AVP, Pricing, Capital Solutions
AVP, Pricing, Capital Solutions

AVP, Pricing, Capital Solutions

Full-Time 54000 - 84000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a dynamic Pricing Team and manage bespoke financial reinsurance deals.
  • Company: Join Pacific Life Re, a forward-thinking company focused on diversity and inclusion.
  • Benefits: Enjoy 25 days leave, comprehensive healthcare, and wellness initiatives.
  • Why this job: Make a real impact in a growing team while developing your leadership skills.
  • Qualifications: 5+ years experience in FinRe, strong communication, and team management skills.
  • Other info: Flexible work environment with excellent career growth and team-building activities.

The predicted salary is between 54000 - 84000 Β£ per year.

Capital Solutions is the newest line of business that Pacific Life Re offers to support clients. We are providing financial reinsurance to clients to enhance their balance sheet, either through accessing trapped capital, reducing earnings volatility or monetising value that currently sits off balance sheet.

The Pricing team operates globally and is responsible for carrying out the risk assessment of each deal, alongside proposing appropriate pricing levels to cover this risk. They will also contribute to the structuring of the deals, participate in client conversations and support in refining and implementing our market strategy.

The transactions will typically be of a bespoke nature, covering a range of products and risks across the world. The Capital Solutions team sits alongside the Protection and Savings & Retirement teams to offer a full comprehensive product suite to clients.

We have an exciting opportunity for an individual who is looking to take on a management role within our growing team.

Key responsibilities
  • Team Management
    • Lead and develop the Pricing Team, fostering a high-performance culture through mentoring, coaching and continuous feedback.
    • Oversee the delivery of pricing quotes and the evolution of processes and assumptions, ensuring consistency and rigour across transactions.
    • Define and implement the team’s pricing strategy, ensuring alignment with broader business objectives and market positioning.
  • Risk Assessment & Pricing
    • Oversee, review and provide challenge on the detailed assessments of potential opportunities considering factors such as deal attractiveness, counterparty creditworthiness, market conditions and regulatory requirements.
    • Collaborate with the wider Capital Solutions / PL Re team to support in deal structuring to meet clients' needs, ensuring alignment with PL Re risk appetite.
    • Support Client Solutions and Legal teams to see transactions through to execution; informing commercial strategy throughout the process and ultimately contributing to and reviewing treaty wording before signing.
  • Business Analysis & Support
    • Support the Client Solutions team by attending client meetings, gathering market intel and identifying potential opportunities for PL Re.
    • Monitor market trends, regulatory developments and competitive landscape.
    • Contribute to the development and refinement of strategy for the business line.
  • Process & Assumption Development
    • Contribute to the development of best practices, pricing guidelines and risk appetite and governance frameworks for the Capital Solutions business.
    • Assist in building and maintaining pricing models and tools to enhance efficiency and accuracy.
    • Support in the setting of the capital basis for different risk types, markets and transactions.
Qualifications & Experience
  • Strong technical and problem-solving skills with the ability to work with a wide range of data sets and information.
  • Experience within a FinRe / Structured Solutions team.
  • Experience managing a team; including but not limited to building a team culture, coaching and developing team members and recruiting for key positions.
  • Qualified actuary with a minimum of 5 years post qualified experience.
  • Excellent communication skills with the ability to effectively explain new concepts to stakeholders and collaborate with other teams around the business.
  • Ability to work independently in a flexible, dynamic team with occasional high-pressure deadlines.
  • Pricing experience in the European and/or Asian markets.
  • A strong understanding of capital, financial accounting, balance sheets and regulatory frameworks is desirable.

You can be who you are. 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.

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 employees' 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.

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.

AVP, Pricing, Capital Solutions employer: Pacific RE

At Pacific Life Re, we pride ourselves on being an exceptional employer that values diversity and inclusion while fostering a high-performance culture. Our commitment to employee growth is evident through comprehensive training, mentoring, and a supportive work environment, complemented by generous benefits such as 25 days of annual leave, private healthcare, and wellness initiatives. Located in a dynamic market, our team enjoys a healthy work-life balance, regular social activities, and opportunities to engage with the community, making it a truly rewarding place to build your career.
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Contact Detail:

Pacific RE Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land AVP, Pricing, Capital Solutions

✨Tip Number 1

Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.

✨Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their products and market strategies, especially in Capital Solutions. We want you to walk in with confidence, ready to discuss how you can contribute to their goals.

✨Tip Number 3

Practice your pitch! Be ready to explain your experience and how it aligns with the role of AVP, Pricing, Capital Solutions. We suggest rehearsing with a friend or in front of a mirror to nail down your delivery.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive and engaged with our brand.

We think you need these skills to ace AVP, Pricing, Capital Solutions

Team Management
Risk Assessment
Pricing Strategy Development
Financial Reinsurance Knowledge
Client Relationship Management
Market Analysis
Regulatory Compliance Understanding
Data Analysis
Problem-Solving Skills
Communication Skills
Actuarial Qualifications
Experience in European and Asian Markets
Capital and Financial Accounting Knowledge
Process Improvement
Flexibility in High-Pressure Environments

Some tips for your application 🫑

Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the AVP, Pricing role. Highlight your experience in financial reinsurance and team management to show us you’re the right fit!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about Capital Solutions and how your background makes you a great candidate. We love seeing genuine enthusiasm!

Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled complex problems in the past. We want to see your analytical thinking and how you approach risk assessment and pricing strategies.

Apply Through Our Website: We encourage you to apply directly through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!

How to prepare for a job interview at Pacific RE

✨Know Your Numbers

As an AVP in Pricing, you'll need to demonstrate a strong grasp of financial concepts. Brush up on your understanding of capital, balance sheets, and regulatory frameworks. Be ready to discuss how these elements influence pricing strategies and risk assessments.

✨Showcase Your Leadership Skills

Since this role involves team management, prepare examples that highlight your experience in building a high-performance culture. Think about times you've mentored or coached team members, and be ready to share how you foster collaboration and continuous feedback.

✨Understand the Market Landscape

Familiarise yourself with current market trends, especially in the European and Asian markets. Be prepared to discuss how these trends impact pricing strategies and client solutions. This will show your potential employer that you're proactive and well-informed.

✨Engage in Role-Play Scenarios

Expect to participate in discussions that mimic client conversations. Practise articulating complex concepts clearly and concisely. This will help you demonstrate your excellent communication skills and ability to collaborate effectively with other teams.

AVP, Pricing, Capital Solutions
Pacific RE

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