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- Tasks: Lead a team to deliver innovative insurance pricing solutions for clients.
- Company: Join Pacific Life Re, a leader in global insurance and retirement solutions.
- Benefits: Enjoy perks like a pension scheme, private medical insurance, and wellness benefits.
- Why this job: Be part of a dynamic team that values creativity and collaboration in a fun environment.
- Qualifications: Qualified actuary with 3+ years experience; strong technical skills preferred.
- Other info: Diversity and inclusion are key; we support applicants with disabilities.
The predicted salary is between 43200 - 72000 £ per year.
The Savings & Retirement Insurance Pricing team is responsible for producing the best estimate insurance assumptions for clients in our global markets. The team's responsibilities include Pension Risk Transfer, Individual Retirement, and Savings for Retirement products.
We are hiring a Manager for our Insurance Pricing team to support tender activities across various markets through technical and pricing work. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.
The Role
As a proactive and technical actuary, you will work within a team to deliver Savings and Retirement quotes for clients. Your expertise in pricing and experience analysis will support collaboration with the client solutions team to deliver innovative solutions and foster market growth, while meeting client needs. You will also manage the insurance pricing actuaries and analysts within your team. Collaborating with the wider pricing team, you will deliver high-quality pricing analysis for client quote opportunities and present these through the internal governance process, gaining visibility with the Savings & Retirement Executive Committee, COO, and CEO. As a creative thinker, you will support the development of PLRe pricing sophistication by understanding latest techniques and continuously improving internal processes.
Key Responsibilities
- Support the delivery of new business quotations and market insurance pricing opportunities.
- Analyze experience data to identify trends and derive technical pricing bases, communicating findings to stakeholders.
- Maintain up-to-date knowledge of insurance pricing and industry trends, ensuring developments are incorporated into pricing and technical support.
- Support the Client Solutions team in building relationships with clients and promoting the Pacific Life Re brand.
- Contribute to internal strategic projects aimed at improving pricing processes and rating factors.
- Work closely with the Deal Pricing team to deliver optimal quote solutions for clients.
Qualifications & Experience
- Strong technical experience in (re)insurance, consultancy, or statistical roles; experience with GLM and advanced techniques is preferred.
- Experience in a pricing role is advantageous but not essential.
- Qualified actuary (IFoA or SOA) with 3+ years of post-qualification experience.
- Experience in experience analysis and basis setting, including mortality, dependent, and lapse assumptions.
- Excellent communication skills, capable of explaining complex concepts clearly.
- Experience in people management and mentoring actuarial staff.
Working for Pacific Life Re
We value the unique qualities of our team members and support their development and ambitions. Our culture balances high performance with fun, offering team-building activities, social events, and well-being initiatives. We promote a healthy work-life balance with various benefits and community involvement opportunities.
Benefits (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
We are committed to diversity and inclusion, providing reasonable adjustments during recruitment for applicants with disabilities. Please contact us to discuss your needs.
Manager, Insurance Pricing, Savings & Retirement employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager, Insurance Pricing, Savings & Retirement
✨Tip Number 1
Familiarise yourself with the latest trends in insurance pricing and actuarial techniques. This knowledge will not only help you during interviews but also demonstrate your commitment to staying current in the field.
✨Tip Number 2
Network with professionals in the insurance and actuarial sectors. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Pacific Life Re.
✨Tip Number 3
Prepare to discuss your experience in managing teams and mentoring staff. Highlight specific examples of how you've supported your team’s development, as this is a key aspect of the role.
✨Tip Number 4
Be ready to showcase your analytical skills by discussing past projects where you identified trends and derived technical pricing bases. Use clear examples to illustrate your thought process and problem-solving abilities.
We think you need these skills to ace Manager, Insurance Pricing, Savings & Retirement
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance pricing, actuarial roles, and any technical skills related to GLM and advanced techniques. Emphasise your qualifications and post-qualification experience to align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Discuss your experience in managing teams, delivering innovative solutions, and your understanding of market trends in Savings and Retirement products.
Highlight Communication Skills: Since excellent communication is crucial for this role, provide examples in your application of how you've effectively communicated complex concepts to stakeholders or clients in previous positions.
Showcase Leadership Experience: If you have experience in people management or mentoring, make sure to include specific examples in your application. This will demonstrate your capability to manage the insurance pricing actuaries and analysts within the team.
How to prepare for a job interview at Pacific Life Re
✨Showcase Your Technical Expertise
As a Manager in Insurance Pricing, it's crucial to demonstrate your strong technical experience. Be prepared to discuss your knowledge of GLM and advanced techniques, as well as any relevant experience in pricing roles. Highlight specific projects where you've successfully applied these skills.
✨Communicate Clearly
Excellent communication skills are essential for this role. Practice explaining complex actuarial concepts in simple terms, as you will need to convey findings to stakeholders. Consider using examples from your past experiences to illustrate your points effectively.
✨Emphasise Team Collaboration
This position involves working closely with various teams, including the Client Solutions team and Deal Pricing team. Be ready to share examples of how you've successfully collaborated in the past, and discuss your approach to fostering teamwork and building relationships.
✨Demonstrate Leadership Skills
As you'll be managing a team of actuaries and analysts, it's important to showcase your leadership abilities. Prepare to discuss your experience in mentoring staff and how you've contributed to their professional development. Highlight any initiatives you've led that improved team performance.
