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- Tasks: Join our team to deliver innovative insurance pricing solutions for Savings and Retirement products.
- Company: Pacific Life Re, a dynamic company valuing unique contributions and teamwork.
- Benefits: Enjoy 25 days leave, healthcare, wellness initiatives, and a supportive work-life balance.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: Qualified actuary with strong analytical skills and relevant experience in insurance or consultancy.
- Other info: Engage in team-building activities and community involvement through charity events.
The predicted salary is between 36000 - 60000 £ per year.
The Savings & Retirement Insurance Pricing team are 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 be supporting 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.
- 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
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 in London 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 in London
✨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 using online platforms to get comfortable.
✨Tip Number 3
Showcase your analytical skills! Bring examples of your past work that demonstrate your pricing expertise and experience analysis. 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 seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Pacific Life Re.
We think you need these skills to ace Insurance Pricing Actuary, Savings in London
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 your qualifications as a qualified actuary. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the Savings & Retirement sector and how your background makes you a perfect fit for our team. Let us know what excites you about working with us at Pacific Life Re.
Showcase Your Analytical Skills: Since this role is all about analysis, make sure to highlight any specific projects or experiences where you’ve successfully used your analytical skills. We love seeing how you’ve tackled challenges and derived insights from data!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we can’t wait to see your application come through!
How to prepare for a job interview at Pacific Life Re
✨Know Your Numbers
As an Insurance Pricing Actuary, you'll need to demonstrate your strong analytical skills. Brush up on your experience analysis and be ready to discuss how you've used data to derive pricing assumptions in the past. Prepare specific examples that showcase your technical expertise.
✨Understand the Market
Familiarise yourself with the latest trends in the insurance market, especially in Savings and Retirement products. Being able to discuss current industry developments will show your proactive approach and commitment to staying informed, which is crucial for this role.
✨Communicate Clearly
You'll be communicating findings to various stakeholders, so practice explaining complex actuarial concepts in simple terms. Think about how you can present your ideas clearly and concisely, as effective communication is key to gaining buy-in from the leadership team.
✨Show Your Creative Side
This role requires creative thinking to develop innovative pricing solutions. Prepare to discuss instances where you've thought outside the box to solve problems or improve processes. Highlighting your creativity will set you apart from other candidates.
