Actuarial Pricing Analyst, Savings & Retirement

Pacific Life Re; Greater London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A global insurance company is seeking an Actuarial Pricing Analyst for its London office. The role involves delivering quotes for Savings and Retirement products, analyzing experience data, and communicating insights to various stakeholders. Candidates must have a relevant degree, technical experience, and strong analytical skills. The company offers a supportive culture, competitive benefits, and opportunities for personal growth.

Benefits

25 days of annual leave option

Comprehensive healthcare insurance

Subsidized gym membership

Employee Assistance Program

Charitable matching of donations

Qualifications

• 2:1 or above degree in a relevant subject area.
• Technical experience in a (re)insurer, consultancy, or statistical role.
• Ability to analyse and interpret data.
• Good communication skills for stakeholder engagement.

Responsibilities

• Support delivery of new business quotations.
• Analyse experience data for profitability targets.
• Communicate results to stakeholders.
• Enhance pricing processes.

Skills

Data analysis and interpretation

Good written and verbal communication skills

Knowledge of R

Excel proficiency

Actuarial software experience

Education

Degree in mathematics, statistics or actuarial studies (2:1 or above)

Job description

Actuarial Pricing Analyst, Savings & Retirement

Job Description

The team

The Savings & Retirement Insurance Pricing team are responsible for producing the best estimate insurance assumptions for clients in our global markets. The team responsibilities are across Pension Risk transfer, Individual Retirement and Savings for Retirement products.

We are looking to hire a number of Pricing and Senior Pricing Analysts for our Insurance pricing team. You will be supporting the S&R Line of Business through tender activity and ongoing technical/pricing support. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.

The Role

As a proactive and technical Pricing/Senior Pricing Analyst you will be working on a team to deliver Savings and Retirement quotes for clients. Your expertise in pricing and experience analysis will support you as you work alongside the client solutions team to deliver creative solutions and support market growth, whilst meeting the needs of our clients. Working together with the wider pricing team you will deliver high quality pricing analysis on quote opportunities for clients and will present the opportunity through the internal governance process gaining significant visibility with the S&R Leadership Team, COO and CEO.

You will have the opportunity to learn and develop as an actuary and grow your analytic skills whilst keeping involved in the latest pricing, market, statistical and technology developments

Key responsibilities

• Supporting the delivery of new business quotations for the S&R line of business
• Analysing experience data to determine trends in order to support the derivation of technical pricing basis.
• Communicating results/findings to stakeholders across the business
• Analysing experience data to determine trends and to ensure profitability targets are met and communicating results/findings to stakeholders across the business.
• Help enhance the pricing team capability by supporting the improvement of processes and approaches.

Qualifications & Experience

• Degree (2:1 or above, or equivalent) in a relevant subject area, e.g. mathematics, statistics or actuarial studies
• have technical experience in a role at a (re)insurer, consultancy or another statistical role
• Ability to analyse and interpret data, draw conclusions from it and clearly communicate findings to key stakeholders across the business
• Good written and verbal communication skills
• Knowledge of R, Excel and actuarial software experience

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

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