At a Glance
- Tasks: Lead pricing for inforce flow transactions and enhance pricing accuracy.
- Company: Join Pacific Life Re, a leader in bespoke reinsurance solutions.
- Benefits: Enjoy 25 days leave, healthcare, wellness initiatives, and a supportive work culture.
- Other info: Embrace diversity and enjoy a healthy work-life balance in a fun environment.
- Why this job: Make a real impact in the retirement market while developing your actuarial skills.
- Qualifications: 5+ years in actuarial roles with strong leadership and analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
The Savings & Retirement (S&R) team at Pacific Life Re is responsible for sourcing opportunities and executing reinsurance transactions with clients in our target global retirement markets. We deliver bespoke reinsurance solutions to our clients to support policyholders’ retirement needs and financial goals.
The Deal Pricing team within S&R is responsible for pricing all products and reinsurance structures across our global markets. We focus on modelling cashflows, capital, and deal metrics, with an emphasis on asset pricing for funded reinsurance transactions.
We have an opportunity for an experienced Actuary to join our team focusing on pricing flow transactions. The ideal candidate will have deep knowledge and experience in structuring deals and developing and modelling investment solutions to back insurance liabilities.
The Role
You will be leading a team responsible for pricing inforce flow transactions for saving and retirement deals, delivering prices according to schedules, and working closely with the Client Solutions team, Pricing & Portfolio Solutions (PPS) team, and Finance and Operations teams.
Key Responsibilities:
- Price Delivery: Lead the pricing of inforce flow transactions on a regular cadence, ensuring timely delivery against schedules. Perform detailed analysis to support internal governance and approvals.
- Assumptions & Model Oversight: Lead regular reviews of pricing assumptions, investment strategies, and model developments. Identify opportunities to enhance pricing accuracy and competitiveness, and drive continuous model improvement.
- Reporting & Insights: Oversee new business metrics and management reporting for flow transactions, providing clear insights to support decision-making and performance monitoring.
- Process Optimisation: Drive process improvement initiatives to enhance scalability and efficiency. Strengthen operational processes and model risk controls, while maintaining high-quality and up-to-date documentation.
- Stakeholder Engagement: Build and maintain strong working relationships with Client Solutions, Pricing & Portfolio Solutions (PPS), Corporate Actuarial, and Operations teams. Collaborate effectively to support pricing delivery and ensure seamless downstream execution.
Qualifications & Experience
- Professional qualifications (IFoA, SOA, or similar) with 5+ years of professional experience in an actuarial team.
- Managerial experience with a forward-thinking mindset, with the ability to lead a team to deliver pricing according to planned schedules.
- Highly organised with strong project and workflow management skills. Able to prioritise effectively, adapt to changing priorities, and ensure timely delivery against deadlines.
- Ability to critically analyse model outputs, identify key drivers, and propose pricing improvements.
- Strong communication skills. Able to communicate complex actuarial concepts to a range of audiences both verbally and written. Track record of stakeholder management & seeking approvals/pitching.
- Experience in insurance/reinsurance pricing for asset intensive business. Understanding of market risks (interest rates, FX, credit spread, liquidity).
- Deal structuring experience, with relevant experience relating to collateral structures and developing investment strategies, is an advantage.
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
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.
Pricing Manager, S&R in London employer: Pacific Life Re
At Pacific Life Re, we pride ourselves on being an exceptional employer that values the unique contributions of each team member. Our collaborative work culture fosters professional growth through continuous learning and development opportunities, while our commitment to employee well-being is reflected in our generous benefits package and emphasis on work-life balance. Located in a vibrant community, we not only support our employees' career ambitions but also encourage their involvement in charitable initiatives, making it a truly rewarding place to work.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Manager, S&R in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work at Pacific Life Re. A friendly chat can open doors and give you insider info about the role.
✨Tip Number 2
Prepare for the interview by brushing up on your pricing knowledge and deal structuring experience. Be ready to discuss how you've tackled similar challenges in the past and how you can bring value to the team.
✨Tip Number 3
Showcase your communication skills! Practice explaining complex actuarial concepts in simple terms. This will help you connect with various stakeholders during the interview process.
✨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 awesome team at Pacific Life Re.
We think you need these skills to ace Pricing Manager, S&R in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Pricing Manager role. Highlight your experience in pricing, deal structuring, and stakeholder management, as these are key aspects of the job.
Showcase Your Skills:Don’t just list your qualifications; demonstrate how your skills align with the responsibilities mentioned in the job description. Use specific examples from your past work to illustrate your expertise in actuarial practices and model oversight.
Be Clear and Concise:Keep your application straightforward and to the point. Use clear language to communicate your achievements and avoid jargon unless it’s relevant to the role. We want to see your personality shine through!
Apply Through Our Website:We encourage you to submit your application directly through our website. This ensures that your application gets to the right people quickly and helps us keep track of all candidates efficiently.
How to prepare for a job interview at Pacific Life Re
✨Know Your Numbers
As a Pricing Manager, you'll need to demonstrate your expertise in pricing models and cashflow analysis. Brush up on key metrics and be ready to discuss how you've used data to drive pricing decisions in the past.
✨Showcase Your Leadership Skills
Since this role involves leading a team, be prepared to share examples of how you've successfully managed projects and guided teams. Highlight your ability to motivate others and deliver results under pressure.
✨Understand the Market Landscape
Familiarise yourself with current trends in the insurance and reinsurance markets, especially regarding asset-intensive businesses. Be ready to discuss how market risks can impact pricing strategies and how you would address them.
✨Communicate Clearly
Strong communication skills are crucial for this role. Practice explaining complex actuarial concepts in simple terms, as you'll need to engage with various stakeholders. Think about how you can convey your ideas effectively during the interview.
