Actuarial Pricing, Manager

Pacific Asset Management, LLC; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Leave 25 days annual leave

Adoption and fertility leave

Healthcare (private insurance)

Group Life Insurance 9x salary

Retirement savings contributions

Job summary

Pacific Life Re in Greater London seeks an Actuarial Pricing Manager to lead pricing reviews, challenge assumptions, and drive pricing analytics across global markets. You will collaborate with actuaries, underwriters and data scientists to improve methodologies and ensure pricing consistency.

The role emphasizes independent work in a dynamic team, with opportunities to influence pricing strategies and adopt advanced analytics across lines of business.

Qualifications

• Qualified actuary with strong pricing and technical skills.
• Experience with statistical methods and data analysis.
• Interest in programming and willingness to learn Tableau, SQL and R.

Responsibilities

• Reviewing front line pricing on the largest and most non-standard quotes.
• Conducting deep dives to validate current pricing assumptions.
• Ensuring consistency of non-decrement pricing assumptions across the division.
• Monitoring and reporting pricing metrics at product family and PL Re levels.
• Develop division-wide methodologies and build pricing reference libraries.
• Drive cross-region collaboration to establish best practices in pricing.
• Provide thought leadership for pricing of new risks or reinsurance structures.

Skills

Actuarial pricing

Statistical methods

Programming interest

Education

Qualified Actuary

Tools

Tableau

SQL

R

Job description

Actuarial Pricing, Manager

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

• 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

At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible. Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda. With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop.