Manager, Actuarial Systems

Pacific Life Re; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A major global life reinsurance company in London is seeking a Manager, Actuarial Systems to lead a team of developers and enhance actuarial modelling tools. The role requires a qualified actuary with at least 5 years of experience in life insurance and strong coding capabilities in C++, Python, or VBA. This position offers a dynamic work environment and a comprehensive benefits package.

Benefits

25 days annual leave

Comprehensive private healthcare

15% combined retirement contributions

Subsidized gym membership

Employee Assistance Program

Qualifications

• Minimum 5 years’ experience in life insurance or life reinsurance.
• Demonstrable interest in long-term actuarial modelling role.
• Experience drafting and prioritising model requirements.

Responsibilities

• Lead a team of junior developers in actuarial model development.
• Maintain and develop actuarial tools and documentation.
• Manage change and implement new processes.

Skills

Qualified actuary

Coding (C++, Python, VBA)

Model development experience

Strong analytical skills

Excellent communication skills

Experience with modelling platforms

Coaching experience

Education

Qualified actuary

Tools

Microsoft Excel

MoSes

RiskAgility FM

Tyche

Job description

Job Title

Manager, Actuarial Systems

Job Description

The Team

We are looking to hire a Manager, Actuarial Systems Developer within the Divisional Business Services, Actuarial Systems Team at Pacific Life Re, a major global player in Life Reinsurance.

As well as supporting our Actuarial functions around the globe, the team is increasingly working with the wider business to ensure we are well positioned to embrace the rapidly changing technical landscape.

With a proactive approach to problem solving, you will constantly strive to improve all aspects of the actuarial systems workflow, including calculation accuracy, process automation and system performance. You will be involved in the design, implementation and testing of process, modelling and infrastructure improvements.

The Role

We are looking for an experienced modeller to join our growing team and lead a small team of 4/5 junior developers. We are seeking a highly motivated individual to support the following activities:

• Support and lead the development and maintenance of a robust set of actuarial modelling tools and process, ensuring global consistency across methodology and processes.
• The key tasks cover all aspects of our end-to-end process, including the drafting of Technical Specifications, implementing model updates and testing and reviewing changes.
• To develop and maintain strong working relationships with all key users, specifically within the territory in which you are domiciled.
• Support the AST team in triaging change requests and development pipelines.
• Support the development and/or maintenance of documentation and user guides.
• Oversight / management of junior team members, including supporting and monitoring their development needs.
• Excellent coding capabilities, acting in line with best practices. Propose, design and implement optimisation activities that enhance the performance of our models.
• Demonstrate ability to identify and prioritise high value outcomes in terms of various competing priorities and in context of time/resource/design constraints.
• Active independent / peer review and challenge across all aspects of the E2E Model Development Framework – on business requirements.
• Proactively contribute to AST team management and various strategic objectives and focus areas outside of day-to-day role

Skills & Experience

• Qualified actuary with minimum of 5 years’ experience in life insurance or life reinsurance.
• Coding experience, e.g. C++, Python or VBA
• Demonstrable interest in long-term actuarial modelling role
• Model development experience, preferably with knowledge of Life, CI, IP and Annuity/Longevity products
• Experience of using MoSes, RiskAgility FM, Tyche or similar modelling platforms, including an understanding of the benefits and limitations of such platforms
• Advanced understanding of Microsoft Excel and Word
• Excellent written and verbal communication skills, and the ability to build and manage relationships with stakeholders in Actuarial and non-Actuarial teams
• Ability to be forward-looking and anticipate future needs
• Good analytical skills and a demonstrable ability to plan and prioritise workloads and deliver to deadlines
• Lead on design and implementation and full ownership of larger deliveries and workstreams end-to-end
• Coaching experience and ability to manage across multiple locations and time zones
• Track record of challenging / improving processes and fostering a culture of continuous improvement
• Experience overseeing change and the introduction of new processes, controls and systems
• Experience drafting and prioritising model requirements
• Experience with Agile delivery methods desirable

Competencies and Behaviours:

• Ability to work on own initiative and proactively manage a varied and demanding workload
• Demonstrates strong leadership and people management skills
• Effective communication skills, both verbal and written
• Proven focus on quality, ensuring deliverables are accurate and fit for purpose
• Proven ability to work with other functions, developing and maintaining working relationships
• Ability to understand and apply new concepts quickly, showing initiative, flexibility, and resourcefulness
• Adaptability to change and evolving environments
• Pragmatic, able to balance accuracy with effort
• Willingness to challenge the status quo

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