Actuarial Pricing, Manager

Pacific Life Re; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

Pacific Life Re is seeking an innovative Actuarial Pricing Manager to support the Divisional Pricing team. You will report to the VP Pricing and collaborate with actuaries, underwriters, data scientists and senior management across global markets.

The role focuses on pricing methodology development, challenge of assumptions and cross-region consistency, with opportunities to influence PL Re pricing culture and analytics advancement.

Qualifications

• Qualified Actuary with membership status.
• 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.

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 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.

Skills

Asset modelling

Technical skills

Problem solving

Communication skills

Programming interest

Education

Qualified Actuary

Tools

Tableau

SQL

R

Job description

Job Title

Actuarial Pricing, Manager

Job 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

Please click here to view our company values