Pricing Manager

Pacific Life Corporation; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Pacific Life Corporation seeks a Pricing Manager responsible for actuarial pricing and risk assessment for reinsurance transactions in North America. This role demands strong analytical skills, leadership, and a focus on continuous improvement while fostering relationships with clients. Join a company committed to diversity, work-life balance, and personal development.

Benefits

Work-life balance

Collaborative culture

Formal and informal mentoring

Learning and development options

Corporate Social Responsibility initiatives

Social activities and events

Qualifications

• Experience in reinsurance or direct insurance pricing, focusing on large block transactions.
• Strong understanding of actuarial principles and risk assessment.
• Mentoring skills for developing junior team members.

Responsibilities

• Leads assessment of U.S. reinsurance opportunities.
• Independently develops pricing assumptions and manages projects.
• Provides leadership and mentorship within the pricing team.

Skills

Technical skills

Analytical skills

Communication skills

Organizational skills

Proactive mindset

Education

Actuarial qualification

Tools

Axis

Tyche

Prophet

SQL

Python

R

Tableau

Excel / VBA

Job description

Working with the AVP Pricing, North America, this role will be responsible for actuarial pricing for retrocession pools and large block reinsurance transactions written by the Protection Line of Business in North America.

The role will focus on pricing and risk assessment for large block deals within the U.S. market, specifically for Term, Whole Life (WL), and Universal Life (UL) products, while also considering Long-Term Care (LTC) as a potential future opportunity. This includes evaluating and structuring transactions, conducting experience analysis, and developing assumptions for mortality, morbidity, and lapse risks.

The Pricing Manager will also assist the AVP in managing ongoing pricing projects and initiatives, including maintaining pricing models, developing innovative methodologies, and supporting internal risk management functions. Other responsibilities may include supporting global pricing teams and contributing to the continuous improvement of pricing processes and frameworks.

You'll be working in a company that values your technical expertise, innovative thinking, and ability to communicate complex ideas effectively.

Pricing Manager Responsibilities

• Leads detailed assessment of U.S. reinsurance block or flow opportunities from both a pricing and risk perspective, considering business strategy and financial impact.
• Manages pricing projects and quotes with minimal support from senior actuarial colleagues.
• Independently develops pricing assumptions for new opportunities, including mortality, lapse, and expense assumptions, applying expert judgment where necessary.
• Challenges assumptions and perform peer reviews within pricing and across other teams (e.g., Business Development, Underwriting, Risk Management, R&D) and facilitates discussions to align perspectives.
• Supports business development in maintaining strong relationships with clients and promoting PLRe NA's brand in the market.
• Provides leadership and mentorship within the pricing team, fostering technical development for junior team members.
• Ensures effective stakeholder management during the quote process by clearly communicating pricing outcomes, balancing technical and commercial considerations.
• Maintains a deep understanding of the U.S. reinsurance market and the risks associated with large block transactions.
• Responsible for pricing retrocession new business in North America.

Qualifications & Experience

• Prior experience in reinsurance or direct insurance pricing, with a focus on large block transactions.
• Strong understanding of actuarial principles, risk assessment, and financial structuring of reinsurance deals.
• Excellent technical, analytical, and communication skills.
• Strong organizational and time management skills.
• Innovative mindset with a focus on continuous improvement.
• Proactive, self-motivated, and able to work independently.
• Experience in the U.S. individual life and annuity markets, including development of mortality and lapse assumptions.
• Familiarity with pricing and financial modeling techniques for reinsurance transactions.
• Proficiency in actuarial modelling software (e.g Axis, Tyche, Prophet) and data analytics tools (e.g., SQL, Python, R, Tableau, Excel / VBA).
• Strong mentoring skills to develop and train junior team members.

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. 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.

• Work-life balance
• Collaborative and inclusive culture
• Social activities and events
• Formal and informal mentoring
• Learning and development options
• Corporate Social Responsibility initiatives
• Lots of fun clubs to join!

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 Principles and Behaviours

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