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- Tasks: Lead pricing strategies and collaborate with global experts to enhance pricing methodologies.
- Company: Join a dynamic team at Pacific Life Re, committed to innovation and collaboration.
- Benefits: Enjoy 25 days annual leave, comprehensive healthcare, and wellness initiatives.
- Why this job: Make a real impact in pricing while working with diverse teams across the globe.
- Qualifications: Qualified actuary with strong problem-solving skills and a passion for data analysis.
- Other info: Embrace a culture that values work-life balance and community involvement.
The predicted salary is between 36000 - 60000 £ per year.
The Divisional Pricing team provides support, challenge and insights to the entire span of pricing teams across lines of business and global regions. In parallel, we provide assurance to the most senior leadership in PL Re and PL that as a Division we are adhering to the pricing principles, controls and targets under which the business sets out to operate. We are looking for an innovative and technically strong actuary to join the Divisional Pricing team as a Manager reporting directly into the VP Pricing. The role will be on a team exposed to a range of global markets and have the opportunity to work with a variety of experts including actuaries, underwriters, medical personnel, data scientists and senior management as well as with a range of data sources and methodologies.
Responsibilities
- Build strong working relationships with global actuarial pricing, risk and capital management teams.
- Provide robust oversight to the pricing function through:
- Reviewing front line pricing on the largest and most non-standard quotes
- Conducting deep dives to understand and ensure appropriateness of current assumptions, application and methodologies
- Ensuring non-decrement assumptions are up to date and consistent across the division
- Monitoring and reporting of Enterprise Pricing Metrics at a product family and PL Re level
- Develop division wide methodologies (leveraging existing methodology where appropriate) and continue to build PL Re pricing reference library
- Pursue consistency of pricing methodology and process across regions and lines of business by identifying and setting best practice
- Ensure the continued evolution of analytic techniques in pricing through thought leadership
- Provide support and thought leadership for the pricing of new risks or novel reinsurance structures
- Facilitate and encourage cross region and LoB collaboration via divisional projects.
- Define and ensure consistent PL Re pricing culture
- Provide regular and transparent updates to Pricing teams and the wider business
Desirable Qualifications & Experience
- Qualified Actuary
- Ability to work independently in a small, flexible and dynamic team
- Strong technical and problem-solving skills
- Strong written and verbal communication skills
- Prior Pricing experience in any line of business or region
- Experience with statistical methods or a demonstrated interest and eagerness to develop skills in this area
- Interest in programming and comfortable with or willing to learn software packages, such as Tableau, SQL and R.
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
Manager, Pricing, Divisional employer: Pacific RE
Contact Detail:
Pacific RE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager, Pricing, Divisional
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at companies you’re interested in. Building relationships can open doors that a CV just can’t.
✨Ace the Interview
Prepare for your interviews by researching the company and practising common questions. Think about how your skills align with the role of Manager, Pricing, Divisional, and be ready to share specific examples from your experience. Confidence is key!
✨Show Your Passion
When you get the chance to chat with potential employers, let your enthusiasm shine through! Talk about why you’re excited about pricing and how you can contribute to their team. A genuine interest can set you apart from other candidates.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our awesome team at Pacific Life Re.
We think you need these skills to ace Manager, Pricing, Divisional
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Manager, Pricing role. Highlight your actuarial qualifications and any relevant pricing experience to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing and how your background makes you a perfect fit for our team. Be genuine and let your personality come through.
Showcase Your Technical Skills: Since we're looking for someone with strong technical abilities, don’t forget to mention your experience with statistical methods and any programming languages you know. If you're eager to learn new software, let us know!
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 and helps us keep track of all the amazing talent out there!
How to prepare for a job interview at Pacific RE
✨Know Your Numbers
As a Manager in Pricing, you'll need to demonstrate your strong technical skills. Brush up on key pricing metrics and methodologies relevant to the role. Be ready to discuss how you've applied these in past experiences, especially in relation to non-standard quotes.
✨Build Relationships
This role involves collaboration with various teams. Think about examples where you've successfully built relationships across departments. Prepare to share how you can foster teamwork and communication, particularly in a dynamic environment like pricing.
✨Showcase Your Problem-Solving Skills
Expect questions that assess your analytical thinking. Prepare to discuss specific challenges you've faced in pricing or actuarial work and how you approached them. Highlight your ability to adapt methodologies and ensure consistency across different lines of business.
✨Be Ready to Discuss Software Skills
Familiarity with tools like Tableau, SQL, and R is a plus. If you have experience with these, be prepared to talk about how you've used them in your previous roles. If you're still learning, express your eagerness to develop these skills further and how they can benefit the team.
