Insurance Pricing Actuary, Savings & Retirement

Pacific Life Re; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance firm based in London is seeking an Insurance Pricing Actuary to join their Savings & Retirement team. The successful candidate will support the delivery of innovative pricing solutions and collaborate with various stakeholders to enhance pricing strategies. This role requires a qualified actuary with strong analytical skills and relevant experience in the insurance market. The company values work-life balance and offers comprehensive benefits, including generous leave and wellness initiatives.

Benefits

25 days of annual leave

Comprehensive private insurance coverage

Subsidized gym membership

Employee Assistance Program

Qualifications

• Strong experience in statistical pricing roles.
• Good understanding of the insurance market.
• Highly analytical with relevant experience.

Responsibilities

• Support delivery of new business quotations.
• Analyze experience data to derive pricing basis.
• Communicate results to stakeholders.
• Ensure developments are reflected in pricing.

Skills

Technical experience in (re)insurance

Analytical skills

Experience analysis

Education

Qualified actuary

Job description

Insurance Pricing Actuary, Savings & Retirement

Job Description

The team The Savings & Retirement Insurance Pricing team are responsible for producing the best estimate insurance assumptions for clients in our global markets. The team responsibilities are across Pension Risk transfer, Individual Retirement and Savings for Retirement products.

The Role

We are looking to hire an Actuary for our Insurance pricing team. They will be supporting the S&R Line of Business through tender activity and ongoing technical/pricing support. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.

• As a proactive and technical actuary, you will be working on a team to deliver Savings and Retirement quotes for clients.
• Your expertise in pricing and experience analysis will support you as you work alongside the client solutions team to deliver creative solutions and support market growth, whilst meeting the needs of our clients.
• Working together with the wider pricing team you will deliver high quality pricing analysis on quote opportunities for clients and will present the opportunity through the internal governance process gaining significant visibility with the S&R Leadership Team, COO and CEO.
• As a creative thinker you will support the development of PLRe pricing sophistication by understanding latest pricing and analytical techniques and continuously improving internal approaches and processes.

Key responsibilities

• Supporting the delivery of new business quotations for the S&R line of business
• Analysing experience data to determine trends in order to derive the technical pricing basis.
• Communicating results/findings to stakeholders across the business
• Maintain a thorough and up to date knowledge of A&R pricing and of industry trends.
• Responsible for ensuring those developments are considered and where appropriate reflected in the pricing of S&R 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 in new business acquisition, maintaining effective relationships with clients and promoting the Pacific Life Re brand.
• Supporting internal strategic projects including but not limited to the improvement of pricing processes, assessment of new rating factors for use in Pricing and working closely with R&D.
• Working closely with the Deal pricing team on our overall quote proposition to deliver the best solutions for our clients.

Qualifications & Experience

• Have strong and relevant technical experience in (re)insurance, consultancy or another statistical pricing role
• Be a qualified actuary with relevant post qualified experience.
• Have a good understanding of the insurance market
• Be highly analytical, 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)

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

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