Actuarial Pricing Manager, Protection Pricing | London, UK

Pacific Life; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a proactive Actuarial Pricing Manager to join their Protection Pricing team. This role involves delivering high-quality pricing analysis for life and health products, communicating insights to stakeholders, and supporting innovative solutions to enhance pricing capabilities. The successful candidate will leverage their expertise in life insurance and analytical techniques to drive business success while fostering a collaborative team environment. Join a company that values work-life balance and offers a range of employee benefits, including wellness initiatives and professional development opportunities.

Benefits

Stakeholder Pension Scheme

Life Assurance

Subsidised Gym Membership

Private Medical Insurance

Season Ticket Loan

Eye Care

Employee Assistance Programme

Group Income Protection

Wellness Benefits

Qualifications

• Strong technical experience in life (re)insurance or statistical pricing roles.
• Qualified actuary with a good understanding of the UK life insurance market.

Responsibilities

• Lead delivery of new business quotations for life and health products.
• Analyze experience data to derive technical pricing basis for new business.
• Support Client Solutions team in building effective client relationships.

Skills

Technical Pricing

Life Insurance Knowledge

Analytical Skills

Experience Analysis

Education

Qualified Actuary

Relevant Post Qualified Experience

Job description

Job Title
Actuarial Pricing Manager, Protection Pricing

Job Description

We are looking to hire a Manager in our Protection Pricing team. This individual will be responsible for supporting our UK and Irish clients through tender activity, ongoing technical/pricing support and supporting innovative solutions to improve business. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.

The Role

As a proactive and technical actuary, you will be working with a team to deliver protection quotes for new business and reviews of existing treaties. Your expertise in life insurance, pricing and experience analysis will enable you to work alongside our Client Solutions team to deliver market leading insights and propositions to our clients.

Your role will focus on our clients in the UK and Ireland, with increasing opportunities within our global Pricing framework.

Working together with the wider team you will deliver high quality pricing analysis on quote opportunities and will lead the opportunity through the internal governance process gaining significant visibility with the Global Protection Leadership Team, Chief Pricing Officer and MD of Europe & NA Protection.

Being a creative problem solver, you will support the development of PLRe pricing capabilities by utilising novel data sources, understanding latest pricing and analytical techniques and continuously improving internal approaches and processes.

Key responsibilities

• Leading the delivery of new business quotations to life offices for life and health products, managing a team of analysts to meet our client's needs.
• Analysing experience data and assessing trends in order to derive the technical pricing basis for prospective new business.
• Communicating results and approaches to stakeholders across the business. Maintain a thorough understanding of our clients and the wider Protection industry.
• Responsible for ensuring market developments are considered and where appropriate reflected in the pricing of protection business as well as in the provision of technical support, risk assessment and pricing expertise to clients and colleagues.
• Support the Client Solutions team in building and maintaining effective relationships with clients delivering solutions that meet their needs.
• Supporting internal strategic projects including but not limited to the assessment of novel data sources to enhance our understanding, identification of potential new rating factors, improvement of pricing processes etc.
• Support and develop people across the Protection Pricing team and wider business more generally, aiding in the professional and technical development of colleagues and contributing to a positive and collective team mentality.

Qualifications & Experience

The successful candidate will:

• Have strong and relevant technical experience in life (re)insurance, life consultancy or another statistical pricing role.
• Be a qualified actuary with relevant post qualified experience.
• Have a good understanding of the UK life insurance market and preferably the protection market.
• Be highly analytical and willing to tackle new problems, ideally with strong experience analysis background, this could be attained in an alternative market for example General insurance.

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)

• Stakeholder Pension Scheme

• Life Assurance

• Subsidised Gym Membership

• Private Medical Insurance

• Season Ticket Loan

• Eye Care

• Employee Assistance Programme

• Group Income Protection

• Wellness Benefits

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.