At a Glance
- Tasks: Join our team to analyse data and set innovative pricing strategies.
- Company: Pacific Life Re, a global leader in reinsurance with a rich legacy.
- Benefits: Gain hands-on experience, competitive salary, and enjoy a healthy work-life balance.
- Other info: Join a diverse team that values collaboration and personal growth.
- Why this job: Make a real impact in the reinsurance industry while developing your skills.
- Qualifications: Must be a penultimate year student studying Actuarial Science, Maths, or related fields.
The predicted salary is between 22500 - 27500 £ per year.
Pacific Life Re is a global reinsurance company with a strong presence in Europe, Asia, Australia, and North America. With a focus on innovative products and services in areas such as Life, Critical Illness, Income Protection, Longevity and Capital Solutions, we have a legacy of over 150 years of expertise. Backed by our parent company, Pacific Life, we have a commitment to intelligent risk-taking, a selective approach to talent acquisition, and investments in cutting-edge analytical technologies.
We are seeking two talented, ambitious, and dedicated university students to join our team of Actuarial experts in our London office. At Pacific Life Re, we encourage a fresh perspective and value those who are willing to challenge conventional thinking. The successful candidates will join one of our Insurance Pricing or Capital Solutions teams.
The Insurance Pricing team sets cutting edge pricing assumptions for biometric risks across our Savings and Retirement line of business. Our Capital Solutions team is our newest line of business, where we create innovative capital efficient reinsurance solutions to help our clients with balance sheet and earnings management.
To excel in our Internship Programme, you should possess the following qualities:
- You should be a penultimate year student available for a 6 month industry placement that you will complete with Pacific Life Re before returning to university to finish your final year.
- You must be studying Actuarial Science, Maths, MORSE, or a related discipline.
- You must have existing permanent Legal Right To Work in the UK; we are not offering sponsorship for this position.
- Exceptionally strong numeracy and the ability to analyse and interpret complex data.
- A collaborative and team-oriented mindset.
- Excellent written communication skills.
- Strong interpersonal skills.
As a successful applicant, you will gain valuable hands-on experience and develop a comprehensive understanding of our business and the services we offer to our clients. You will be an integral member of a team committed to delivering the highest levels of professionalism.
At Pacific Life Re, you will be expected to model our company values and behaviours on a day-to-day basis. 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 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 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.
Pricing Intern in London employer: Pacific Life Re
At Pacific Life Re, we pride ourselves on being an excellent employer that fosters a collaborative and innovative work culture. Our commitment to employee growth is evident through mentorship opportunities and cross-functional collaboration, allowing you to thrive in your role as Senior Capital Strategy & Reporting Lead. Located in a dynamic environment, we offer competitive benefits and the chance to make a meaningful impact on strategic decisions within the capital management landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Intern 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.
✨Use LinkedIn to Your Advantage
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
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨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 Pricing Intern 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.
