At a Glance
- Tasks: Join a dynamic team to optimise pricing strategies for savings and retirement products.
- Company: Leading financial services firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Other info: Exciting career progression in a fast-paced, supportive environment.
- Why this job: Make a real impact in the financial sector while developing your analytical skills.
- Qualifications: Strong technical skills in actuarial modelling and a passion for finance.
The predicted salary is between 36000 - 60000 € per year.
The Team
The Savings & Retirement Deal Pricing team are responsible for producing the fees & premiums to send to clients in our global markets. The team covers a range of products across the bulk annuity market in Europe & North America, individual retirement products and a range of savings & protection benefits. The transactions will be across different structures including funded, longevity swaps and new business flow deals.
Key Responsibilities:
- The team focuses on the cashflow & capital modelling, ensuring the specific products & risks are appropriately captured in pricing. We will produce the deal metrics to ensure these meet all pricing hurdles & governance requirements.
- Working with the client solutions team we have a strong focus on optimising deal structures to provide clients with a strong commercial package whilst ensuring an efficient capital structure for PL Re.
- For deals with a funded element, we will work closely with the S&R PPS team & the Pacific Life Investments team to set an investment strategy to appropriately match the liabilities & client needs.
- The team is responsible for the pricing activities related to treaty execution, and ensure the required information is handed over to the S&R inforce management team for implementation.
The Role
We have an exciting opportunity for an individual with strong technical actuarial / investment background to join the S&R Deal Pricing team delivering on the team’s responsibilities. Some of the responsibilities of the role include:
- Take ownership of the existing pricing tools (Tyche models and Excel models). Being responsible for the process of producing pricing quotes and making any upgrades and changes to the tools as required.
- Identify inefficiencies in pricing processes & controls and implement improvements to address these as part of PL Re’s drive for process enhancements.
- Understanding of macroeconomic assumptions (interest rates, credit spreads, FX) impact on pricing. Being able to obtain and interpret required investment data from Bloomberg and from investment teams.
- Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes.
- Working with the insurance pricing team on understanding benefit structures and developing the insurance basis for S&R transactions.
- Following the investment markets and being able to translate and explain changes in the market conditions into changes to pricing. Work with the asset management team to agree investment assumptions for pricing.
- Work with the client solutions team to continually develop our proposition and look for and build strategies that manage and mitigate risks such as currency, inflation etc.
Qualifications & Experience
Core skills and experience:
- Strong technical skills necessary to build and run actuarial models, including pricing tools. Prior experience in Pricing is not necessarily required, but broad understanding of modelling mortality and/or market risks will be an advantage.
- Student member of the IFoA or SOA, making good progress through the professional exams.
- Ability to work independently on reviewing critically numbers coming out of the model, understanding what drives changes, sense-checking results (at the level appropriate for an analyst).
- Being able to work in a flexible, dynamic team environment with occasional high-pressure deadlines based around transaction process. Able to build relationships with colleagues in different teams and office locations.
- Experience of transactions and/or pricing work is beneficial but not essential.
- Strong experience of Excel and actuarial modelling software (Tyche or similar).
- Good general understanding of market risks (interest rates, FX, credit spread, liquidity) and how they impact insurance capitalization.
- Strong communication skills. Able to communicate complex actuarial concepts to a range of audiences both verbally and written.
Non-essential but useful skills and experience:
- Understanding of Pension Risk
Senior Pricing Analyst, S&R in London employer: Pacific Asset Management, LLC
As a Senior Pricing Analyst at our London office, you will be part of a dynamic and innovative team dedicated to optimising pricing strategies for our global clients in the Savings & Retirement sector. We pride ourselves on fostering a collaborative work culture that encourages professional growth through continuous learning and development opportunities, while also offering competitive benefits and a supportive environment that values your contributions. Join us to make a meaningful impact in a role that combines technical expertise with strategic decision-making in a vibrant city known for its financial prowess.
Contact Detail:
Pacific Asset Management, LLC Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pricing Analyst, S&R in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to pricing analysis. We recommend doing mock interviews with friends or using online resources to boost your confidence.
✨Tip Number 3
Showcase your skills! Bring examples of your work, especially any pricing models or analyses you've done. This will help you stand out and demonstrate your technical abilities to potential employers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Pricing Analyst, S&R in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Pricing Analyst role. Highlight your technical skills and any relevant experience in pricing or actuarial modelling. We want to see how your background aligns with what we do!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our Savings & Retirement Deal Pricing team. Keep it engaging and personal.
Showcase Your Technical Skills:Since this role requires strong technical skills, be sure to mention your experience with actuarial models and Excel. If you've worked with tools like Tyche, let us know! We love seeing candidates who are technically savvy.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the process smoother for everyone involved.
How to prepare for a job interview at Pacific Asset Management, LLC
✨Know Your Numbers
As a Senior Pricing Analyst, you'll be dealing with complex actuarial models and pricing tools. Brush up on your technical skills and be ready to discuss how you’ve used Excel and any actuarial software in the past. Be prepared to explain your thought process when interpreting data and how it impacts pricing.
✨Understand the Market
Familiarise yourself with current macroeconomic trends that affect pricing, such as interest rates and credit spreads. During the interview, demonstrate your ability to translate these market conditions into pricing strategies. Showing that you keep up with market changes will impress the interviewers.
✨Showcase Your Problem-Solving Skills
The role involves identifying inefficiencies in pricing processes. Think of examples from your past experiences where you’ve successfully implemented improvements or optimised processes. Be ready to discuss specific challenges you faced and how you overcame them.
✨Communicate Clearly
Strong communication skills are essential for this role. Practice explaining complex actuarial concepts in simple terms, as you may need to convey your ideas to colleagues from different teams. Being able to articulate your thoughts clearly will set you apart during the interview.
