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- Tasks: Lead a team to deliver high-quality pricing analysis for insurance quotes.
- Company: Join Pacific Life Re, a global leader in insurance solutions with a vibrant team culture.
- Benefits: Enjoy perks like a stakeholder pension scheme, private medical insurance, and wellness benefits.
- Why this job: Be part of an innovative team that values creativity and supports your professional growth.
- Qualifications: Qualified actuary with experience in life insurance and strong analytical skills required.
- Other info: Flexible work-life balance with regular team-building activities and community involvement opportunities.
The predicted salary is between 48000 - 72000 £ per year.
The Savings & Retirement Insurance Pricing team are responsible for producing the best estimate insurance assumptions and insurance capital assumptions for clients in our global markets. The team responsibilities are across Pension Risk transfer, Individual Retirement and Savings for Retirement products. We are looking to hire an AVP for our Insurance pricing team. They will be responsible for supporting our Netherlands clients through tender activity and ongoing technical/pricing work. They will also be responsible for managing the SLA pricing work on our UK flow treaties and managing the data preparation team. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.
You will lead a team of quote managers and quote teams to deliver high quality pricing analysis on quote opportunities, primarily for the Netherlands market, and also lead on various insurance pricing initiatives and projects. As an influential and innovative actuary, the role holder will be managing the production of quotes for clients. Your expertise in pricing, product development and experience analysis will support you as you work alongside the client solutions and deal pricing teams to deliver creative solutions to meet the needs of our clients. You will be responsible for delivering high quality pricing analysis on quote opportunities for clients and leading multiple opportunities in parallel through the internal governance process gaining significant visibility with the S&R Leadership Team, COO and CEO. As a creative thinker the role holder will support the development of PLRe pricing sophistication by understanding latest pricing and analytical techniques and continuously improving internal approaches.
Key responsibilities
- Develop a high quality and market leading pricing quote teams ensuring high levels of technical and market expertise.
- Be a key contributor to the S&R Insurance Pricing Team management.
- Maintain a thorough and up to date knowledge of insurance pricing and of industry trends.
- Responsible for ensuring those developments are considered and where appropriate reflected in the pricing of savings and retirement business as well as in the provision of technical support, risk assessment and pricing expertise to clients and colleagues.
- Ensure strong risk controls continue to be at the core of the processes and team culture.
- Support in the development of pricing methodologies and approaches, together with supporting timely implementation of treaties for Valuation purposes.
- Responsible for coaching and developing members of the insurance pricing team, to achieve team and company goals and individual performance standards.
- Support the Client Solutions team in building in new business acquisition, maintaining effective relationships with clients and promoting the Pacific Life Re brand.
- Supporting internal strategic projects including but not limited to the improvement of pricing processes, assessment of new rating factors for use in Pricing and working closely with R&D.
- Working closely with the Deal pricing team on our overall quote proposition to deliver the best solutions for our clients.
Qualifications & Experience
The successful candidate will:
- Be a qualified actuary with relevant post qualified experience.
- Have strong and relevant experience in life (re)insurance and/or life consultancy, ideally with strong statistical pricing role.
- Have good knowledge of S&R products and associated insurance risks.
- Have strong analytical skills, combined with sound judgement and commercial awareness, to produce justifiable and practical pricing advice even where data is sparse or difficult to work with.
- Have a good understanding of the UK and global insurance market and savings & retirement products.
- Enable the development of junior members of the team, and encourage ownership and responsibility for their individual task in respect of the S&R line of business.
Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes. Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits (Only for Permanent and Fixed Term Employees)
- Stakeholder Pension Scheme
- Life Assurance
- Subsidised Gym Membership
- Private Medical Insurance
- Season Ticket Loan
- Eye Care
- Employee Assistance Programme
- Group Income Protection
- Wellness Benefits
As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
AVP, Insurance Pricing, S&R employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AVP, Insurance Pricing, S&R
✨Tip Number 1
Familiarise yourself with the latest trends in insurance pricing and the specific products related to savings and retirement. This knowledge will not only help you stand out during discussions but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the insurance and actuarial fields, especially those who have experience in the Netherlands market. Engaging with industry peers can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Prepare to discuss your experience in managing teams and projects, particularly in high-pressure environments. Highlighting your leadership skills and ability to deliver under tight deadlines will resonate well with the expectations for this role.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss specific examples where you've successfully tackled complex pricing challenges. This will illustrate your problem-solving abilities and your capacity to provide practical pricing advice, which is crucial for this position.
We think you need these skills to ace AVP, Insurance Pricing, S&R
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in insurance pricing and actuarial roles. Emphasise any relevant qualifications, particularly your status as a qualified actuary, and showcase your analytical skills and knowledge of S&R products.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the AVP position and how your background aligns with the responsibilities outlined in the job description. Mention specific experiences that demonstrate your ability to lead teams and deliver high-quality pricing analysis.
Showcase Your Leadership Skills: Highlight any previous experience managing teams or projects. Discuss how you have coached junior members and contributed to team goals, as this is a key aspect of the role.
Demonstrate Industry Knowledge: Include insights about current trends in the insurance market and how they relate to pricing strategies. This will show your understanding of the industry and your ability to adapt to changes, which is crucial for the role.
How to prepare for a job interview at Pacific Life Re
✨Showcase Your Actuarial Expertise
As a qualified actuary, it's crucial to demonstrate your deep understanding of insurance pricing and the relevant statistical methods. Be prepared to discuss specific examples from your experience that highlight your analytical skills and how you've applied them in real-world scenarios.
✨Understand the Market Trends
Familiarise yourself with the latest trends in the UK and global insurance markets, particularly in savings and retirement products. This knowledge will not only impress your interviewers but also show that you are proactive and engaged with the industry.
✨Prepare for Technical Questions
Expect technical questions related to pricing methodologies and risk assessment. Brush up on your knowledge of current pricing techniques and be ready to explain how you would apply them to improve internal processes or client solutions.
✨Demonstrate Leadership Skills
Since the role involves managing teams, be prepared to discuss your leadership style and experiences. Share examples of how you've coached team members, fostered collaboration, and driven projects to success, especially in high-pressure situations.
