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- Tasks: Join our team to deliver innovative insurance pricing solutions for clients.
- Company: Pacific Life Re values unique qualities and supports individual ambitions in a dynamic environment.
- Benefits: Enjoy perks like a pension scheme, private medical insurance, and wellness benefits.
- Why this job: Be part of a creative team that thrives on achievement while maintaining a fun work culture.
- Qualifications: Qualified actuary with strong analytical skills and relevant experience in (re)insurance or consultancy.
- Other info: We promote community involvement through charity events and volunteering opportunities.
The predicted salary is between 43200 - 72000 £ per year.
The Savings & Retirement Insurance Pricing team are responsible for producing the best estimate insurance 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 Actuary for our Insurance pricing team. They will be supporting the S&R Line of Business through tender activity and ongoing technical/pricing support. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.
As a proactive and technical actuary, you will be working on a team to deliver Savings and Retirement quotes for clients. Your expertise in pricing and experience analysis will support you as you work alongside the client solutions team to deliver creative solutions and support market growth, whilst meeting the needs of our clients. Working together with the wider pricing team you will deliver high quality pricing analysis on quote opportunities for clients and will present the opportunity through the internal governance process gaining significant visibility with the S&R Leadership Team, COO and CEO. As a creative thinker you will support the development of PLRe pricing sophistication by understanding latest pricing and analytical techniques and continuously improving internal approaches and processes.
Key responsibilities
- Supporting the delivery of new business quotations for the S&R line of business
- Analysing experience data to determine trends in order to derive the technical pricing basis.
- Communicating results/findings to stakeholders across the business
- Maintain a thorough and up to date knowledge of A&R pricing and of industry trends.
- Responsible for ensuring those developments are considered and where appropriate reflected in the pricing of S&R business as well as in the provision of technical support, risk assessment and pricing expertise to clients and colleagues.
- 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:
- have strong and relevant technical experience in (re)insurance, consultancy or another statistical pricing role
- be a qualified actuary with relevant post qualified experience.
- have a good understanding of the insurance market
- be highly analytical, ideally with strong experience analysis background this could be attained in an alternative market for example General insurance
Working For Pacific Life Re
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.
Insurance Pricing Actuary, Savings & Retirement employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Pricing Actuary, Savings & Retirement
✨Tip Number 1
Familiarise yourself with the latest trends in insurance pricing and analytical techniques. This knowledge will not only help you during interviews but also demonstrate your proactive approach to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance and actuarial fields, especially those who work in Savings & Retirement. Engaging with industry peers can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data analysis to influence pricing decisions in previous roles. Being able to articulate your experience clearly will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to communicate complex findings to non-technical stakeholders. This skill is crucial for the role, so be ready to provide examples of how you've successfully done this in the past.
We think you need these skills to ace Insurance Pricing Actuary, Savings & Retirement
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Insurance Pricing Actuary position. Tailor your application to highlight how your skills and experiences align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise your strong technical experience in (re)insurance or statistical pricing roles. Provide specific examples of your analytical skills and any relevant projects you've worked on that demonstrate your ability to deliver high-quality pricing analysis.
Showcase Your Creativity: Since the role requires creative thinking, include examples in your application where you've developed innovative solutions or improved processes in previous positions. This will help illustrate your ability to contribute to the team's goals.
Tailor Your Cover Letter: Craft a personalised cover letter that addresses the key responsibilities of the role. Mention your understanding of the insurance market and how you can support the Client Solutions team in building new business acquisition, as well as maintaining effective client relationships.
How to prepare for a job interview at Pacific Life Re
✨Showcase Your Technical Expertise
As an actuary, your technical skills are crucial. Be prepared to discuss your experience in pricing and data analysis, highlighting specific projects where you've successfully derived pricing assumptions or identified trends.
✨Understand the Insurance Market
Demonstrate your knowledge of the insurance market, particularly in Savings and Retirement. Familiarise yourself with current industry trends and be ready to discuss how they might impact pricing strategies.
✨Communicate Clearly with Stakeholders
Effective communication is key in this role. Practice explaining complex actuarial concepts in simple terms, as you'll need to present findings to various stakeholders, including the S&R Leadership Team.
✨Emphasise Your Collaborative Skills
This position involves working closely with different teams. Share examples of how you've successfully collaborated in the past, especially in delivering creative solutions or supporting new business acquisition.
