At a Glance
- Tasks: Join our team to analyse financial results and provide insights for the Protection business.
- Company: Pacific Life Re, a global leader in life reinsurance with a focus on innovation.
- Benefits: Enjoy 25 days annual leave, comprehensive healthcare, and wellness initiatives.
- Other info: Embrace a culture of diversity, inclusion, and continuous improvement.
- Why this job: Make a real impact in a dynamic environment while developing your actuarial skills.
- Qualifications: Qualified actuary with experience in life insurance or reinsurance preferred.
The predicted salary is between 56700 - 69300 £ per year.
Pacific Life Re is a global life reinsurer operating across Europe, Asia, Australia and North America, and part of Pacific Life, a mutual insurance group. We do things differently: challenging industry thinking, innovating with purpose and delivering high-quality protection, savings and retirement reinsurance solutions.
The Actuarial Analytics & Insights, Protection team sits within Corporate Actuarial (CA), part of Divisional Business Services (DBS), and supports the Protection Line of Business. The team analyses financial results and balance sheet movements across US GAAP, Internal Economic Capital (EC), Bermuda Monetary Authority (BMA) and relevant regional statutory bases. Its focus is to generate clear insight, deepen understanding of Protection performance and support PL Re’s strategic priorities. The team works closely with Valuation, Actuarial Systems & Projects, Finance, Operations, R&D and the wider Protection business.
This is an exciting opportunity for a strong actuary to join the Protection AA&I team at PL Re. Reporting to the AVP, AA&I, Protection, Europe, the role offers varied, high-impact work, exposure to senior management and the chance to influence the future direction of Europe Protection and wider PL Re. It requires strong actuarial judgement, commercial awareness and the ability to explain risks, results and balance sheet movements clearly. The successful candidate will lead analysis of quarterly business results, translate findings into clear insight and help identify opportunities that add value to the Europe Protection business. The role works across DBS, CA and the Protection Line of Business, requiring strong stakeholder management, fast learning and practical problem solving. The candidate will help ensure reporting challenges, financial impacts and new initiatives are well understood and effectively managed. Alongside reporting and analytics, the role will support continuous improvement initiatives, including system migrations, enhancements and broader process improvements. Other work will include model and reporting fixes, experience analysis impact assessments, and investigations into methodology, assumption or system-driven reporting impacts.
Role Responsibilities
- Contribute to the Protection AA&I team’s strategic priorities and strengthen understanding of Protection financial results.
- Analyse and explain quarterly financial results, including:
- Attributing and explaining key result movements.
- Using scenarios and sensitivities to explain financial dynamics.
- Providing clear insight and proposed management actions for Protection results and balance sheets.
- Identify and assess value-add opportunities for the Europe Protection business, grounded in a strong understanding of its economic performance.
- Support the scoping, delivery and implementation of process, system and methodology enhancements.
- Manage stakeholders effectively by:
- Building effective networks and communicating with clarity.
- Developing strong relationships across Protection and wider DBS.
Skills & Experience
- Essential
- Qualified actuary (or equivalent actuarial experience)
- Experience working in life insurance or reinsurance, ideally with exposure to the UK Protection market
- Proven ability to investigate and explain financial movements.
- Strong analytical and problem-solving skills
- Experience working with actuarial models
- Ability to manage multiple priorities and deliver to tight deadlines
- Strong communication skills
- Desirable
- Strong understanding of actuarial reporting and financial result analysis
- Experience supporting actuarial or finance system implementations
- Exposure to Oracle Fusion ERP and/or Oracle EPM solutions
- Knowledge of US GAAP, IFRS 4, Solvency II, Bermuda/Economic Capital or related reporting frameworks
- Experience supporting UAT and business readiness activities
Competencies and Behaviours:
- Prioritises effectively under tight deadlines
- Stakeholder management and business engagement
- Learns quickly, shows initiative and adapts with flexibility and resourcefulness.
- Self-starter with a solution-focused mindset
- Embraces change and can work in a fluid environment
- Pragmatic, able to balance accuracy with effort
- Collaborates effectively across functions and maintains strong working relationships
Company Values & Behaviours
The culture of our business is important to us. At Pacific Life Re you will be expected to model our company values and behaviours on a day-to-day basis.
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)
- Leave
- 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
- Healthcare
- 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
- Savings & Retirement
- 15% combined employee/employer contributions
- Wellness
- 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
You Can Be Who You Are
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. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
Pacific Life Re Values
Please click here to view our company values.
Corporate Actuary, Actuarial Analytics & Insights, Protection, Europe in London employer: Pacific Life Re
As a global life reinsurer, we offer an exceptional work environment that fosters innovation and excellence. Our collaborative culture encourages employees to challenge the status quo, providing ample opportunities for professional growth and development. Located in Europe, we pride ourselves on our commitment to employee well-being and a supportive atmosphere that values diverse perspectives.
StudySmarter Expert Advice🤫
We think this is how you could land Corporate Actuary, Actuarial Analytics & Insights, Protection, Europe in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Pacific Life Re). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Pacific Life Re. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Corporate Actuary, Actuarial Analytics & Insights, Protection, Europe in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Pacific Life Re.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Pacific Life Re. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Pacific Life Re
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Pacific Life Re to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Pacific Life Re, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Pacific Life Re's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
