Title:  DA Pricing & Analytics Manager

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

About Great Lakes Insurance SE:

As specialty provider of primary insurance services in the UK, Great Lakes London Branch (“GLLB”) is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia. 

Great Lakes Insurance UK Limited (“GLLS”), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.

About the role:

As part of the Underwriting & Products Team you will be working on the development, approval and monitoring of insurance products with a focus on the pricing and underwriting performance. Within the team, you will be responsible for the review of pricing in our DA business, development of internal MI dashboards and support the team in analysing data relating to each product, including pricing and conduct risk and reaching out to stakeholders with analysis on developments within the products we underwrite.

The Underwriting and Pricing Oversight Manager will bring strong numeric and problem solving skills to the team, and experience of pricing within the insurance industry. You will lend a hand to multiple areas of the business to ensure appropriate oversight of the products distributed by Great Lakes.

Key Responsibilities:

• Responsible for the UK Underwriting and Product Team data analysis and stakeholder engagement to achieve effective data management and insights.
• Providing reports on Underwriting and Product performance for senior management, and internal and external stakeholders including GIPP quarterly and annual attestation.
• Oversight and review of pricing of DA products including analysis of commissions.
• Challenge pricing models, product definitions, and data analytic techniques used during the product approval process for any new products distributed by GLISE.
• Provide feedback on the price and value during the product review process ensuring that our products meet regulatory requirements from a pricing and monitoring perspective.
• Support and add value to the continuous monitoring process for our delegated authority business.
• Work with the Underwriting and Product Teams across London and Munich to collaborate on Analytical Topics.
• Participate in selected quarterly meetings with the respective Business Units or Agents to discuss current performance.

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:

• Experience in personal lines pricing roles
• Data analytics experience with relevant software training
• Strong analytical abilities and organisational skills
• Strong interpersonal skills, a great teammate and highly motivated
• Excellent communication and presentation skills
• University degree in mathematics, statistics, actuarial science, or equivalent technical qualification.

Desired Qualifications and Educational Background:

• Knowledge of Power BI (or other visualisation tools)
• Knowledge of R and/or Python
• University degree in mathematics, statistics, actuarial science, or equivalent technical degree.
• Actuarial qualification (or progression towards) would be advantageous

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:

In addition to the responsibilities set out above, the role/function will also become responsible for:

• Ensure compliance with Insurance Distribution Directive 
• Satisfying all regulatory reporting requirements in collaboration with the reporting function
• Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules

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. 

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.