At a Glance
- Tasks: Lead global Underwriting and Claims teams, ensuring high-quality performance and strategic alignment.
- Company: Pacific Life Re is a leader in the reinsurance industry, focused on protection solutions.
- Benefits: Enjoy perks like a pension scheme, life assurance, gym membership, and private medical insurance.
- Why this job: Join a dynamic team that values innovation, leadership, and community involvement.
- Qualifications: 10+ years in life (re)insurance underwriting/claims with strong leadership skills required.
- Other info: We promote a healthy work-life balance and support community engagement through various initiatives.
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 Governance Officer employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Governance Officer
✨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 learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with Pacific Life Re’s values and mission. Understanding their approach to risk management and governance will help you align your discussions during interviews with their organisational goals.
✨Tip Number 3
Prepare to discuss your leadership style and experiences in managing teams. Highlight specific examples where you've successfully navigated complex decision-making processes, as this role requires strong leadership and the ability to make balanced decisions.
✨Tip Number 4
Stay updated on technological advancements in underwriting and claims management. Being knowledgeable about tools like Ocean and data analytics will demonstrate your commitment to innovation and your readiness to lead in a tech-driven environment.
We think you need these skills to ace Chief Governance Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in life (re)insurance underwriting and claims. Emphasise your leadership roles and any specific achievements that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate your understanding of the global Underwriting and Claims function. Discuss how your experience aligns with the company's vision and how you can contribute to their goals.
Showcase Leadership Skills: Provide examples of your leadership and people management experience. Highlight situations where you successfully motivated teams or made high-quality decisions under pressure, as these are key attributes for the role.
Demonstrate Risk Management Knowledge: Include specific instances where you have implemented risk frameworks or controls in your previous roles. This will show your understanding of the importance of governance and risk management practices in the underwriting and claims process.
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 Governance 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 Leadership Experience
Prepare to discuss your past leadership experiences, particularly in underwriting and claims. Highlight specific examples where you successfully led teams, made high-quality decisions, and navigated challenging situations while maintaining strong relationships.
✨Demonstrate Risk Management Knowledge
Be ready to talk about your understanding of risk frameworks and controls. Provide examples of how you've implemented effective risk management practices in previous roles, and how you would apply this knowledge to the global function at Pacific Life Re.
✨Align with Company Values
Research Pacific Life Re’s culture and values, especially their commitment to diversity, inclusion, and community involvement. Be prepared to discuss how your personal values align with theirs and how you can contribute to fostering a positive work environment.