
Modeling
Profitability Analysis
Market Research
Risk Management
Communication
SQL
Microsoft Excel
Life Insurance
Reinsurance
Assumptions Review
Efficiency Improvement
Client Initiatives
Data Analysis
Software Proficiency

Location

London, England, United Kingdom

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