AVP, R&D

AVP, R&D

Full-Time 36000 - 60000 £ / year (est.) No home office possible
Pacific Life Re

At a Glance

  • Tasks: Lead a team in developing innovative actuarial assumptions for global reinsurance markets.
  • Company: Join Pacific Life Re, a forward-thinking global life reinsurer.
  • Benefits: Enjoy 25 days leave, comprehensive healthcare, and wellness initiatives.
  • Why this job: Make a real impact in a collaborative environment while shaping the future of actuarial thinking.
  • Qualifications: Qualified actuary with experience in assumption development and strong communication skills.
  • Other info: Embrace diversity and enjoy a healthy work-life balance with fun team-building activities.

The predicted salary is between 36000 - 60000 £ per year.

We are a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a US-based 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 a great opportunity to join our Global R&D function as a leader of a team of five actuaries and analysts. You will be leading the development of biometric assumptions for a range of different global reinsurance markets. We are looking for someone who can influence key stakeholders in the business to maximise the value of assumption knowledge.

In this role, you will work with colleagues across the company on both Longevity and Protection markets in Europe and North America, giving you diverse exposure and the opportunity to make a real impact. You will be responsible for all aspects of the delivery of assumptions, from planning, team management, technical direction, stakeholder engagement and implementation. A key focus over the next few years will be to scale the team capabilities for the increase in volume of assumptions which we need to produce. This will come through being courageous in improving economies of scale and standardising and sharing capabilities.

You will lead stakeholder relationships with people across the business:

  • R&D teams across multiple geographies
  • Savings & Retirement and Protection teams inside the Reinsurance Division to support on Pricing and Product developments
  • Division teams such as Corporate Actuarial, Operations and Risk
  • Biometric teams in other Divisions on shared assumptions related to the US market

We are a collaborative and friendly team who thrive to provide their best. You will report to the VP, R&D.

You will be a recognised leader in actuarial assumption development — setting the direction, raising the bar, and leaving a visible mark on how we work across global markets. You will bring genuine intellectual curiosity to assumption development — challenging inherited methodologies, pioneering new analytical approaches, and setting a standard that competitors will follow.

You will be accountable for growing a high-performing function — streamlining how we work, eliminating inefficiency, and developing the next generation of actuarial talent. You will forge strong relationships with senior stakeholders across Pricing, Product, and beyond — translating complex technical judgements into clear, compelling recommendations that drive real business decisions.

You will provide rigorous, independent challenge to Pricing assumptions — ensuring intellectual honesty sits at the heart of everything we do. Through thought leadership, academic partnerships, and research initiatives, you will help define where actuarial thinking goes next.

Desirable Skills & Experience:

  • Demonstrable exposure to assumption development with a reinsurer, life company or consultancy.
  • Qualified Fellow of the Institute or Faculty of Actuaries or other similar organisation with 6+ years post qualified experience.
  • A good understanding of the Longevity insurance/reinsurance market and/or the Protection insurance/reinsurance market.
  • Ability and desire to come up with and implement new approaches and techniques.
  • Report writing and verbal communication skills, including ability to present to senior managers and to forge close relationships with other teams.
  • Ability to think for yourself and challenge the status quo.
  • Organised and deadline focused.
  • Interest and understanding of programming and comfortable with or willing to learn software packages, such as Tableau, SQL (or comparable database language) and R.
  • Experience with people management or mentoring, and interest in coaching and developing junior staff.

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. 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.

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.

AVP, R&D employer: Pacific Life Re

At Pacific Life Re, we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. Our commitment to employee growth is evident through our comprehensive benefits, including generous leave policies, wellness initiatives, and opportunities for professional development. Located in a dynamic global environment, we encourage our team to challenge the status quo while enjoying a healthy work-life balance and engaging in community involvement.
Pacific Life Re

Contact Detail:

Pacific Life Re Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land AVP, R&D

✨Tip Number 1

Network like a pro! Reach out to current employees on LinkedIn or attend industry events. This way, you can get insider info about the company culture and maybe even a referral.

✨Tip Number 2

Prepare for interviews by practising common questions and scenarios related to assumption development. We recommend using the STAR method to structure your answers and showcase your experience effectively.

✨Tip Number 3

Showcase your leadership skills! Be ready to discuss how you've managed teams or projects in the past. Highlight your ability to influence stakeholders and drive results, as this is key for the AVP role.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at Pacific Life Re.

We think you need these skills to ace AVP, R&D

Actuarial Assumption Development
Stakeholder Engagement
Team Management
Technical Direction
Longevity Insurance Knowledge
Protection Insurance Knowledge
Analytical Approaches
Report Writing
Verbal Communication Skills
Programming Knowledge (Tableau, SQL, R)
People Management
Coaching and Mentoring
Organisational Skills
Deadline Focused

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the AVP, R&D role. Highlight your experience in assumption development and how it aligns with our mission at StudySmarter. We want to see how you can bring your unique skills to our team!

Showcase Your Leadership Skills: Since this role involves leading a team, don’t forget to emphasise your leadership experience. Share examples of how you've managed teams or projects successfully. We love seeing candidates who can inspire and grow others!

Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language to convey your ideas and avoid jargon unless it's relevant. We appreciate clarity and want to understand your thoughts easily!

Apply Through Our Website: We encourage you 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. Plus, it’s super easy to do!

How to prepare for a job interview at Pacific Life Re

✨Know Your Assumptions

Before the interview, brush up on your knowledge of biometric assumptions and how they apply to both Longevity and Protection markets. Be ready to discuss specific examples from your past experience that demonstrate your expertise in assumption development.

✨Engage with Stakeholders

Prepare to talk about your experience in building relationships with senior stakeholders. Think of instances where you successfully influenced decisions or collaborated across teams, as this role requires strong stakeholder engagement skills.

✨Showcase Your Leadership Style

As a potential leader of a team, be prepared to discuss your approach to team management and mentoring. Share examples of how you've developed junior staff and streamlined processes to improve efficiency in previous roles.

✨Challenge the Status Quo

This role is all about innovation, so come equipped with ideas on how to challenge inherited methodologies. Be ready to discuss new analytical approaches you've implemented and how they have positively impacted your previous work.

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