At a Glance
- Tasks: Lead a dynamic Pricing Team and drive innovative financial solutions for clients.
- Company: Join Pacific Life Re, a global leader in life and health reinsurance.
- Benefits: Enjoy 25 days annual leave, comprehensive healthcare, and wellness initiatives.
- Why this job: Make a real impact in a fast-paced environment while developing your leadership skills.
- Qualifications: Qualified actuary with strong problem-solving skills and team management experience.
- Other info: Be part of a diverse culture that values innovation and community involvement.
The predicted salary is between 43200 - 72000 Β£ per year.
**Job Title**AVP, Pricing, Capital Solutions****Job Description****# Capital Solutions is the newest line of business that Pacific Life Re offer 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 Pricing team operate globally and are responsible for carrying out the risk assessment of each deal, alongside proposing appropriate pricing levels to cover this risk. They will also contribute to the structuring of the deals, participate in client conversations and support in refining and implementing our market strategy.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.We have an exciting opportunity for an individual who is looking to take on a management role within our growing team.**Key responsibilities****Team Management*** Lead and develop the Pricing Team, fostering a high-performance culture through mentoring, coaching and continuous feedback* Oversee the delivery of pricing quotes and the evolution of processes and assumptions, ensuring consistency and rigour across transactions* Define and implement the teamβs pricing strategy, ensuring alignment with broader business objectives and market positioning**Risk Assessment & Pricing*** Oversee, review and provide challenge on the detailed assessments of potential opportunities considering factors such as deal attractiveness, counterparty creditworthiness, market conditions and regulatory requirements* Collaborate with the wider Capital Solutions / PL Re team to support in deal structuring to meet clients\β needs, ensuring alignment with PL Re risk appetite* Support Client Solutions and Legal teams to see transactions through to execution; informing commercial strategy throughout the process and ultimately contributing to and reviewing treaty wording before signing**Business Analysis & Support*** Support the Client Solutions team by attending client meetings, gathering market intel and identifying potential opportunities for PL Re* Monitor market trends, regulatory developments and competitive landscape* Contribute to the development and refinement of strategy for the business line**Process & Assumption Development*** Contribute to the development of best practices, pricing guidelines and risk appetite and governance frameworks for the Capital Solutions business* Assist in building and maintaining pricing models and tools to enhance efficiency and accuracy* Supporting in the setting of the capital basis for different risk types, markets and transactions**Qualifications & Experience*** Strong technical and problem-solving skills with the ability to work with a wide range of data sets and information* Experience within a FinRe / Structured Solutions team* Experience managing a team; including but not limited to building a team culture, coaching and developing team members and recruiting for key positions* Qualified actuary with a minimum of 5 years post qualified experience* Excellent communication skills with the ability to effectively explain new concepts to stakeholders and collaborate with other teams around the business* Ability to work independently in a flexible, dynamic team with occasional high-pressure deadlines* Pricing experience in the European and / or Asian markets* A strong understanding of capital, financial accounting, balance sheets and regulatory frameworks is desirable**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\βs 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\βs involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.**Benefits (Only for Permanent and Fixed Term Employees)****Leave*** 25 days of annual leave with option to buy/sell more days* Adoption and fertility leave* Generous enhanced parental leaveHealthcare* Comprehensive private insurance coverage for employee and dependents* Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary* Optical benefitsSavings & Retirement* 15% combined employee/employer contributionsWellness* Subsidized gym membership* Access to Employee Assistance Program* Cycle to Work and Electric Car Salary Sacrifice Scheme* Time off for volunteering* Charitable matching of employee donationsAs 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**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. #J-18808-Ljbffr
AVP, Pricing, Capital Solutions employer: Pacific Asset Management, LLC
Contact Detail:
Pacific Asset Management, LLC Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land AVP, Pricing, Capital Solutions
β¨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and donβt be shy about asking for introductions. The more people you know, the better your chances of landing that dream job.
β¨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their products and services, especially in Capital Solutions. This will help you tailor your responses and show that you're genuinely interested in being part of the team.
β¨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. Focus on articulating your experience in pricing and risk assessment clearly.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets noticed. Plus, it shows youβre keen on joining our awesome team at Pacific Life Re.
We think you need these skills to ace AVP, Pricing, Capital Solutions
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the AVP, Pricing, Capital Solutions role. Highlight your experience in financial reinsurance and team management, as well as any relevant pricing strategies you've implemented.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've led teams and contributed to pricing strategies in previous positions. Make it personal and engaging!
Showcase Your Technical Skills: We want to see your strong technical and problem-solving skills shine through. Mention your experience with data sets, risk assessment, and any pricing models you've developed or worked with in the past.
Apply Through Our Website: Don't forget to apply through our website! Itβs the best way for us to receive your application and ensures youβre considered for the role. Plus, it shows youβre keen on joining our team at Pacific Life Re!
How to prepare for a job interview at Pacific Asset Management, LLC
β¨Know Your Numbers
As an AVP in Pricing, youβll need to demonstrate a strong grasp of financial concepts. Brush up on your knowledge of capital structures, balance sheets, and pricing models. Be ready to discuss how youβve applied these in past roles, especially in FinRe or Structured Solutions.
β¨Showcase Your Leadership Skills
Since this role involves team management, prepare examples that highlight your experience in leading teams. Think about times when youβve fostered a high-performance culture or mentored team members. This will show that you can not only manage but also inspire your team.
β¨Understand the Market Landscape
Familiarise yourself with current market trends and regulatory developments in the European and Asian markets. Being able to discuss these insights during your interview will demonstrate your proactive approach and understanding of the competitive landscape.
β¨Prepare for Client Conversations
Given the client-facing nature of the role, practice articulating complex concepts clearly and concisely. Think about how you would explain pricing strategies or risk assessments to clients who may not have a technical background. This will showcase your communication skills and ability to collaborate effectively.