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- Tasks: Lead the development of innovative underwriting strategies for individual annuities.
- Company: Join Pacific Life Re, a forward-thinking insurance and reinsurance company.
- Benefits: Enjoy 25 days annual leave, private healthcare, and wellness initiatives.
- Why this job: Make a real impact in the retirement income market while developing your skills.
- Qualifications: Experience in annuity underwriting and strong analytical skills required.
- Other info: Dynamic team culture with opportunities for personal and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
The Role
As a Senior Underwriting Developer, Savings & Retirement, you will be working closely with the AVP, Global Underwriting & Claims Development, Protection to support our strategic new entry into the Individual Retirement Income market, with a particular focus on developing individual lives annuities underwriting philosophy. This role will ideally be based in London to support the strategic entry to the UK & wider European retirement income markets.
As a Senior Underwriting Developer you will develop and implement an underwriting proposition that meets both client needs and is consistent with PL Re’s strategic focus, including the development of risk-based underwriting frameworks suitable for automation. You’ll be working in a company that values your technical skills, the innovative ideas and solutions you bring into the work you do, and your ability to communicate those ideas effectively. As a member of the wider Savings and Retirement community the incumbent is expected to help promote a culture across Savings & Retirements consistent with the Pacific Life Re target culture and consistent with the company’s Principles and Behaviours. Within Savings and Retirement, we have a vision to be Partnering with our clients globally to provide stability and confidence in retirement.
Ocean Development
- Leading the development of individual lives annuities underwriting philosophy, defining underwriting intent, risk segmentation, decision frameworks, and boundaries aligned to Pacific Life Re’s strategic objectives.
- Monitor and evaluate competitor and market underwriting rule developments, identifying opportunities to enhance competitive positioning and proactively mitigate risk within Ocean annuities content.
- Develop, document, and maintain research-based loading (RBL) papers that translate research, experience, and market insight into clear, defensible underwriting positions suitable for automation.
- Lead and coordinate research-based Ocean content reviews, including evaluation of emerging risks, medical, financial, and behavioural factors relevant to individual annuities underwriting and claims.
- Define and maintain a clear Ocean content roadmap for individual annuities underwriting, with pragmatic prioritisation and alignment to business and client needs.
- Partner closely with existing life insurance underwriting developers to ensure annuities underwriting philosophy is clearly articulated, logically structured, and fit for translation into automated underwriting rules.
- Review, challenge, and approve proposed annuities underwriting content and logic developed by others, ensuring consistency, quality, and adherence to agreed risk philosophy.
- Contribute as required to Ocean content deployments (e.g. clarification of logic, testing/coding support, expert input).
Support and Development
- Design and maintain governance frameworks, standards, and documentation for individual lives annuities underwriting content, including change control, peer review, and sign-off processes.
- Support risk assessment, due diligence, and underwriting input for annuities tenders and quotes, ensuring underwriting positions are clearly articulated and commercially defensible.
- Lead the development and delivery of internal training on individual annuities underwriting and claims philosophy, Ocean content, and research-based decision-making for underwriting and commercial stakeholders.
- Contribute to internal and external thought leadership, including guidance papers, presentations, and articles aligned with annuities underwriting and claims research and Ocean content developments.
- Strengthen collaboration across Underwriting & Claims Development, R&D, Medical Analytics, Strategic Analytics, and commercial teams to support product innovation and the evolution of annuities underwriting capability.
Essential Experience
Knowledge
- Ability to translate research and evidence into clear, defensible underwriting outcomes, including leading the development of underwriting philosophy, guidelines, and content documentation.
- Strong experience analysing and interpreting data to shape underwriting standards and research-based underwriting decision making.
- Extensive experience designing and governing underwriting decision frameworks or structure underwriting logic that is deployed into underwriting platforms.
- Proven senior-level experience working in an annuity underwriting environment within an insurance or reinsurance company.
- Strong working knowledge of annuities industry regulations and their practical application.
Commercial Judgement
- Proven ability to apply independent judgement and develop innovative, pragmatic solutions to complex underwriting and risk challenges.
- Ability to communicate complex underwriting concepts effectively with stakeholders across underwriting, claims, technical, and pricing teams, including those responsible for downstream system implementation.
- Highly organised, detail-focused, and able to manage competing priorities in a fast-paced, evolving environment.
- Comfortable leading work on non-standard or unstructured requests.
- Demonstrated ownership mindset, with accountability for outcomes and quality underwriting positions.
Desirable Experience
- Previous experience working in an insurance or reinsurance environment.
- Strong data literacy, with the ability to draw conclusions from analysis and articulate implications for underwriting strategy and risk philosophy.
- Experience working with automated underwriting and/or claims systems, particularly in a content, framework, or logic design capacity.
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 employees' involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits (Only for Permanent and Fixed Term Employees)
- 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
- 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 benefits
- 15% combined employee/employer contributions
- 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 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
At Pacific Life Re, our vision is to bring an innovative
Senior Underwriting Developer, Savings & Retirement in London employer: Pacific Asset Management, LLC
Contact Detail:
Pacific Asset Management, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriting Developer, Savings & Retirement in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. We want you to walk into that interview feeling confident and ready to show them why you’re the perfect fit for the Senior Underwriting Developer role.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and get comfortable discussing your experience. We believe that the more you practice, the more natural it will feel when you’re in front of the real interview panel.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can go a long way in leaving a positive impression. We recommend expressing your appreciation for the opportunity and reiterating your enthusiasm for the role. It shows you’re genuinely interested!
We think you need these skills to ace Senior Underwriting Developer, Savings & Retirement in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Senior Underwriting Developer role. Highlight your experience in annuities underwriting and how it aligns with our strategic goals at StudySmarter.
Showcase Your Skills: We want to see your technical skills shine! Be sure to include specific examples of how you've developed underwriting frameworks or worked with automated systems in your previous roles.
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language to explain your experience and how it relates to the job description. We appreciate a well-structured application!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Pacific Asset Management, LLC
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of annuities and underwriting principles. Be ready to discuss how you can translate research into clear, defensible outcomes. This role is all about developing a solid underwriting philosophy, so show them you know your stuff!
✨Show Off Your Data Skills
Since this position requires strong data literacy, prepare to talk about your experience analysing and interpreting data. Bring examples of how you've shaped underwriting standards based on data insights. They’ll want to see how you can apply this in a fast-paced environment.
✨Communicate Clearly
You’ll need to explain complex concepts to various stakeholders, so practice articulating your thoughts clearly. Use simple language to describe your past experiences and how they relate to the role. Remember, effective communication is key in this position!
✨Be Ready for Problem-Solving
Expect questions that test your commercial judgement and ability to develop innovative solutions. Think of scenarios where you faced complex underwriting challenges and how you tackled them. They’ll be looking for your ownership mindset and accountability for outcomes.