Manager, Actuarial Pricing

Pacific Life; Hamilton; On-site; CAD 110,000 - 170,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Life and AD&D

Long Term Disability Insurance

Group Registered Pension Plan

Social insurance and payroll tax

Corporate Travel Insurance

Gym Membership

Housing Allowance

Job summary

Pacific Life Re's Savings & Retirement team seeks an experienced pricing actuary to drive quotes across S&R products and markets. You will lead pricing initiatives, develop asset pricing approaches, and collaborate with investment and client solutions teams to optimize capital structures and manage risk.

The role requires 5+ years in actuarial or investment pricing, strong technical skills in actuarial/asset modelling, and professional qualifications (SOA/IFoA/CFA).

Qualifications

• 5+ years of professional experience in an investment or actuarial team.
• Strong technical skills to build and run actuarial/asset models.
• Ability to review numbers critically and explain changes.
• Excellent communication and stakeholder management.

Responsibilities

• Lead quotes across S&R products and markets.
• Develop asset pricing approaches and obtain approvals for new methods.
• Analyze pricing processes and implement improvements.
• Collaborate with investment teams on data and assumptions.
• Support pricing commitments to internal stakeholders and clients.

Skills

Pricing experience

Actuarial modelling

Quantitative analysis

Education

SOA/IFoA/CFA or similar

Tools

Tyche

Bloomberg

Excel

Job description

Job TitleManager, Actuarial PricingJob DescriptionThe Savings & Retirement (S&R) team at Pacific Life Re is responsible for sourcing opportunities and executing reinsurance transactions with clients in our target global retirement markets. We deliver bespoke reinsurance solutions to our clients to support policyholders’ retirement needs and financial goals. The Deal Pricing team within S&R is responsible for pricing all products and reinsurance structures across our global markets.Key Responsibilities:The team focusses on the cashflow & capital modelling, ensuring the specific products & risks are appropriately captured in pricing. We will produce the deal metrics to ensure these meet all pricing hurdles & governance requirements.We are responsible for setting the investment strategy for funded transactions and seek to optimize this within our investment risk tolerances. We achieve this by working closely with the ALM and investment management teams.Working with the client solutions team we have a strong focus on optimizing deal structuring to provide clients with a strong commercial package whilst ensuring an efficient capital structure for PL Re.We have an exciting opportunity for an individual with strong technical skills from either an actuarial or investment background to join the S&R Deal Pricing team.Responsibilities of the role include:Take ownership in leading quotes across S&R products and markets. Drive success from encouraging and developing deal teams.Take ownership for developing our asset pricing approaches and working with the AVP, Deal Pricing to implemented & obtain approvals for new approaches to improve pricingIdentify inefficiencies in pricing processes & controls and lead projects implementing improvements to address these as part of PL Re’s drive for process enhancements.Understanding of macroeconomic assumptions (interest rates, credit spreads, FX) impact on pricing. Being able to obtain and interpret required investment data from Bloomberg and from investment teams.Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes.Working with the S&R Insurance Pricing team on understanding benefit structures and developing the insurance basis for S&R transactions.Following financial markets and being able to translate and explain changes in the market conditions into changes to pricing. Work with the asset management team to agree investment assumptions for pricing.Work with the client solutions team to continually develop our proposition and look for and build strategies that manage and mitigate risks such as currency, inflation etc.Manage pricing actuaries & analysts in the team and ensure their technical & soft skills development.Qualifications & ExperienceCore skills and experience:Strong technical skills necessary to build & run actuarial/asset models and interpret the results. Prior experience in Pricing is beneficial but not essential. Broad understanding of capital modelling, asset risks & strategies for liability driven investments is desirableProfessional qualifications (SOA, IFoA, CFA or similar) with 5+ years of professional experience in an investment or actuarial team.Ability to work independently on critically reviewing numbers coming out of the model, understanding what drives changes, sense-checking results and suggesting improvements to drive price benefitsDeal focused individual. Able to work to tight timelines and periods of high-pressure to deliver on pricing commitments to internal stakeholders and clients, often across multiple deals simultaneously.Strong experience of Excel and actuarial/asset modelling software (e.g. Tyche, Bloomberg)Good understanding of market risks (interest rates, FX, credit spread, liquidity) and how they impact insurance capitalization. Understanding of insurance company balance sheets including insurance capital frameworksStrong communication skills. Able to communicate complex actuarial concepts to a range of audiences both verbally and written. Track record of stakeholder management & seeking approvals/pitching.Able to adapt to changing priorities and switch focus seamlessly.Working For Pacific Life ReEvery 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• Health Insurance• Dental Insurance• Life and AD&D• Long Term Disability Insurance• Group Registered Pension Plan• Social insurance and employee payroll tax• Corporate Travel Insurance• Employee Assistance Programme• Gym Membership• Housing AllowanceYou Can Be Who You AreWe 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 ValuesPlease click here to view our company values