AVP, Pricing, Europe

Pacific Life Re; London; On-site; GBP 150,000 - 200,000; Full time

Job summary

A global life reinsurer is seeking an AVP, Pricing, Europe to lead their Protection line of business. This role involves delivering high-quality pricing terms and managing a talented team. Candidates should have extensive experience in life (re)insurance pricing, strong commercial acumen, and leadership qualities. The position offers competitive benefits including private insurance coverage and a generous annual leave policy.

Benefits

25 days of annual leave

Comprehensive private insurance

Subsidized gym membership

Cycle to Work scheme

Qualifications

• 5+ years post-qualified experience in life (re)insurance pricing.
• Ability to negotiate and influence effectively.
• Demonstrable track record of effective leadership.

Responsibilities

• Deliver pricing terms to clients for both in-force and new business.
• Lead the Pricing strategy development.
• Cultivate relationships with key client contacts.

Skills

Influencing skills

Negotiation skills

Leadership

Commercial awareness

Education

Qualified in life (re)insurance pricing

Job description

Job Title

AVP, Pricing, Europe

Job Description

AVP, Pricing, Protection, Europe

We’re a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a mutual insurance group. Fueled by our pursuit of excellence and a quest to innovate, we’re proud to do things differently. Our people aren’t afraid to disrupt and challenge industry thinking and provide the best protection, savings and retirement reinsurance products and services possible.

The Role

The AVP, Protection, Pricing, Europe is one of the leaders of Pacific Life Re’s Protection line of business in Europe. The incumbent will play a crucial role in executing Pacific Life Re’s Protection strategy, responsible for the technical management of Europe Pricing function across tender activity including experience analysis, basis setting, and pipeline & resource management, alongside directly supporting our clients in identifying and implementing novel solutions to challenges they face.

Reporting directly to the VP, Protection, Pricing, Europe this role will provide direction, challenge and support to the team to ensure we win and maintain profitable business. Additionally, the AVP will be central to maintaining pricing excellence, embedding superior data sources as a competitive advantage, and ensuring the highest standards in risk assessment and financial modelling. In managing the team they will serve as a mentor and leader, supporting talent development and fostering a positive environment where people are supported and challenged.

Key Responsibilities

Responsible for the timely and accurate delivery of pricing terms to clients for both in force and new business opportunities, ensuring high technical standards of experience analyses and the production of high-quality pricing papers, the successful candidate:

• Develops and motivates top talent, supporting the building of an engaged, empowered, and market-leading team.
• Champions, role models and encourages a culture in line with our PL Re principles and behaviours.

• Delivers Pricing reinsurance terms, with strong leadership skills and resource management. Ensures work is performed effectively including a focus on pragmatism.

• Leads robust challenge to assumptions, processes, and strategy within Pricing and around the Company ensuring that everyone has a voice and discussions are organized to reach consensus.
• Develops and maintains relationships with key client contacts to ensure PL Re is viewed as a knowledgeable, respected, and collaborative reinsurance partner. Owns client pricing relationships (alongside the VP where relevant).
• Takes the lead in developing innovative solutions and structures that address our clients’ “jobs to be done” (including collaboration with other teams as needed).
• Supports the VP in developing and delivering the Pricing strategy, with a focus on utilisation of superior data and insights to achieve this.
• Leads in the identification and utilisation of competitive advantages to better understand risks and generate value.
• Cultivates a healthy risk culture within the function, acting as a subject matter expert for the Pricing function, the markets that the business operates in, and the risks to which it is exposed.

Qualifications & Expertise

• 5+ years post-qualified experience in life (re)insurance pricing in a market facing role(s) in (re)insurance with a strong background in the UK and Irish Protection markets.
• Skilled influencer/communicator with demonstrable confidence, maturity and gravitas in a wide range of settings, including with senior stakeholders internally and externally.
• Highly commercial and able to negotiate with skill in challenging situations whilst maintaining the integrity of working relationships.
• Desire and ability to proactively develop strong external relationships with clients and the wider market.
• Demonstrable track record of effective leadership and people management, motivation and development.
• Ability to make high-quality and well-balanced decisions in the face of ambiguity, exercising sound judgement alongside technical and analytical insight.
• Excellent understanding of actuarial principles and processes; strong knowledge of PL Re risks and market landscape.

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

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