Actuarial Analyst - Longevity

CompanyMunich Re

LocationLondon, England, United Kingdom

Posted At1/22/2026

UK Visa Sponsorship Analytics

Occupation Type

Actuaries, economists and statisticians

Occupation Code Skill LevelHigher Skilled

Sponsorship Salary Threshold

£55,100 (£28.26 per hour)

Occupation rate applies

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Description

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

About UK Life Branch:

About UK Life Branch:

With the offices in London, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. So we need a smart strategy and structure in order to succeed.

At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it’s important to look at the big picture.

In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world’s largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable.

About the role:

The Longevity Actuary has an important role in helping the Longevity team in securing profitable new business by being a pricing and process expert. You will help ensure our approach to pricing longevity risk is market appropriate, and that our product offerings and processes are optimised. The Longevity Actuary will support the wider team across the range of actuarial work we complete, including checking new business quotes, proposition and basis work and further developing our global centre of competence role. You will also support with system development to ensure we continue to improve efficiency across our work. This is a great opportunity for a technically strong individual to join a growing team in an exciting and rewarding environment.

Key Responsibilities:

Support on deal origination, managing client relationships and assess deal attractiveness for both UK and non-UK markets
Lead new longevity reinsurance quotes as part of quote teams in both the UK and non-UK markets
Support executions on actuarial side – contractual aspects, model reviews.
Review pricing assumptions in tenders and the wider basis related discussions

Support enhancements to UK basis, proposition and market offering

Develop an in-depth understanding of our pricing approach to support the wider team with your technical and modelling capabilities

Share your knowledge on market developments and practices with the team through training and knowledge sharing

Improve pricing tools and processes to ensure the Longevity team's stays competitive.

Competencies:

Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.

Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.

Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.

Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.

Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.

Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.

Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.

Key Skills & Experience:

Essential

Nearly or newly qualified actuary
Relevant experience of the bulk annuity market and longevity swap pricing

Commercially aware with an understanding of DB de-risking offerings in the market

Good modelling skills (Excel / VBA / other languages advantageous)

Strong communicator with good negotiation and partner management skills

Quick to grasp new concepts, and able to explain them effectively to others

A team player who will step up and take responsibility.

Good people training skills

Thought Leaders:

You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.

You will treat your colleagues and sales and business partners fairly and with respect.

Regulatory & Conduct Requirements:

Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules

Benefits

You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are one of the few employers to offer fully paid 6months family leave for times when you need it the most.

Diversity, Equity & Inclusion

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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.

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!

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.