Want to know if this job is worth applying to?
Greater London, England, United Kingdom
Onsite
Job Title
Actuarial Pricing, ManagerJob Description
The Divisional Pricing team provides support, challenge and insights to 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.
Key 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
Drive and contribute to PL Re wide projects impacting pricing
• 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
Support Pricing team activities and further build on PL Re Pricing methodologies and culture
• 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
– Experience with asset side modelling
– Strong technical and problem-solving skills
– Strong written and verbal communication skills
– 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
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.
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
