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- Tasks: Join our team to deliver innovative insurance pricing solutions for Savings and Retirement products.
- Company: Pacific Life Re, a dynamic company valuing unique contributions and teamwork.
- Benefits: Enjoy 25 days leave, healthcare coverage, wellness initiatives, and a supportive work-life balance.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: Qualified actuary with strong analytical skills and relevant experience in (re)insurance.
- Other info: Engage in team-building activities and community involvement opportunities.
The predicted salary is between 36000 - 60000 £ 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 an Actuary for our Insurance pricing team. They will be supporting the S&R Line of Business through tender activity and ongoing technical/pricing support. 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.
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 S&R Leadership Team, COO 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 the S&R line of business
- 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 A&R 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.
- Support the Client Solutions team in building in new business acquisition, 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 and working closely with R&D.
- Working closely with the Deal pricing team on our overall quote proposition to deliver the best solutions for our clients.
- Have strong and relevant technical experience in (re)insurance, consultancy or another statistical pricing role
- Be a qualified actuary with relevant post qualified experience.
- Have a good understanding of the insurance market
- Be highly analytical, ideally with strong experience analysis background this could be attained in an alternative market for example General insurance
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):- 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.
Insurance Pricing Actuary, Savings & Retirement employer: Pacific RE
Contact Detail:
Pacific RE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Pricing Actuary, Savings & Retirement
✨Tip Number 1
Network like a pro! Reach out to current employees at Pacific Life Re on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills and industry knowledge. Be ready to discuss your experience with pricing analysis and how it relates to the Savings & Retirement sector.
✨Tip Number 3
Show off your creative side! Think of innovative solutions or improvements you could bring to the team. Presenting fresh ideas can really impress the hiring managers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Insurance Pricing Actuary, Savings & Retirement
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Insurance Pricing Actuary role. Highlight your relevant experience in pricing and analysis, and don’t forget to showcase your qualifications as a qualified actuary. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the Savings & Retirement sector and how your background makes you a great fit for our team. Keep it engaging and personal – we love to see your personality come through!
Showcase Your Analytical Skills: Since this role is all about analysis, make sure to highlight any specific projects or experiences where you’ve successfully used your analytical skills. We’re keen to see how you’ve tackled complex problems and derived insights from data in your previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Pacific RE
✨Know Your Numbers
As an aspiring Insurance Pricing Actuary, it's crucial to brush up on your technical knowledge. Familiarise yourself with the latest pricing techniques and analytical methods relevant to Savings and Retirement products. Be ready to discuss how you’ve applied these in past roles or projects.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Bring examples of how you've analysed experience data to identify trends and derive pricing bases. This will not only highlight your skills but also show your understanding of the role's requirements.
✨Communicate Clearly
Effective communication is key in this role. Practice explaining complex actuarial concepts in simple terms, as you'll need to convey findings to stakeholders across the business. Consider preparing a brief presentation on a past project to showcase your ability to communicate results effectively.
✨Understand the Company Culture
Research Pacific Life Re’s values and culture before your interview. They value teamwork, creativity, and a healthy work-life balance. Be prepared to discuss how your personal values align with theirs and how you can contribute to their team-building initiatives and community involvement.
