Data Scientist - Pricing

We are currently looking for a Data Scientist - Pricing to be based in Madrid on a full-time basis, reporting into the European HUB Pricing Manager.

You will be responsible for supporting the Pricing function’s evolution into a data-driven function within the Global Markets Pricing team in Madrid, applying data science and database techniques to pricing data and driving process automation to improve forecasting, decision-making, reporting and operational efficiency.

You will help collect, organise and analyse pricing and underwriting data from various sources, build well-structured databases, and develop predictive and analytical models and dashboards that clearly communicate insights to stakeholders.

You will collaborate closely with the underwriting team supporting the Chief of Underwriting, the Country Heads and the London and Munich Actuarial teams.

Responsibilities

• Develop Power BI dashboards and reports that clearly communicate insights to stakeholders.
• Collect, organise and analyse pricing and underwriting data from various sources across the Pricing team to derive insights that inform business decisions.
• Build predictive and analytical models to identify key pricing and rating risk factors, improving forecasting and decision-making accuracy.
• Design, build and maintain well-structured databases to support scalable pricing tools.
• Support the build and maintenance of rating engine structures and underlying databases in HX Renew and other pricing platforms.
• Collaborate closely with the Pricing team to identify areas where data-driven insights and automation can improve their operations.
• Work with the IT team to ensure that pricing data is stored and analysed securely, with sound database design and management.
• Maintain clear documentation of data sources, processes and models to support audit, governance and knowledge-sharing.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

• At least 3 years of experience in a data science, data analytics or database-focused role, preferably within the insurance industry.
• Strong knowledge of databases and SQL, with practical experience designing, building and querying relational databases.
• Working knowledge of Power BI; experience with Databricks or similar big data platforms is a plus.
• Experience building predictive and analytical models to support business decision-making.
• Solid understanding of, or strong interest in, pricing/actuarial processes and data.
• Strong business acumen and communication skills, with the ability to translate complex data and analysis into clear, actionable insights for both technical and business stakeholders.
• Experience with HX Renew or similar pricing platforms, and exposure to data governance or data quality practices, is a plus.

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re’s success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals., At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.