Predictive Analytics Lead

Together, we engage with everything we have and is, 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 role holder is responsible for defining and leading the delivery of UKLB’s Predictive Analytics initiative to support growth across all its lines of business by developing predictive models and harnessing data driven insights to meet our 2030 ambitions.

Key Responsibilities:

• Define and deliver the Predictive Analytics roadmap to deliver data driven stakeholder value for UKLB and our clients.
• Establish and lead a mature Predictive Analytics function by upskilling individuals, championing innovative approaches to data analysis and interpretation, and driving the adoption of advanced modelling techniques to enhance decision-making and business outcomes.
• Provision of advanced pensioner demographics and mortality basis based on optimal exploitation of newly acquired data sets, enhancing accuracy and efficiency to expand the overall Longevity business portfolio.
• Support the development of Protection pricing bases by integrating predictive analytics and new data-driven techniques into modelling approaches, improving insight, and pricing robustness.
• Management of our internal data pools, ensuring they are effectively maintained and leveraged to deliver maximum analytical and business value.
• Identify potential solutions to support Protection Business Development on new propositions across underwriting, claims and distribution where Predictive Analytics can deliver new insights and solutions to reduce friction.
• Conceptualise and offer analytics products and services to internal and external stakeholders along the whole value chain by using statistical methods, for example, GLMs / GAMs / Machine Learning.
• Lead the creation and adoption of innovative analytical techniques, building tools and embedding them to strengthen data-driven decision making for Pricing purposes.
• Development of culture, policies and strategy relating to predictive analytics for Pricing and Terms of Trade review.
• Collaborate with cross-functional and regional teams to promote data-driven decision-making culture, and provide training and support to employees on data analytics best practices.
• Establish and maintain robust data and analytics governance frameworks, policies, and procedures to ensure quality, security, and compliance with industry regulations.
• Support the wider Basis Development team on their priorities and initiatives where required.

Competencies:

Drives engagement (we think big) – you create a climate where individuals understand team commitments and the Company ambition. They understand how their role contributes to both and you create an environment where they feel motivated and inspired.

Builds effective teams (we lead the ‘we’) – you build strong-identity teams that work collaboratively, applying their diverse skills and perspectives to achieve common commitments.

Values differences (we lead the ‘we’) – you recognise the value that different thoughts, generations, cultures and experiences bring to your team, business unit and wider across the Group. Thus, ensuring that team dynamics are diverse and inclusive.

Balances stakeholders (we grow with our clients) – you can anticipate and balance the needs ofmultiple stakeholders (internal and external), prioritising effectively, challenging appropriately and ensuring value is provided.

Situational adaptability (we care and dare) – you recognise the need to be flexible and adapt your approach depending on the situation. Whether you are a people manager or technical expert, you lead with empathy, whilst appropriately identifying when to take a stand against complacency and conformity.

Develops talent (we care and dare) – you develop talent to meet both their personal and professional goals, but also the organisation’s goals, identifying opportunities and supporting managers in your team to develop their direct reports (for technical experts this would involve supporting the development of talent).

Instils trust (we are clear and authentic) – you gain the confidence and trust of others through honesty, integrity and authenticity, building strong relationships and inspiring those around you.

Key Skills & Experience:

• Several years of experience in key aspects of data analytics within Life and Health reinsurance, including actuarial concepts, risk assessment, and pricing methodologies.
• Deep expertise in data manipulation, statistical analysis, and predictive modelling using tools such as R, Python, SAS, or similar Experience.
• Effective written and spoken communication and senior stakeholder management.
• Excellent communication and presentation skills
• Ability to communicate technical concepts to different audiences.
• Consulting or project management experience is a plus.
• Flexibility and bringing a curious and creative mindset.

Qualifications and Educational Requirements:

• Qualified Actuary, or significant actuarial experience

People Leader:

• 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 responsible for recruiting new talent within your team, in addition to other people management responsibilities such as task management, providing regular feedback, having continuous conversations, development planning/career discussions etc.
• You are also responsible for driving the performance of your team to meet the business’ strategic goals and objectives.
• You will consider the impact on the wider business when planning and making decisions.
• The development of your team is of significant importance to you, you embrace and promote development and act as a Talent Broker, continuously looking for opportunities for them to expand their skills, knowledge and experience.

Thought Leader:

• 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.

Regulatory & Conduct Requirements:

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

• 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 paid6months family leave for times when you need it the most.

About us

You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning

You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders

We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn

You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions

We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged

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.

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