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- Tasks: Lead a team to deliver innovative insurance pricing solutions for clients.
- Company: Join Pacific Life Re, a global leader in insurance and retirement solutions.
- Benefits: Enjoy perks like remote work options, wellness benefits, and a supportive work culture.
- Why this job: Be part of a dynamic team that values creativity and professional growth.
- Qualifications: Qualified actuary with 3+ years experience; strong communication and analytical skills required.
- Other info: We promote a healthy work-life balance and community involvement through various initiatives.
The predicted salary is between 43200 - 72000 £ per year.
The Savings & Retirement Insurance Pricing team are responsible for producing the best estimate insurance assumptions for clients in our global markets. The team responsibilities are across Pension Risk transfer, Individual Retirement and Savings for Retirement products.
We are looking to hire a Manager for our Insurance pricing team. They will support our tender activity across a range of markets through ongoing technical/pricing work. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.
As a proactive and technical actuary, you will be working on a team to deliver Savings and Retirement quotes for clients. Your expertise in pricing and experience analysis will support you as you work alongside the client solutions team to deliver creative solutions and support market growth, whilst meeting the needs of our clients.
You will also be responsible for managing the insurance pricing actuaries and analysts within the team. Working together with the wider pricing team you will deliver high quality pricing analysis on quote opportunities for clients and will present the opportunity through the internal governance process gaining significant visibility with the Savings & Retirement Executive Committee, Chief Operating Officer and CEO.
As a creative thinker you will support the development of PLRe pricing sophistication by understanding latest pricing and analytical techniques and continuously improving internal approaches and processes.
Key responsibilities
- Supporting the delivery of new business quotations for our clients and supporting our opportunistic market insurance pricing.
- Analysing experience data to determine trends in order to derive the technical pricing basis.
- Communicating results/findings to stakeholders across the business.
- Maintain a thorough and up to date knowledge of relevant insurance pricing and of industry trends.
- Responsible for ensuring those developments are considered and where appropriate reflected in the pricing of S&R business as well as in the provision of technical support, risk assessment and pricing expertise to clients and colleagues.
- Supporting the Client solutions team in building and maintaining effective relationships with clients and promoting the Pacific Life Re brand.
- Supporting internal strategic projects including but not limited to the improvement of pricing processes, assessment of new rating factors for use in Pricing etc.
- Working closely with the Deal pricing team on our overall quote proposition to deliver the best solutions for our clients.
Qualifications & Experience
- Have strong and relevant technical experience in (re)insurance, consultancy or another statistical role.
- Experience in GLM and advanced statistical techniques would be preferable.
- Experience in a pricing role is not essential but would be advantageous.
- Be a qualified actuary (a member of the IFoA or SOA) with 3+ years of post-qualified experience.
- Have experience in experience analysis and basis setting, including but not limited to mortality, dependent, and lapse assumptions.
- Have strong communication skills. Able to communicate complex actuarial concepts to a range of audiences both verbally and written.
- Have experience in people management and supporting newly qualified actuaries and actuarial analysts in their work.
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)
- Stakeholder Pension Scheme
- Life Assurance
- Subsidised Gym Membership
- Private Medical Insurance
- Season Ticket Loan
- Eye Care
- Employee Assistance Programme
- Group Income Protection
- Wellness Benefits
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 (Senior Pricing Actuary), Insurance Pricing, Savings & Retirement | London, UK employer: Pacific Life
Contact Detail:
Pacific Life Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager (Senior Pricing Actuary), Insurance Pricing, Savings & Retirement | London, UK
✨Tip Number 1
Familiarise yourself with the latest trends in insurance pricing and statistical techniques. This knowledge will not only help you during interviews but also demonstrate your proactive approach to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance and actuarial fields, especially those who work in pricing. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Pacific Life Re.
✨Tip Number 3
Prepare to discuss your experience in managing teams and mentoring junior actuaries. Highlight specific examples of how you've supported their development, as this is a key aspect of the role you're applying for.
✨Tip Number 4
Be ready to articulate how you can contribute to improving internal processes and pricing sophistication. Think of innovative ideas or past experiences where you've successfully implemented changes that benefited your team or organisation.
We think you need these skills to ace Manager (Senior Pricing Actuary), Insurance Pricing, Savings & Retirement | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance pricing, actuarial analysis, and team management. Use specific examples that demonstrate your technical skills and ability to communicate complex concepts.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities outlined in the job description, particularly your experience with GLM and statistical techniques.
Showcase Your Communication Skills: Since strong communication skills are essential for this role, consider including examples of how you've effectively communicated complex actuarial concepts to various stakeholders in your application.
Highlight Leadership Experience: If you have experience managing teams or mentoring junior actuaries, be sure to include this in your application. Emphasise your ability to support and develop talent within your team.
How to prepare for a job interview at Pacific Life
✨Showcase Your Technical Expertise
As a Manager (Senior Pricing Actuary), it's crucial to demonstrate your strong technical background in insurance pricing and statistical analysis. Be prepared to discuss specific projects where you've applied GLM or advanced statistical techniques, and how these contributed to successful outcomes.
✨Communicate Clearly
You'll need to convey complex actuarial concepts to various stakeholders. Practice explaining your past work in simple terms, focusing on the impact of your findings. This will show your ability to bridge the gap between technical details and business needs.
✨Highlight People Management Skills
Since you'll be managing a team, share examples of how you've supported and developed junior actuaries or analysts in their roles. Discuss your approach to mentoring and how you foster a collaborative environment within your team.
✨Stay Updated on Industry Trends
Demonstrating a thorough understanding of current trends in insurance pricing is key. Research recent developments in the field and be ready to discuss how these could influence your work and the company's pricing strategies.
