At a Glance
- Tasks: Lead global Underwriting and Claims teams, ensuring high-quality performance and strategic alignment.
- Company: Join Pacific Life Re, a leader in the reinsurance industry focused on innovation and community impact.
- Benefits: Enjoy perks like a pension scheme, life assurance, gym membership, and private medical insurance.
- Why this job: Be part of a dynamic team that values your unique qualities and supports your career ambitions.
- Qualifications: 10+ years in life (re)insurance underwriting/claims with strong leadership and decision-making skills required.
- Other info: We promote a healthy work-life balance and encourage community involvement through charity events.
The predicted salary is between 72000 - 108000 ÂŁ per year.
Job Title Global Chief Underwriting & Claims Officer Job Description The Global Chief Underwriting and Claims Officer, Protection is one of the global leaders of Pacific Life Re’s Protection line of business. In addition to having global responsibility for the performance of Underwriting and Claims teams, you will share responsibility for the overall leadership of Pacific Life Re’s global Protection business through your participation in the Global Protection Executive Committee (GPEC). Pacific Life Re’s global Protection team is structured so that the VP, Underwriting and Claims (UW&C) in each of its markets report solid line to the market lead – MVP, Protection in each location. That person is responsible for day-to-day management of the VP, Protection, UW&C, [Location]. The successful candidate in this role, working closely with each of the UW&C VPs, will be responsible for ensuring that the individual market Underwriting and Claims teams are completing their duties to a high quality (in line with the company’s risk appetite) and that their decisions are balanced and positively impact long-term organisational goals. You will be responsible for setting, in line with the company’s vision, the global vision for the Underwriting and Claims function and ensuring buy-in and alignment from the market pricing teams. You will set and lead our Underwriting and Claims development, including in the areas of the use of technology, the delivery and upkeep of Ocean, and delivering on Underwriting and Claims digital research projects. In fulfilling this aspect of the role, you will be supported by the AVP, Global Underwriting & Claims Development, Protection. In performing this role, you\’ll work with both the Pacific Life Re Strategic Analytics team and UnderwriteMe with the aim of developing reinsurance propositions for clients using data gained from UnderwriteMe and other third-party sources. To provide strong leadership for the global Underwriting and Claims function by ensuring the following across the Protection line of business: Set and communicate the Underwriting and Claims strategy and policies governing new business accepted and claims paid by the company. Ensure that a strong global underwriting and claims community is in place and technical oversight of internal and external underwriting and claims management is in place. Oversight of consistent governance and risk management practices. That decision making across the global function appropriately balances the needs of the company and commercial realities. That the underwriting and claims teams are sufficiently focused on leveraging synergies across other technical teams within the protection line of business including Pricing, Medical Analytics and Strategic Analytics. That the global underwriting and claims response to key emerging risks and issues is appropriate and timely. A culture of risk management is in place such that the global function exhibits strong risk culture and awareness with open/healthy challenge and a proactive approach to identifying, fixing and learning from control failures. Through participation at the GPEC, develop, articulate (through the business planning process) and deliver on the global protection strategy of Pacific Life Re To work with the Strategic Analytics team and UnderwriteMe CEO and Senior Leadership Team to develop strategies with regards to the future direction of Underwriting & Claims and technology solutions across our key Protection markets, and work with the various market MDs and their teams to implement these strategies. In line with the global Pacific Life Re marketing and branding strategy, develop and grow Pacific Life Re brand, including being seen in the industry as the “executive face” of Pacific Life Re’s global Underwriting and Claims Protection team. At least 10 years’ experience in life (re)insurance underwriting and / or claims with an understanding of the underwriting and product dynamics of several markets. Highly commercial and able to negotiate with skill in challenging situations whilst maintaining the integrity of working relationships. Demonstrable track record of effective leadership and people management, motivation and development. Demonstrated ability to make high-quality and well-balanced decisions in the face of ambiguity. Strong knowledge and understanding of risk frameworks and controls. 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. 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 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) • Stakeholder Pension Scheme • Life Assurance • Subsidised Gym Membership • Private Medical Insurance • Season Ticket Loan • Employee Assistance Programme • 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.
Chief Digital Officer (Permanent) employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Digital Officer (Permanent)
✨Tip Number 1
Network with professionals in the life (re)insurance industry, especially those involved in underwriting and claims. Attend industry conferences or webinars to connect with potential colleagues and leaders who can provide insights into the role and company culture.
✨Tip Number 2
Familiarise yourself with the latest trends and technologies in underwriting and claims management. Being knowledgeable about tools like Ocean and data analytics platforms will demonstrate your commitment to innovation and your readiness to lead in this area.
✨Tip Number 3
Prepare to discuss your leadership style and how you’ve successfully managed teams in the past. Highlight specific examples where you’ve balanced commercial needs with risk management, as this is crucial for the Chief Digital Officer role.
✨Tip Number 4
Research Pacific Life Re’s global Protection strategy and be ready to articulate how your vision aligns with theirs. Understanding their goals will help you position yourself as a candidate who can contribute meaningfully to their objectives.
We think you need these skills to ace Chief Digital Officer (Permanent)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting and claims, particularly in life (re)insurance. Use specific examples that demonstrate your leadership skills and decision-making abilities.
Craft a Compelling Cover Letter: In your cover letter, express your understanding of Pacific Life Re’s global Protection business. Discuss how your vision aligns with their goals and how you can contribute to their Underwriting and Claims strategy.
Showcase Leadership Experience: Emphasise your track record in effective leadership and people management. Provide examples of how you've motivated teams and made high-quality decisions in challenging situations.
Highlight Risk Management Knowledge: Demonstrate your understanding of risk frameworks and controls. Include specific instances where you've successfully implemented governance and risk management practices in previous roles.
How to prepare for a job interview at Pacific Life Re
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Chief Digital Officer role and its responsibilities. Familiarise yourself with Pacific Life Re’s Protection line of business and how the Underwriting and Claims function operates within it.
✨Showcase Your Leadership Experience
As this role requires strong leadership skills, be prepared to discuss your previous experiences in leading teams. Highlight specific examples where you motivated and developed your team, and how you navigated challenging situations while maintaining relationships.
✨Demonstrate Your Strategic Thinking
The interviewers will be looking for your ability to think strategically about Underwriting and Claims. Prepare to discuss how you would set and communicate the strategy for these functions, and how you would ensure alignment across different markets.
✨Prepare for Questions on Risk Management
Given the importance of risk management in this role, be ready to answer questions about your knowledge of risk frameworks and controls. Think of examples where you identified and addressed risks effectively in your previous roles.