At a Glance
- Tasks: Lead pricing for inforce flow transactions and enhance pricing accuracy.
- Company: Join Pacific Life Re, a leader in global retirement markets.
- Benefits: Enjoy 25 days annual leave, private health insurance, and wellness perks.
- Other info: Diverse and inclusive culture with excellent career growth opportunities.
- Why this job: Make a real impact in pricing strategies and drive continuous improvement.
- Qualifications: 5+ years actuarial experience with strong leadership and analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
The Savings & Retirement (S&R) team at Pacific Life Re focuses on sourcing opportunities and executing reinsurance transactions with clients in global retirement markets. The Deal Pricing team is responsible for pricing all products and reinsurance structures across our markets, emphasizing cash‑flow modeling, capital, and asset pricing for funded transactions.
Key Responsibilities
- Lead the pricing of inforce flow transactions on a regular cadence, ensuring timely delivery against schedules.
- Perform detailed analysis to support internal governance and approvals.
- Lead regular reviews of pricing assumptions, investment strategies, and model developments.
- Identify opportunities to enhance pricing accuracy and competitiveness, driving continuous model improvement.
- Oversee new business metrics and management reporting for flow transactions, providing clear insights for decision‑making and performance monitoring.
- Drive process improvement initiatives to enhance scalability and efficiency.
- Strengthen operational processes and model risk controls while maintaining high‑quality, up‑to‑date documentation.
- Build and maintain strong working relationships with Client Solutions, Pricing & Portfolio Solutions (PPS), Corporate Actuarial, and Operations teams.
Qualifications & Experience
- Professional qualifications (IFoA, SOA, or similar) with 5+ years of professional actuarial experience.
- Managerial experience and the ability to lead a team to deliver pricing according to planned schedules.
- Highly organised with strong project and workflow management skills; able to prioritise effectively and adapt to changing priorities.
- Ability to critically analyse model outputs, identify key drivers, and propose pricing improvements.
- Strong communication skills, able to convey complex actuarial concepts to diverse audiences orally and in writing.
- Track record of stakeholder management, securing approvals, and pitching.
- Experience in insurance/reinsurance pricing for asset‑intensive business.
- Understanding of market risks (interest rates, FX, credit spread, liquidity).
- Deal structuring experience, including collateral structures and investment strategy development; an advantage.
Benefits (Permanent & Fixed Term Employees)
- 25 days of annual leave with option to buy/sell additional days.
- Adoption and fertility leave.
- Generous enhanced parental leave.
- Comprehensive private health insurance coverage for employee and dependents.
- Group life insurance coverage of 9× basic annual salary.
- Group income protection up to 75% of basic annual salary.
- Optical benefits.
- Wellness subsidised 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.
EEO Statement
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.
Pricing Manager, S&R employer: Pacific Asset Management, LLC
At Pacific Life Re, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within the Savings & Retirement team. Our commitment to employee growth is evident through comprehensive benefits, including generous parental leave, wellness programmes, and opportunities for professional development, all set against the backdrop of a supportive and inclusive environment in the heart of the global retirement market.
Contact Details:
Pacific Asset Management, LLC Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Manager, S&R
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in pricing or actuarial roles. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions related to pricing and actuarial concepts. We recommend doing mock interviews with friends or using online platforms to get comfortable discussing your experience and skills.
✨Tip Number 3
Showcase your analytical skills! During interviews, be ready to discuss specific examples of how you've improved pricing accuracy or driven process improvements in past roles. Numbers speak louder than words!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Pricing Manager, S&R
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pricing Manager role. Highlight your relevant experience in pricing, actuarial work, and any managerial roles you've held. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the Savings & Retirement sector and how your background makes you a perfect fit for our Deal Pricing team. Keep it engaging and personal!
Showcase Your Analytical Skills:Since this role involves detailed analysis and model improvements, be sure to include examples of how you've successfully analysed data and driven pricing accuracy in your previous roles. We love seeing those critical thinking skills in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at Pacific Asset Management, LLC
✨Know Your Numbers
As a Pricing Manager, you'll need to be comfortable with cash-flow modelling and pricing strategies. Brush up on your financial metrics and be ready to discuss how you've used data to drive pricing decisions in the past.
✨Showcase Your Leadership Skills
Since managerial experience is key for this role, prepare examples of how you've led teams to meet deadlines and deliver results. Highlight any process improvements you've implemented that enhanced efficiency or accuracy.
✨Communicate Clearly
You'll need to convey complex actuarial concepts to various stakeholders. Practice explaining your previous projects in simple terms, focusing on the impact of your work and how it benefited the business.
✨Build Relationships
This role involves collaboration with multiple teams. Think of ways you've successfully managed stakeholder relationships in the past. Be ready to discuss how you can strengthen these connections at Pacific Life Re.
