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- Tasks: Lead actuarial analysis and insights for Savings & Retirement, engaging with senior management.
- Company: Join Pacific Life Re, a global leader in innovative reinsurance solutions.
- Benefits: Enjoy 25 days annual leave, healthcare coverage, and wellness initiatives like gym memberships.
- Why this job: Make impactful contributions in a dynamic marketplace while developing your skills in a supportive environment.
- Qualifications: Qualified actuary with 5+ years in life insurance or reinsurance; strong analytical and communication skills required.
- Other info: Embrace a culture that values work-life balance and community involvement.
The predicted salary is between 60000 - 84000 £ per year.
Senior Actuary (Manager), Analytics & Insights (S&R)
Senior Actuary (Manager), Analytics & Insights (S&R)
Senior Actuary (Manager), Analytics & Insights (S&R)
Job Title
Senior Actuary (Manager), Analytics & Insights (S&R)
Job Description
The Team
The Actuarial Analytics & Insights, S&R team forms part of the Corporate Actuarial (CA) function within Divisional Business Services (DBS) and is responsible for the Savings and Retirement (S&R) business. The S&R Line of Business delivers Funded and Non-funded reinsurance solutions to global insurance clients, catering for the increasing demand from clients in various jurisdictions for innovative reinsurance support that can transfer both longevity and asset risk.
The team are responsible for performing analysis and communicating insights in relation to both the in-force book and new business across US GAAP, US Statutory (US STAT), Internal Economic Capital (EC) and Bermuda Monetary Authority (BMA) reporting bases. The team\’s focus is on developing a deep understanding of both the asset and liability side of the balance sheets, delivering value-add outcomes that support S&R and wider PL Re\’s strategic priorities.
The team will interact closely with S&R and will be a key part of DBS and PL Re, interacting with CA (including the Valuation team and Actuarial Systems Team), Operations, Finance, R&D, and Pricing.
The Role
We have an exciting opportunity for an individual with a strong actuarial background and relevant experience to join the Corporate Actuarial function as a Manager, focusing on Savings & Retirement (S&R) business.
Reporting to the AVP, Actuarial Analytics & Insights, S&R, this role offers a challenging variety of work, exposure to senior management and excellent opportunities to make positive contributions to S&R and CA. The role requires a good understanding of S&R products, particularly in respect of reporting and balance sheet impacts, as the successful individual will play a key role in offering insights on the quarterly results to senior management. In addition to strong technical understanding, the role requires strong communication skills, with the ability to communicate complex topics to a wide range of audiences.
As part of this role, you will work with other functions within DBS and work with other Corporate Actuarial teams across Pacific Life. Similarly, you will work closely with the S&R Line of Business team, contributing to PL Re\’s success in what is a growing and dynamic marketplace. Strong communication skills, ability to understand new concepts and strong problem-solving skills are therefore required to ensure reporting challenges and opportunities relating to both the inforce book and new initiatives are well understood by relevant stakeholders.
Responsibilities
BAU Activities
- Provide analysis and insights derived from the quarterly reporting process for US GAAP, BMA, US STAT and Economic Capital bases
- Support in the attribution and explanation of results
- Support AVP, Actuarial Analytics & Insights with communication of results to senior management
S&R Initiatives
- Engage with S&R on proposed initiatives, providing feedback and actuarial analysis across all reporting bases
- Support AVP, Actuarial Analytics & Insights on operational readiness for upcoming initiatives
Stakeholder management
- Manage effective networks and demonstrate excellent communication.
- Build relationships with stakeholders in S&R and wider DBS, keeping S&R Corporate Actuarial aware of relevant updates.
Other
- Support non-BAU activities and other corporate actuarial projects, as required.
- Develop skills and knowledge of more junior team members
Qualifications & Experience
Essential
- Qualified actuary with minimum of 5 years\’ experience in life insurance or life reinsurance
- Experience of working within an actuarial reporting function
- Strong understanding of actuarial valuation principles and processes, knowledge and experience of actuarial control cycle is a plus
- Strong understanding of S&R product types and the risks underlying each
- Strong analytical, problem solving and communication skills
- Ability to work on own initiative and pro-actively manage a varied and demanding workload
- Detail-oriented with the ability to work to timelines
- Proven ability to work with other functions, developing and maintaining working relationships with all parties
- Ability to understand and apply new concepts quickly. Shows initiative, flexibility, and resourcefulness
- Embraces change and can work in a fluid environment
Desirable Experience
- Demonstrable knowledge of US GAAP and/or BMA regulations
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)
Leave
- 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
Healthcare
- 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
Savings & Retirement
- 15% combined employee/employer contributions
Wellness
- 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
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.
Pacific Life Re Values
Please click here to view our company values
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Senior Actuary (Manager), Analytics & Insights (S&R) | London, UK employer: Pacific Life
Contact Detail:
Pacific Life Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuary (Manager), Analytics & Insights (S&R) | London, UK
✨Tip Number 1
Familiarise yourself with the latest trends in Savings & Retirement products. Understanding the nuances of these products will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in S&R. Engaging with industry peers can provide valuable insights and may even lead to referrals that could boost your application.
✨Tip Number 3
Brush up on your communication skills, particularly in explaining complex actuarial concepts. Being able to convey intricate information clearly is crucial for this role, so practice articulating your thoughts succinctly.
✨Tip Number 4
Stay updated on US GAAP and BMA regulations as they pertain to actuarial reporting. This knowledge will be essential in demonstrating your expertise during discussions with senior management and stakeholders.
We think you need these skills to ace Senior Actuary (Manager), Analytics & Insights (S&R) | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your actuarial qualifications and relevant experience in life insurance or reinsurance. Emphasise your understanding of S&R products and any specific achievements that demonstrate your analytical and problem-solving skills.
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 US GAAP and BMA regulations.
Showcase Communication Skills: Since strong communication skills are essential for this role, provide examples in your application of how you've effectively communicated complex topics to diverse audiences. This could be through presentations, reports, or stakeholder interactions.
Highlight Team Collaboration: Demonstrate your ability to work collaboratively by mentioning past experiences where you successfully managed relationships with stakeholders or contributed to team projects. This will show your fit within the team-oriented culture of the company.
How to prepare for a job interview at Pacific Life
✨Understand the S&R Landscape
Make sure you have a solid grasp of Savings and Retirement products, especially their reporting and balance sheet impacts. Familiarise yourself with the latest trends in the industry and how they affect actuarial practices.
✨Showcase Your Communication Skills
Since the role requires explaining complex topics to various audiences, practice articulating your thoughts clearly. Prepare examples of how you've successfully communicated intricate actuarial concepts in previous roles.
✨Demonstrate Analytical Prowess
Be ready to discuss your analytical approach to problem-solving. Bring examples of past analyses you've conducted, particularly those that led to actionable insights or improvements in reporting processes.
✨Build Relationships
Highlight your experience in stakeholder management. Discuss how you've built effective networks in previous roles and how you plan to maintain strong relationships within the S&R team and across other functions.
