Economics jobs in Ireland

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

With the office 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.

You will be a manager within the Protection Pricing team. You will have line management responsibility and will check and review the work of other colleagues within the team.

The team delivers Protection quotes (which includes both production of data/Biometric analysis and Pricing deliverables); support with client queries and changes on existing open to new business treaties; monitor performance of open to new business treaties; monitoring of experience on inforce treaties for reporting purposes; supporting the Basis development team in the review of assumptions for both existing and new propositions; and support the Infrastructure and Tools team with continued improvement and maintenance of our tools and processes. The team will also support the commercial Protection team on other related activities including new product and proposition development.

• Be an important technical expert within the team across Pricing and Biometric elements, developing technical expertise relevant to reinsurance pricing for Protection business.
• Input in to Head of Protection Pricing to support the planning and prioritisation of the team.
• Represent the team and communicate results to senior management and other departments.
• Oversee the delivering of accurate work. Checking and peer reviewing other team members’ work and providing guidance to more junior members of the team.
• Checking and reviewing work that's produced by the team, which includes taking a leading role in the delivery of quotes and projects, ensuring the accurate use of data and production of experience analysis, setting of appropriate Pricing assumptions and supporting the negotiation of commercial terms.
• Understand and be able to explain the financial implications, across all appropriate metrics, of decisions made. Ensuring the right balance between commercial needs and risk is achieved.
• Develop client-focused relationships with the Protection department and construct an important branch wide network of contacts.
• Contribute to the team's ongoing drive to ensure we are the most efficient we can be by proposing and supporting improvements to Pricing tools and processes and embracing new technology.
• Support the development of the Protection basis and assumptions.
• Where required provide technical input into the development of new Protection propositions and support the Protection department on their activities.
• Input in to discussions with the Head of Protection Pricing and other managers to help set the direction of the team, inputting into non-technical topics (including people and culture).
• Develop and maintain an understanding of the Protection market.

you look, plan and move into the future with clear intentions and purposeful actions, seeking regular feedback, that allows you to make decisions today that will lead the business towards its future commitments.

you hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their decisions and actions and appreciate how they contribute to the team/organisation commitments.

you make sense of complex and sometimes contradictory information to effectively solve problems, learning and sharing along the way.

you know when to lead and when to let others lead, providing direction and delegating to others, empowering and trusting them to achieve their commitments.

you develop the team to meet their career ambitions, building capability at an individual and organisational level, preparing them for future opportunities. You discuss feedback and development regularly and promote a diverse and inclusive workforce.

setbacks are unavoidable; however, you recover quickly, seek feedback, learn and unlearn and move forward with courage and commitment.

• Knowledge or experience of the UK Protection market.
• Experience managing or providing leadership to other colleagues either directly through line management or indirectly on work, providing feedback and supporting with development.
• Knowledge of Protection Pricing processes, including experience analysis production/analysis, assumptions setting and modelling methodology. Prior Pricing experience and in particular experience with reinsurance pricing is preferable.
• Good analytical skills and ability to make judgement calls where there is uncertainty.
• Ability to communicate technical concepts effectively to colleagues from with varying levels of knowledge.
• Confidence to challenge peers and manage upwards.
• Effective at dealing with stakeholders from a variety of technical backgrounds and levels of seniority.
• Can build an understanding of internal and external client strategy and needs.
• Strong computer literacy, particularly in Microsoft Excel & Word skills but also experience with R, Python, Basic VBA or similar programming. Experience with Power BI is desirable.

• Qualified Actuary

You are aware of your role (as a leader) in being able to influence your team structure and culture to promote principles of diversity and inclusion.

You strive to continuously educate yourself on best practice for inclusive leadership.

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

You support a culture in which high ethical conduct is recognised, valued and embodied by all.

You treat everyone fairly and with respect.

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.

In addition to the responsibilities set out above, the individual will also become responsible for ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.

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 6 months family leave for times when you need it the most.

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.