AVP, Pricing, Divisional

Pacific Life Re; City Of London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A global insurance company based in the UK is seeking a qualified actuary to lead pricing projects and enhance pricing methodologies. Responsibilities include reviewing pricing strategies, challenging practices, and ensuring a consistent pricing culture across regions. Candidates should possess strong actuarial skills, excellent communication abilities, and a solid understanding of financial principles. Competitive benefits package includes annual leave, private healthcare, and wellness programs.

Benefits

25 days of annual leave

Comprehensive private insurance coverage

Subsidized gym membership

Qualifications

• Ability to work independently in a small, flexible and dynamic team.
• Demonstrated expertise in actuarial pricing techniques, financial modelling, and risk assessment.
• A strong understanding of capital, financial accounting, balance sheets and regulatory frameworks is desirable.

Responsibilities

• Driving and advancing the approach for reviewing front line pricing.
• Constructively challenging colleagues and questioning existing practices.
• Leading and contributing to PL Re wide pricing projects.

Skills

Actuarial pricing techniques

Financial modelling

Risk assessment

Excellent communication

Stakeholder management

Education

Qualified Actuary

Job description

The Divisional Pricing team provides support, challenge and insights to the entire span of 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.

Responsibilities

• Driving and advancing the approach the team takes in reviewing front line pricing on large and non‑standard quotes.
• Seek to constructively challenge colleagues at all levels, and thoughtfully question existing practices.
• Lead and contribute to PL Re wide projects impacting pricing.
• Takes accountability for high‑quality delivery and supports others in doing the same.
• Drives the continued evolution of analytic techniques in pricing through thought leadership.
• 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.
• Provide leadership and expertise 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.

Qualifications

• Qualified Actuary.
• Ability to work independently in a small, flexible and dynamic team.
• Demonstrated expertise in actuarial pricing techniques, financial modelling, and risk assessment.
• Excellent communication and stakeholder management skills, capable of influencing and engaging across all levels.
• A strong understanding of capital, financial accounting, balance sheets and regulatory frameworks is desirable.

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.