At a Glance
- Tasks: Lead innovative health analytics projects and develop impactful models for annuities.
- Company: Join a global life reinsurer that values innovation and excellence.
- Benefits: Enjoy 25 days leave, comprehensive healthcare, and wellness initiatives.
- Other info: Dynamic team culture with a focus on diversity, inclusion, and career growth.
- Why this job: Make a real difference in the insurance industry with your analytical skills.
- Qualifications: Strong analytical skills and experience in health-related data modelling required.
The predicted salary is between 63000 - 77000 £ per year.
We are a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a mutual insurance group. Fuelled by our pursuit of excellence and a quest to innovate, we’re proud to do things differently. Our people are not afraid to disrupt and challenge industry thinking and provide the best protection, savings and retirement reinsurance products and services possible.
We have an exciting opportunity for a Manager with strong technical skills and experience in biometric risk modelling to join the R&D Medical Analytics team. This is an exciting time to join as we build our insured annuities business and invest in the analytics, modelling and assumption-setting capability needed to support future growth. With access to rich health and underwriting data, you will play a key role in developing the assumptions, models and insights that underpin our individual and enhanced annuities proposition.
Medical Analytics is a multidisciplinary team that works at the intersection of insurance, health and data science. The team combines data-driven and medically-informed insights to support assumption setting, product development, pricing, underwriting and strategic decision-making. The team also assesses emerging developments across the health landscape, translating information from a range of sources into actionable business insights.
You will support the Head of Medical Analytics with managing and conducting health-related analytical projects, with a core remit of supporting basis development, pricing and underwriting rules for UK individual and enhanced annuities products. Responsibilities include planning, evidence synthesis, data sourcing, data analysis, model design, validation and results communication. As part of these projects, you will be transforming quantitative and qualitative analysis into assumptions and uplifts for use in the rest of the business. The role requires strong problem solving, project management and stakeholder management skills.
You will work closely with other teams including:
- Savings and Retirement and Protection teams inside the Reinsurance Division to support on pricing, product development and underwriting philosophy, and to ensure that the assumptions developed and analyses conducted meet their needs.
- R&D teams including the Basis Development, Strategic Analytics teams, and R&D teams in other geographies across the Division.
Role Responsibilities:
- Conducting analytical projects to support UK individual and enhanced annuities basis development, including project and stakeholder management.
- Contributing to analytical projects in the Medical Analytics or wider R&D team.
- Contribute to wider research initiatives such as thought leadership articles and building relationships with relevant health analytics networks.
- Support and participate in knowledge sharing in the team, across a range of skills and health-related topics.
Desirable Skills & Experience:
- Qualified Fellow of the Institute or Faculty of Actuaries or other similar actuarial organisation; or advanced qualification in a health-related subject (e.g. Masters/PhD in Epidemiology, Biostatistics, Health Data Science or Health Economics).
- Strong analytical skills and independent problem-solving abilities applied in health-related contexts.
- Excellent organisational skills and able to coordinate the work of multi-disciplinary teams in fast-paced commercial settings.
- Proficient in turning quantitative and qualitative insights into practical and actionable outcomes.
- Experience in explaining complex technical or commercial issues to a variety of audiences, via written and spoken communication.
- Knowledge of modelling techniques such as survival models, disease progression models, simulation models, intervention models and causal inference.
- An understanding of the reinsurance or insurance industry, particularly pricing, underwriting or assumption setting processes. Experience of working with pricing and underwriting teams is particularly advantageous.
- Knowledge of health data standards, health systems organisation or the pharmaceutical life cycle.
- Ability to rapidly appraise medical research and synthesise evidence to inform analyses and commercial decision making.
- Proficient in production-quality statistical programming, using languages such as R or Python.
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.
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.
Manager, Medical Analytics, R&D 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 Manager, Medical Analytics, R&D
✨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
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 Manager, Medical Analytics, R&D
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.