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

About UK Life Branch:

With the office in Munich, 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 In-Force Analyst has a key role in supporting the delivery of efficient In-Force Longevity portfolio management by co-ordinating each deal through the onboarding phase, managing suppliers and internal stakeholders to high standards of documentation and on-time delivery and reconciling pension benefit calculations.

You will work alongside the Head of In-force and the Longevity and Data teams to ensure the tasks involved in managing, developing and protecting our existing Longevity portfolio are delivered, as well as supporting the delivery of profitable new business opportunities and project work as needed.

This is a great opportunity for an ambitious and organised analytical individual to join a highly successful, friendly team in an exciting, challenging and rewarding environment.

Key Responsibilities:

The Longevity In-Force Analyst is primarily responsible for onboarding new and existing deals to our administration platform, managing suppliers and internal stakeholders to high standards of documentation and on-time delivery and reconciling pension benefit calculations.

Deal Onboarding

Identify and document the requirements of each deal for the supplier to implement Draft accompanying legal documentation in relation to each new implementation Clearly and accurately reconcile the results provided by the supplier with the results provided by the client, highlighting any differences to the Client Manager and Data Team for review Liaise with internal stakeholders to ensure all requirements are documented and delivered Produce high quality written summaries of the testing/reconciliation completed, the results, impact etc for approval by the Head of In-Force Day to day contact for the supplier and chair of regular meetings Have oversight of all requirements relating to the administration system Manage both the supplier and internal stakeholders to high standards of documentation and on-time delivery.

General Longevity Team Support

Work with the Head of In-Force to develop and maintain a dashboard report for internal stakeholders showing a snapshot of the current status of each deal and process. Assist with a variety of Longevity projects and work streams. Complete Longevity market research into international markets and track UK developments if required. Support the Head of Longevity with ad-hoc presentations/work as required. Support the promotion of Longevity within the UK office and wider Munich Re Group, including aiding the development of the UK’s position as the centre of excellence for Longevity. Work in conjunction with the other Munich Re and UK Life Branch teams to coordinate & facilitate internal processes and controls.

In addition, the Longevity In-Force Analyst will also be responsible for supporting the Longevity team in the development of profitable new business:

Deal Origination & Development

Support new Longevity transaction due diligence exercises. Assist with execution tasks in respect of new Longevity transactions. Oversee and maintain the deal data base.

Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role.

Competencies:

Nimble learning (we think big) –you actively learn by tackling new problems and trying out new solutions, quickly learning from both successes and failures.

Collaborates (we lead the ‘we’) –you work together with others in your team, the department and wider business (where relevant) to meet shared commitments.

Optimises work processes (we grow with our clients)– you know the most effective and efficient processes to get things done and are constantly assessing how they can be improved.

Resourcefulness (we care and dare) –you find a way to get things done with the best use of the resources available to you, knowing when to ask for support from others, but also offering your support to others where you feel your expertise, knowledge and skills can add value.

Communicates effectively (we are clear and authentic)– you communicate clearly and appropriately with your audience. You also share ideas, learn from others and keep stakeholders informed about progress, problems, opportunities and solutions, soliciting feedback along the way.

Key Skills & Experience:

Essential

Strong numerical and analytical skills Advanced Microsoft Excel skills Excellent communication skills Ability to prioritise various tasks Organisational skills in order to meet deadlines and manage client expectations High quality written material, specifically using PowerPoint and Word.

Desirable

Any of the following:

Experience of the pensions industry Experience with business and/or system change processes, including testing Relevant pensions and / or longevity experience or knowledge, ideally within a B2B environment. Good understanding of DB de-risking offerings in the market Experience of third party supplier relationships

Qualifications and Educational Requirements:

Desirable

Relevant degree (Mathematics, Data Science or similar) or equivalent experience

Thought Leaders:

You will demonstrate 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

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.