At a Glance
- Tasks: Join our R&D team to develop innovative actuarial assumptions and influence key decisions.
- Company: Global life reinsurer with a commitment to diversity and inclusion.
- Benefits: Generous leave, health insurance, retirement contributions, and gym membership.
- Other info: Dynamic environment with opportunities for professional growth and collaboration.
- Why this job: Make a real impact in the Longevity and Protection markets while mentoring others.
- Qualifications: Qualified actuary with strong analytical skills and experience in reinsurance markets.
The predicted salary is between 60000 - 80000 £ per year.
We are a global life reinsurer working across Europe, Asia, Australia and North America. We are looking for an experienced qualified actuary with background in assumption setting or experience analysis to join our R&D team. The role spans both Longevity and Protection markets, providing opportunities to make a real impact on best‑estimate assumptions.
Responsibilities
- Contribute to the development of market‑leading assumptions by sourcing data, building models and applying innovative approaches to assumption setting.
- Provide robust challenge to assumptions and approaches adopted by Pricing, influencing key decisions when appropriate.
- Build effective working relationships with stakeholders across the company, acting as a trusted advisor to support alignment and adoption of technical recommendations.
- Support and lead actuarial research initiatives, including internal analysis, thought‑leadership work and engagement with academic partners.
- Guide and mentor within the R&D team, coaching junior team members and supporting their development.
Skills & Experience
- Qualified Fellow of the Institute or Faculty of Actuaries, Society of Actuaries or similar, with 3+ years of post‑qualified experience.
- Strong analytical skills and problem‑solving abilities.
- Structured reasoning to solve problems and identify trade‑offs in complex decisions.
- Judgement to deliver in new or evolving areas with increasing independence.
- Understanding of Longevity or Protection reinsurance markets.
- Familiarity with experience studies, trend modelling and pricing within the life insurance industry (including reinsurers, insurers and consultants).
- Proficient in programming languages such as SQL, R or Tyche.
- Knowledge of actuarial techniques such as Generalised Linear Modelling and Survival Modelling, with the ability to apply and guide others.
- High value placed on innovation and continuous improvement, actively contributing ideas and implementing improvements.
- Strong collaboration and interpersonal skills.
- Experience presenting technical topics to varied audiences, influencing senior stakeholders and managing stakeholder relationships to drive alignment and support delivery.
- Ability to work independently and lead workstreams or projects.
- Organised and deadline‑focused.
Benefits (Only for Permanent and Fixed‑Term Employees)
- 25 days of annual leave with option to buy/sell additional days.
- Adoption and fertility leave.
- Generous enhanced parental leave.
- Comprehensive private health insurance coverage for employee and dependents.
- Group life insurance coverage of 9× basic annual salary and group income protection up to 75% of basic annual salary.
- Optical benefits.
- 15% combined employee/employer contributions to savings & retirement.
- Subsidised gym membership.
- Access to Employee Assistance Program.
- Cycle‑to‑Work and electric car salary‑sacrifice schemes.
- Time off for volunteering.
- Charitable matching of employee donations.
Equal Employment Opportunity
We are committed to a culture of diversity and inclusion, supporting all employees to thrive. We provide reasonable adjustments during the recruitment process to ensure equal access for applicants with disabilities. Please contact us about your needs so we can discuss suitable adjustments.
Application
We encourage strong candidates who meet many of the listed requirements to apply.
Senior Actuary, Assumption Development, R&D employer: Pacific Life Re
As a leading global life reinsurer, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to make a meaningful impact in the actuarial field. Our commitment to professional development is evident through mentorship opportunities and innovative projects, while our comprehensive benefits package, including generous parental leave and health insurance, ensures that our team members are well-supported both personally and professionally. Join us in a collaborative culture where your expertise in assumption development can thrive and contribute to shaping the future of the Longevity and Protection markets.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuary, Assumption Development, R&D
✨Tap into Campus Networks
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We think you need these skills to ace Senior Actuary, Assumption Development, R&D
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
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How to prepare for a job interview at Pacific Life Re
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Pacific Life Re.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Pacific Life Re employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
