Development Actuary in London

We are a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a mutual insurance group. 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 nearly or qualified actuary ideally with experience in assumption setting or experience analysis to join the R&D team. You'll contribute to developing the actuarial bases that set our best estimate assumptions — guiding work from initial data analysis through model fitting, validation, and final approval. Previous experience with actuarial techniques like Generalised Linear Models and Survival models would be an advantage.

R&D teams across multiple geographies, including Medical Analytics and Strategic Analytics, our internal teams of experts providing insights into emerging medical advances and of data scientists and engineers respectively Savings and Retirement and Protection teams inside the Reinsurance Division to support on Pricing and Product developments and to ensure that the assumptions developed meet their needs.

How You’ll Help Move Us Forward

• Contribute to the development of market-leading assumptions by sourcing data, building models, and bringing innovative approaches to assumption setting.
• Support actuarial research initiatives, including contributing to internal analysis, thought-leadership work, and engagement with academic partners.
• Provide guidance and mentoring within the R&D team, supporting the development for junior team members.

Nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries or Society of Actuaries or other similar organisation. Familiarity of experience studies, trend modelling, and pricing within the life insurance industry (including reinsurers, insurers and consultancy). Competent in using programming languages (e.g. SQL, R or Tyche). Knowledge of actuarial techniques such as Generalized Linear Models and Survival Models.

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 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 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.
• 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.
• Savings & Retirement.
• Subsidized gym membership.
• Access to Employee Assistance Program.
• Cycle to Work and Electric Car Salary Sacrifice Scheme.
• Time off for volunteering.

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. 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.