Actuary, Assumption Development, R&D

Pacific Life Re; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading actuarial services provider in London seeks a nearly or qualified actuary for its R&D team. The role involves developing actuarial assumptions for Longevity and Protection markets, ensuring innovative approaches in data analysis and model fitting. The ideal candidate will have strong analytical skills, programming experience, and the ability to work collaboratively. This position offers comprehensive benefits, a supportive work environment, and opportunities for personal growth.

Benefits

25 days of annual leave

Comprehensive private insurance

Subsidised gym membership

Qualifications

• Strong analytical skills and problem-solving abilities.
• Familiarity with experience studies and trend modeling.
• Ability to work independently and lead on the work.

Responsibilities

• Contribute to market-leading assumptions by sourcing data and building models.
• Provide robust challenge to assumptions and approaches.
• Support actuarial research initiatives and internal analysis.

Skills

Analytical skills

Problem-solving abilities

Team-working skills

Presentation skills

Education

Nearly or qualified Fellow of the Institute or Faculty of Actuaries

Tools

SQL

R

Tyche

Job description

Job Title

Actuary, Assumption Development, R&D

Job Description

Role Overview

We have an exciting opportunity for a nearly or qualified actuary ideally with experience in assumption setting or experience analysis to join the R&D team. This is an exciting time to join as we expand into new markets and strengthen our presence in existing ones across Europe and North America.

In this role, you'll work across both Longevity and Protection markets, giving you diverse exposure and the opportunity to make a real impact. You'll contribute to developing the actuarial bases that set our best estimate assumptions—guiding work from initial data analysis through model fitting, validation, and final approval. Previous experience with actuarial techniques like Generalised Linear Models and Survival models would be an advantage.

You will work closely with other teams including:

• R&D teams across multiple geographies, including Medical Analytics and Strategic Analytics
• Savings and Retirement and Protection teams inside the Reinsurance Division to support on Pricing and Product developments and to ensure that the assumptions developed meet their needs.

How You’ll Help Move Us Forward

• Contribute to the development of market-leading assumptions by sourcing data, building models, and bringing innovative approaches to assumption setting
• Provide robust challenge to assumptions and approaches adopted by Pricing.
• Build effective working relationships with stakeholders across the company, to support alignment and understanding of technical recommendations
• Support actuarial research initiatives, including contributing to internal analysis, thought-leadership work, and engagement with academic partners.
• Provide guidance and mentoring within the R&D team, supporting the development for junior team members

Skills & Experience

• Nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries or Society of Actuaries or other similar organisation
• Strong analytical skills and problem-solving abilities
• An understanding of one or more of the markets we operate in (Longevity or Protection reinsurance)
• Familiarity of experience studies, trend modelling, and pricing within the life insurance industry (including reinsurers, insurers and consultancy)
• Competent in using programming languages (e.g. SQL, R or Tyche)
• Knowledge of actuarial techniques such as Generalized Linear Models and Survival Models
• Places a high value on innovation and continuous improvement
• Ability to collaborate with strong team-working and interpersonal skills
• Experience in presenting to varied audiences on technical topics to gain approval
• Ability to work independently and lead on the work
• Organised and deadline focussed

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

• Subsidised 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.