Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Pricing Analyst

Location Sydney, Australia Job type Full-Time Work mode Hybrid Job level Graduate & Entry-Level Job ID 11807 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
Apply Now

The Life team provides reinsurance services for the life industry in Australia and New Zealand. The Life team operates in Retail, Group and Direct markets. We have expertise in many areas, such as product, pricing, claims management underwriting.

The Commercial team oversees MRAs client relationships, with a focus on Retail and Direct insurance. The team provides advice to all aspects of pricing, product design, claims and underwriting. The team also brings Munich Re’s global insights and capabilities to the Australian and New Zealand market.

Your Role

  • Actuarial Analysis - Provision of actuarial analysis, modelling, reporting and documentation in support of:
    • Repricing of existing business
    • Transactions to optimise the existing business, including recaptures
    • PDS, policy, treaty or manual reviews
  • Modelling - Maintain and enhance actuarial pricing models to improve efficiency, accuracy, controls and outputs from actuarial pricing models
  • Technical Reviews - Review documentation (e.g. client material such as PDS or policy wording, or MRA documents such as treaties and manuals) for technical accuracy and actuarial analysis of peers, as required
  • Stakeholder Management and Collaboration - Work effectively with stakeholders including the wider pricing team, valuation, data transformation team and other areas of the business. Proactively collaborate with internal stakeholders to ensure effective communication, knowledge-sharing and support of initiatives and projects
  • Continuous Development / Training - Maintain knowledge of current actuarial developments and developments in the insurance industry, by:
    • Progress with Institute exams
    • Attending sessional meetings
    • Continuing Professional Development

Your Profile

  • Tertiary degree (major in actuarial studies/science preferred)
  • Progress towards qualification as a Fellow of the Institute of Actuaries of Australia
  • Some actuarial pricing experience (preferred)
  • Knowledge of the Life Insurance Acts in Australia and New Zealand, likely to
  • be developed through classroom training
  • Familiarity with Australian individual risk (Retail and Direct) products, e.g. product
  • features, benefits, pricing, reserving
  • Some understanding of current market environment and topical issues

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.

Apply Now

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.