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- Tasks: Join our team to analyse data and deliver innovative insurance pricing solutions.
- Company: Pacific Life Re, a global leader in insurance with a fun and supportive culture.
- Benefits: Enjoy 25 days annual leave, healthcare, wellness initiatives, and a great work-life balance.
- Why this job: Make a real impact in the insurance industry while developing your skills in a dynamic environment.
- Qualifications: Qualified actuary with strong analytical skills and relevant experience in insurance or consultancy.
- Other info: Be part of a diverse team that values your unique contributions and supports community involvement.
The predicted salary is between 36000 - 60000 £ per year.
The Savings & Retirement Insurance Pricing team is responsible for producing the best estimate insurance assumptions for clients in our global markets. The team responsibilities are across Pension Risk transfer, Individual Retirement and Savings for Retirement products.
We are looking to hire an Actuary for our Insurance pricing team. They will support the S&R Line of Business through tender activity and ongoing technical/pricing support. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.
As a proactive and technical actuary, you will be working on a team to deliver Savings and Retirement quotes for clients. Your expertise in pricing and experience analysis will support you as you work alongside the client solutions team to deliver creative solutions and support market growth, whilst meeting the needs of our clients. Working together with the wider pricing team you will deliver high quality pricing analysis on quote opportunities for clients and will present the opportunity through the internal governance process gaining significant visibility with the S&R Leadership Team, COO and CEO. As a creative thinker you will support the development of PLRe pricing sophistication by understanding latest pricing and analytical techniques and continuously improving internal approaches and processes.
Key Responsibilities
- Supporting the delivery of new business quotations for the S&R line of business
- Analysing experience data to determine trends in order to derive the technical pricing basis.
- Communicating results/findings to stakeholders across the business
- Maintain a thorough and up to date knowledge of A&R pricing and of industry trends.
- Responsible for ensuring those developments are considered and where appropriate reflected in the pricing of S&R business as well as in the provision of technical support, risk assessment and pricing expertise to clients and colleagues.
- Support the Client Solutions team in building in new business acquisition, maintaining effective relationships with clients and promoting the Pacific Life Re brand.
- Supporting internal strategic projects including but not limited to the improvement of pricing processes, assessment of new rating factors for use in Pricing and working closely with R&D.
- Working closely with the Deal pricing team on our overall quote proposition to deliver the best solutions for our clients.
Qualifications & Experience
- Have strong and relevant technical experience in (re)insurance, consultancy or another statistical pricing role
- Be a qualified actuary with relevant post qualified experience.
- Have a good understanding of the insurance market
- Be highly analytical, ideally with strong experience analysis background this could be attained in an alternative market for example General insurance
Working For Pacific Life Re
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
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.
Insurance Pricing Actuary, Savings & Retirement employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Pricing Actuary, Savings & Retirement
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and actuarial fields. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. Think about how your experience aligns with the role of an Insurance Pricing Actuary. We recommend doing mock interviews with friends or mentors to boost your confidence.
✨Tip Number 3
Showcase your analytical skills! Bring examples of your past work that demonstrate your pricing expertise and problem-solving abilities. Use data visualisations or case studies to make your points clear and impactful during discussions.
✨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. Let’s get you on board!
We think you need these skills to ace Insurance Pricing Actuary, Savings & Retirement
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Insurance Pricing Actuary role. Highlight your relevant experience in pricing and analysis, and don’t forget to showcase any specific projects that align with our Savings & Retirement focus.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your skills can contribute to our team. Be sure to mention your understanding of the insurance market and your analytical prowess.
Showcase Your Technical Skills: We love a candidate who can demonstrate their technical expertise! Include examples of your experience with statistical pricing or any relevant software tools you've used. This will help us see how you can hit the ground running.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Pacific Life Re!
How to prepare for a job interview at Pacific Life Re
✨Know Your Numbers
As an actuary, you'll need to demonstrate your strong analytical skills. Brush up on your experience analysis and be ready to discuss how you've derived technical pricing bases from data trends in previous roles. This will show your potential employer that you can hit the ground running.
✨Understand the Market
Make sure you're well-versed in the latest trends in the insurance market, especially in Savings and Retirement products. Being able to discuss current industry developments and how they impact pricing strategies will impress your interviewers and show that you're proactive about staying informed.
✨Communicate Clearly
You'll need to communicate complex findings to various stakeholders. Practice explaining your past projects and results in a clear and concise manner. Use examples that highlight your ability to translate technical jargon into understandable insights for clients and colleagues alike.
✨Show Your Creative Side
The role requires creative thinking to develop innovative pricing solutions. Prepare to share examples of how you've approached problems with fresh ideas or improved processes in your previous work. This will demonstrate your ability to contribute to the team's growth and adaptability in a fast-paced environment.
