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- Tasks: Join a dynamic team to design bespoke reinsurance solutions for global clients.
- Company: Pacific Life Re is a leading provider of innovative life and health reinsurance services worldwide.
- Benefits: Enjoy 25 days annual leave, private healthcare, and wellness initiatives like gym memberships.
- Why this job: Be part of a high-impact team that values creativity and collaboration in a supportive environment.
- Qualifications: Must have strong accounting knowledge, actuarial qualifications, and 5+ years of experience.
- Other info: Flexible working culture with opportunities for community involvement and personal development.
The predicted salary is between 48000 - 84000 £ per year.
AVP, Accounting & Structuring, Capital Solutions page is loaded
AVP, Accounting & Structuring, Capital Solutions
Apply locations London, UK time type Full time posted on Posted 4 Days Ago job requisition id R15158
Job Title
AVP, Accounting & Structuring, Capital Solutions
Job Description
Capital Solutions is the newest line of business that Pacific Life Re offers to support clients. We are providing financial reinsurance to clients to enhance their balance sheet, either through accessing trapped capital, reducing earnings volatility or monetising value that currently sits off balance sheet.
The transactions will typically be of a bespoke nature, covering a range of products and risks across the world. The Capital Solutions team sits alongside the Protection and Savings & Retirement teams to offer a full comprehensive product suite to clients. The Capital Solutions team is structured into three key areas: Pricing, Client Solutions, and Accounting & Structuring. As a small, high-impact team, individuals will get broad exposure across all areas, with team members often acting as sounding boards for one another and contributing across a diverse range of responsibilities.
This is a global role which gives the individual the unique opportunity to engage with clients, develop solutions and support execution across the world. We are seeking an individual who specialises in accounting and structuring to complement our current team’s skills.
The Accounting and Structuring Specialist plays a pivotal role in the development and execution of bespoke capital solutions. This role is responsible for:
- Identifying redundancies and nuances in regulations which may benefit from a Capital Solution structure
- Assessing the accounting and regulatory implications of proposed transactions from both the client’s and Pacific Life Re’s perspective#
- Supporting the structuring and design of tailored reinsurance solutions globally
- Supporting client engagements from initial concept through to deal execution
Role Responsibilities
- Design and structure bespoke reinsurance transactions by translating client objectives into innovative, practical, and commercially viable solutions
- Evaluating the implications of potential structures against relevant accounting standards (e.g., IFRS, US GAAP, local GAAPs) and regulatory frameworks (e.g., Solvency II, ICS) from both the client’s perspective and Pacific Life Re’s internal bases
- Keep abreast of financial performance, market conditions, and industry trends, to identify new structuring opportunities and enhance solution design
- Collaborate with the Pricing team to review and refine proposed structures, incorporating feedback from their risk assessment
- Monitor evolving regulatory and accounting developments and assess their impact on structuring opportunities
- Work closely with the Client Solutions team, participating in client discussions to help shape and communicate the structuring
- Collaborate with back-office functions (e.g., Finance, Corporate Actuarial, Operations) keeping them informed of upcoming transactions and future solutions
- Support deal structuring for large or complex transactions across the broader Pacific Life Re division
- Contribute to the development of internal tools, frameworks, and best practices for transaction structuring
Skills & Experience
- A strong understanding of accounting regulations, with knowledge of IFRS 17 / 9 essential, whilst US GAAP and other local GAAP bases is desirable
- A strong understanding of global regulatory capital bases, with knowledge of either Solvency II or South-East Asian capital bases (KICS, MAS, RBC2) being essential
- Actuarial qualification with 5+ years of professional experience
- Experience in structuring or advising on complex reinsurance transactions is desirable
- Able to apply a creative mindset to come up with innovative and bespoke solutions
- Strong technical and problem-solving skills necessary, with the ability to work on a wide range of solutions at once
- Ability to work independently in a flexible, dynamic team with some high-pressure deadlines
- Excellent communication skills with the ability to effectively explain new concepts to stakeholders and collaborate with other teams around the business
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)
Leave
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25 days of annual leave with option to buy/sell more days
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Adoption and fertility leave
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Generous enhanced parental leave
Healthcare
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Comprehensive private insurance coverage for employee and dependents
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Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary
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Optical benefits
Savings & Retirement
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15% combined employee/employer contributions
Wellness
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Subsidized gym membership
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Access to Employee Assistance Program
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Cycle to Work and Electric Car Salary Sacrifice Scheme
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Time off for volunteering
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Charitable matching of employee donations
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.
Pacific Life Re Values
Please click here to view our company values
At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible.
Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda.
With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop.
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AVP, Accounting & Structuring, Capital Solutions employer: Pacific Asset Management, LLC
Contact Detail:
Pacific Asset Management, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AVP, Accounting & Structuring, Capital Solutions
✨Tip Number 1
Familiarise yourself with the latest accounting regulations, especially IFRS 17 and 9, as well as Solvency II. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the reinsurance and capital solutions sectors. Attend industry events or webinars to connect with potential colleagues and learn about current trends, which can give you an edge in discussions with the hiring team.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully structured complex transactions in the past. Highlight your problem-solving skills and creativity, as these are crucial for the bespoke nature of the role.
✨Tip Number 4
Showcase your ability to collaborate across teams by sharing experiences where you've worked with pricing, client solutions, or back-office functions. This will demonstrate your versatility and readiness to contribute to a small, high-impact team.
We think you need these skills to ace AVP, Accounting & Structuring, Capital Solutions
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounting and structuring, particularly with bespoke reinsurance transactions. Use specific examples that demonstrate your understanding of IFRS and regulatory frameworks.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities outlined in the job description, particularly your ability to design innovative solutions and collaborate with teams.
Showcase Problem-Solving Skills: Provide examples in your application that illustrate your strong technical and problem-solving skills. Highlight situations where you successfully navigated complex regulatory environments or developed creative solutions for clients.
Highlight Communication Abilities: Emphasise your excellent communication skills in both your CV and cover letter. Mention experiences where you effectively explained complex concepts to stakeholders or collaborated with diverse teams, as this is crucial for the role.
How to prepare for a job interview at Pacific Asset Management, LLC
✨Understand the Regulatory Landscape
Make sure you have a solid grasp of accounting regulations, especially IFRS 17/9 and Solvency II. Be prepared to discuss how these regulations impact structuring solutions and be ready to provide examples from your past experience.
✨Showcase Your Problem-Solving Skills
Prepare to demonstrate your technical and problem-solving abilities. Think of specific instances where you've successfully structured complex transactions or developed innovative solutions, and be ready to share these stories during the interview.
✨Communicate Effectively
Since this role involves collaboration with various teams, practice explaining complex concepts in simple terms. Highlight your communication skills by discussing how you've effectively engaged with clients and stakeholders in previous roles.
✨Research the Company Culture
Familiarise yourself with Pacific Life Re's values and culture. Be ready to discuss how your personal values align with theirs, and think about how you can contribute to their team-building initiatives and community involvement efforts.