Actuary, Pricing

Pacific Life Re; Greater London; On-site; GBP 80,000 - 120,000; Full time

Benefits offered by this job

25 days annual leave

Private healthcare

Life Insurance (9x salary)

Savings & retirement contributions

Wellness & gym subsidies

Volunteer time off

Job summary

Pacific Life Re is seeking a technically confident actuary to join the Divisional Pricing team in London. You will support pricing across lines of business and regions, challenging assumptions and contributing to pricing governance under VP Pricing.

You will work with actuaries, underwriters, data scientists and senior management on diverse data sources and pricing methodologies to drive consistent, robust pricing across markets.

Qualifications

• Qualified Actuary with pricing experience and strong technical skills.
• Ability to work independently in a small, dynamic team.
• Keen interest in statistical methods and data-driven pricing.
• Willingness to learn and apply Tableau, SQL and R in pricing contexts.

Responsibilities

• Review front line pricing on large and non-standard quotes.
• Conduct deep dives to validate pricing assumptions and methodologies.
• Monitor and report enterprise pricing metrics at product family and PL Re levels.
• Collaborate on division-wide pricing methodologies and global initiatives.

Skills

Actuarial qualifications

Pricing experience

Statistical methods

Programming (Tableau, SQL, R)

Education

Fellowship / Qualified Actuary

Tools

Tableau

SQL

R

Job description

Job Title

Actuary, Pricing

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 confident actuary to join the Divisional Pricing team 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

Provide support 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
• Monitoring and reporting of Enterprise Pricing Metrics at a product family and PL Re level

Participate in PL Re wide projects impacting pricing

• Contribute to 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
• Play a part in the continued evolution of analytic techniques in pricing through thought leadership

Develop your pricing knowledge in the context of PL Re Pricing methodologies and culture

• Be proactive in learning different pricing methodologies and approaches
• Understand and challenge the pricing of new risks or novel reinsurance structures
• Collaborate with global colleagues to advance pricing capabilities.

Desirable Qualifications & Experience

• Qualified Actuary
• Ability to work independently in a small, flexible and dynamic team
• Strong technical and problem-solving skills
• Keen to develop an understanding of statistical methods
• 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