At a Glance
- Tasks: Lead exciting health analytics projects and develop innovative insurance models.
- Company: Join a global life reinsurer that values innovation and diversity.
- Benefits: Enjoy 25 days leave, comprehensive healthcare, and wellness initiatives.
- Other info: Dynamic team culture with excellent career growth opportunities.
- Why this job: Make a real impact in the insurance industry with cutting-edge data science.
- Qualifications: Strong analytical skills and experience in health-related fields required.
We are a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a mutual insurance group. Fuelled by our pursuit of excellence and a quest to innovate, we're proud to do things differently. Our people are not afraid to disrupt and challenge industry thinking and provide the best protection, savings and retirement reinsurance products and services possible.
We have an exciting opportunity for a Manager with strong technical skills and experience in biometric risk modelling to join the R&D Medical Analytics team. This is an exciting time to join as we build our insured annuities business and invest in the analytics, modelling and assumption-setting capability needed to support future growth. With access to rich health and underwriting data, you will play a key role in developing the assumptions, models and insights that underpin our individual and enhanced annuities proposition.
Medical Analytics is a multidisciplinary team that works at the intersection of insurance, health and data science. The team combines data-driven and medically-informed insights to support assumption setting, product development, pricing, underwriting and strategic decision-making. The team also assesses emerging developments across the health landscape, translating information from a range of sources into actionable business insights.
You will support the Head of Medical Analytics with managing and conducting health-related analytical projects, with a core remit of supporting basis development, pricing and underwriting rules for UK individual and enhanced annuities products. Responsibilities include planning, evidence synthesis, data sourcing, data analysis, model design, validation and results communication. As part of these projects, you will be transforming quantitative and qualitative analysis into assumptions and uplifts for use in the rest of the business. The role requires strong problem solving, project management and stakeholder management skills.
You will work closely with other teams including:
- Savings and Retirement and Protection teams inside the Reinsurance Division to support on pricing, product development and underwriting philosophy, and to ensure that the assumptions developed and analyses conducted meet their needs;
- R&D teams including the Basis Development, Strategic Analytics teams, and R&D teams in other geographies across the Division.
Role Responsibilities:
- Conducting analytical projects to support UK individual and enhanced annuities basis development, including project and stakeholder management.
- Contributing to analytical projects in the Medical Analytics or wider R&D team.
- Contribute to wider research initiatives such as thought leadership articles and building relationships with relevant health analytics networks.
- Support and participate in knowledge sharing in the team, across a range of skills and health-related topics.
Desirable Skills & Experience:
- Qualified Fellow of the Institute or Faculty of Actuaries or other similar actuarial organisation; or advanced qualification in a health-related subject (e.g. Masters/PhD in Epidemiology, Biostatistics, Health Data Science or Health Economics).
- Strong analytical skills and independent problem-solving abilities applied in health-related contexts.
- Excellent organisational skills and able to coordinate the work of multi-disciplinary teams in fast-paced commercial settings.
- Proficient in turning quantitative and qualitative insights into practical and actionable outcomes.
- Experience in explaining complex technical or commercial issues to a variety of audiences, via written and spoken communication.
- Knowledge of modelling techniques such as survival models, disease progression models, simulation models, intervention models and causal inference.
- An understanding of the reinsurance or insurance industry, particularly pricing, underwriting or assumption setting processes.
- Experience of working with pricing and underwriting teams is particularly advantageous.
- Knowledge of health data standards, health systems organisation or the pharmaceutical life cycle.
- Ability to rapidly appraise medical research and synthesise evidence to inform analyses and commercial decision making.
- Proficient in production-quality statistical programming, using languages such as R or Python.
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):
- 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.
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. 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.
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.
Manager, Medical Analytics, R&D employer: Pacific Asset Management, LLC
Pacific Asset Management, LLC is an excellent employer that fosters a collaborative and innovative work culture, making it an ideal place for a Pricing Actuary to thrive. With a focus on employee growth, the company offers comprehensive benefits including healthcare and generous annual leave, ensuring a healthy work-life balance while empowering team members to lead and excel in their roles within the dynamic UK market.
Contact Details:
Pacific Asset Management, LLC Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Manager, Medical Analytics, R&D
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We think you need these skills to ace Manager, Medical Analytics, R&D
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Pacific Asset Management, LLC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Pacific Asset Management, LLC. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Pacific Asset Management, LLC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Pacific Asset Management, LLC to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Pacific Asset Management, LLC, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Pacific Asset Management, LLC's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.