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 innovation and collaboration.
- Benefits: Enjoy 25 days annual leave, comprehensive healthcare, and wellness initiatives.
- Why this job: Make a real impact in a growing team while developing your leadership skills.
- Qualifications: Qualified actuary with strong technical skills and team management experience.
- Other info: Embrace a culture of diversity, inclusion, and work-life balance.
The predicted salary is between 48000 - 72000 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 teamβs 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.
- 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)- 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.
AVP, Pricing, Capital Solutions in London employer: Pacific RE
Contact Detail:
Pacific RE Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land AVP, Pricing, Capital Solutions in London
β¨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and donβt be shy about asking for introductions. The more people you know, the better your chances of landing that AVP role.
β¨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their Capital Solutions offerings and think about how your experience aligns with their needs. This will help you stand out as a candidate who truly gets what theyβre about.
β¨Tip Number 3
Showcase your leadership skills! Be ready to discuss how you've developed teams and fostered high-performance cultures in the past. Pacific Life Re is looking for someone who can lead the Pricing Team effectively.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets seen by the right people. Plus, it shows youβre genuinely interested in joining our team at Pacific Life Re.
We think you need these skills to ace AVP, Pricing, Capital Solutions in London
Some tips for your application π«‘
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the AVP, Pricing, Capital Solutions role. Highlight your experience in financial reinsurance and team management to show us youβre 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 this role and how your background in pricing and risk assessment can contribute to our team at Pacific Life Re.
Showcase Your Team Management Skills: Since this role involves leading a team, be sure to include examples of how you've successfully managed and developed teams in the past. We love seeing how you foster a high-performance culture!
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way for us to receive your application and ensures you donβt miss out on any important updates from our team!
How to prepare for a job interview at Pacific RE
β¨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 pricing strategies. Be ready to discuss how you would assess deal attractiveness and counterparty creditworthiness.
β¨Showcase Your Leadership Skills
Since this role involves team management, prepare examples of how you've successfully led teams in the past. Think about times when you fostered a high-performance culture or mentored team members. Highlight your coaching style and how it aligns with the company's values.
β¨Be Client-Focused
The role requires collaboration with clients and internal teams. Prepare to discuss your experience in client meetings and how you've gathered market intel. Show that you understand the importance of aligning solutions with client needs and how you can contribute to deal structuring.
β¨Stay Current with Market Trends
Demonstrating awareness of market trends and regulatory developments is crucial. Research recent changes in the financial reinsurance landscape, especially in European and Asian markets. Be prepared to discuss how these trends could impact pricing strategies and business development.