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Pricing Developer

Location Madrid, Spain Job type Full-Time Work mode Hybrid Job level Professional Job ID 14333 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Actuarial & Risk Management
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 About us

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.  

Please see our website for more information.

Pricing Developer

We are currently looking for a Pricing Developer to be based in Madrid on a full-time basis, reporting into the European HUB Pricing Manager.

You will be responsible for providing technical support to the Global Markets Pricing tools project from the Madrid Hub, getting involved with the build of the rating engine and UI, including work on platforms such as HX Renew.

You will also support the Pricing team with their data-focused tasks, including improving the standard of pricing-related data insights and the management information produced by the team.

You will collaborate closely with the Pricing team and other core project team members, including the transformation project manager and IT architects, to help ensure a successful outcome for the project.

Responsibilities

  • Help to build the rating engine structures in the new platform, using Python coding as the core tool for replicating the rating calculations as used in the existing Excel based pricing tools.
  • Investigate the available libraries and modules to find the most efficient way to structure, develop and execute the code.
  • Collaborate closely with the Pricing team to ensure full understanding of the rating structure requirements.
  • Review and test coding developed by other core team members.
  • Work closely with the IT architects to ensure that any data connections developed as part of the model build comply with IT standards.
  • Support the Pricing team with any Deep dive analyses to enhance their data-driven insights.
  • Develop Power BI MI dashboards and reports to provide KPIs, segmentation analysis and data insights to stakeholders.
  • Stay up-to-date with industry trends and emerging technologies that could impact the insurance industry.

Knowledge and Skills

  • At least 2 years of experience in a Python development or data-focused role, preferably within the insurance industry.
  • Strong, advanced knowledge of Python development.
  • Working knowledge of SQL and experience building Power BI dashboards and reports.
  • Experience working with large data sets and data analysis tools.
  • Experience with HX Renew is desirable.
  • Strong business acumen, with the ability to translate technical and transformation work into practical business terms.
  • Strong communication skills, with the ability to clearly explain technical changes, transformation progress and data-driven insights to a range of stakeholders, both technical and non-technical.
  • Experience working within a Pricing or Actuarial function is a plus.

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.

Learn more about sustainability at Munich Re – choose your impact! 

#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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