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- Tasks: Join our team to deliver innovative insurance pricing solutions for Savings and Retirement products.
- Company: Pacific Life Re is a dynamic company focused on providing top-notch insurance solutions globally.
- Benefits: Enjoy perks like a stakeholder pension scheme, private medical insurance, and wellness benefits.
- Why this job: Be part of a supportive culture that values teamwork, fun, and personal growth while making a social impact.
- Qualifications: We're looking for a qualified actuary with strong analytical skills and experience in (re)insurance or consultancy.
- Other info: We promote diversity and inclusion, offering support for 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 handles Pension Risk transfer, Individual Retirement, and Savings for Retirement products. We are hiring an Actuary to support our Insurance Pricing team, focusing on the S&R Line of Business through tender activity and ongoing technical/pricing support. The position is based in London, Tower Bridge House, St Katharine's Way.
The Role
- Work as a proactive and technical actuary to deliver Savings and Retirement quotes for clients.
- Use your expertise in pricing and experience analysis to support the client solutions team, delivering creative solutions and supporting market growth.
- Collaborate with the wider pricing team to deliver high-quality pricing analysis, presenting opportunities through the internal governance process and gaining visibility with leadership.
- Support the development of PLRe pricing sophistication by understanding the latest techniques and continuously improving internal approaches and processes.
Key Responsibilities
- Support the delivery of new business quotations for the S&R line of business.
- Analyze experience data to identify trends and derive technical pricing bases.
- Maintain up-to-date knowledge of A&R pricing and industry trends.
- Ensure developments are reflected in pricing, technical support, risk assessment, and client/colleague support.
- Assist the Client Solutions team in new business acquisition, maintaining client relationships, and promoting Pacific Life Re.
- Support strategic projects, including pricing process improvements, rating factor assessments, and R&D collaboration.
- Work closely with the Deal pricing team to deliver optimal client solutions.
Qualifications & Experience
- Strong technical experience in (re)insurance, consultancy, or statistical pricing roles.
- Qualified actuary with relevant post-qualification experience.
- Good understanding of the insurance market.
- Highly analytical, with strong experience analysis background, potentially from general insurance or other markets.
Working for Pacific Life Re
We value the unique qualities each team member brings. We foster expertise development and support individual ambitions. Our culture balances high performance with fun, teamwork, and well-being initiatives. We promote work-life balance with various employee benefits and social activities. We also support community involvement through fundraising, charity events, and volunteering.
Benefits (for Permanent and Fixed Term Employees)
- Stakeholder Pension Scheme
- Life Assurance
- Subsidized 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.
Insurance Pricing Actuary, Savings & Retirement employer: Pacific Life
Contact Detail:
Pacific Life 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, especially in the Savings and Retirement sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the actuarial field, particularly those who work in insurance pricing. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the company culture at Pacific Life Re.
✨Tip Number 3
Prepare to discuss specific examples of how you've used analytical skills to solve complex problems in previous roles. Highlighting your experience in delivering creative solutions will resonate well with the hiring team.
✨Tip Number 4
Showcase your ability to collaborate effectively by discussing past experiences where teamwork led to successful outcomes. Emphasising your interpersonal skills will align with the company's values of teamwork and community involvement.
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. Familiarise yourself with the key tasks such as delivering quotes, analysing experience data, and supporting client solutions.
Tailor Your CV: Customise your CV to highlight relevant experience in (re)insurance, consultancy, or statistical pricing roles. Emphasise your qualifications as an actuary and any specific projects that demonstrate your analytical skills and understanding of the insurance market.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your background aligns with the responsibilities outlined in the job description, particularly your experience in pricing analysis and client relationship management.
Highlight Continuous Learning: In your application, mention any ongoing professional development or training you have undertaken related to pricing techniques or industry trends. This shows your commitment to staying updated and improving internal approaches, which is crucial for the role.
How to prepare for a job interview at Pacific Life
✨Showcase Your Technical Expertise
As an Insurance Pricing Actuary, it's crucial to demonstrate your strong technical experience in (re)insurance and statistical pricing. Be prepared to discuss specific projects or analyses you've conducted that highlight your analytical skills and understanding of pricing techniques.
✨Understand the Market Trends
Make sure you are up-to-date with the latest trends in the insurance market, particularly in Savings and Retirement products. Discussing recent developments or changes in the industry during your interview will show your commitment to continuous learning and improvement.
✨Collaborate and Communicate
The role involves working closely with various teams, so emphasise your ability to collaborate effectively. Share examples of how you've worked with others to deliver client solutions or improve processes, showcasing your teamwork and communication skills.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities. Prepare by thinking through potential challenges you might face in the role and how you would approach them, particularly in delivering quotes and analysing experience data.
