Manager, Insurance Pricing, Savings & Retirement

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

Job summary

A leading company in the insurance sector is seeking a Manager for their Insurance Pricing team in London. This role involves managing a team, delivering high-quality pricing analysis, and collaborating with various stakeholders to support client needs and market growth. The ideal candidate will have strong technical experience, excellent communication skills, and a commitment to continuous improvement in pricing processes.

Benefits

Stakeholder Pension Scheme

Life Assurance

Subsidised Gym Membership

Private Medical Insurance

Season Ticket Loan

Eye Care

Employee Assistance Programme

Group Income Protection

Wellness Benefits

Qualifications

• 3+ years of post-qualification experience.
• Experience with GLM and advanced techniques preferred.
• Ability to explain complex concepts clearly.

Responsibilities

• Support delivery of new business quotations and market pricing opportunities.
• Analyze experience data to derive technical pricing bases.
• Manage the insurance pricing actuaries and analysts within the team.

Skills

Technical experience in (re)insurance

Experience analysis

Communication skills

People management

Education

Qualified actuary (IFoA or SOA)

Job description

Job Title

Manager, Insurance Pricing, Savings & Retirement

Job Description

The Savings & Retirement Insurance Pricing team is responsible for producing the best estimate insurance assumptions for clients in our global markets. The team's responsibilities include Pension Risk Transfer, Individual Retirement, and Savings for Retirement products.

We are hiring a Manager for our Insurance Pricing team to support tender activities across various markets through technical and pricing work. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.

The Role

As a proactive and technical actuary, you will work within a team to deliver Savings and Retirement quotes for clients. Your expertise in pricing and experience analysis will support collaboration with the client solutions team to deliver innovative solutions and foster market growth, while meeting client needs.

You will also manage the insurance pricing actuaries and analysts within your team.

Collaborating with the wider pricing team, you will deliver high-quality pricing analysis for client quote opportunities and present these through the internal governance process, gaining visibility with the Savings & Retirement Executive Committee, COO, and CEO.

As a creative thinker, you will support the development of PLRe pricing sophistication by understanding latest techniques and continuously improving internal processes.

Key Responsibilities

1. Support the delivery of new business quotations and market insurance pricing opportunities.
2. Analyze experience data to identify trends and derive technical pricing bases, communicating findings to stakeholders.
3. Maintain up-to-date knowledge of insurance pricing and industry trends, ensuring developments are incorporated into pricing and technical support.
4. Support the Client Solutions team in building relationships with clients and promoting the Pacific Life Re brand.
5. Contribute to internal strategic projects aimed at improving pricing processes and rating factors.
6. Work closely with the Deal Pricing team to deliver optimal quote solutions for clients.

Qualifications & Experience

1. Strong technical experience in (re)insurance, consultancy, or statistical roles; experience with GLM and advanced techniques is preferred.
2. Experience in a pricing role is advantageous but not essential.
3. Qualified actuary (IFoA or SOA) with 3+ years of post-qualification experience.
4. Experience in experience analysis and basis setting, including mortality, dependent, and lapse assumptions.
5. Excellent communication skills, capable of explaining complex concepts clearly.
6. Experience in people management and mentoring actuarial staff.

Working for Pacific Life Re

We value the unique qualities of our team members and support their development and ambitions. Our culture balances high performance with fun, offering team-building activities, social events, and well-being initiatives. We promote a healthy work-life balance with various benefits and community involvement opportunities.

Benefits (for Permanent and Fixed-Term Employees)

• Stakeholder Pension Scheme
• Life Assurance
• Subsidised Gym Membership
• Private Medical Insurance
• Season Ticket Loan
• Eye Care
• Employee Assistance Programme
• Group Income Protection
• Wellness Benefits

We are committed to diversity and inclusion, providing reasonable adjustments during recruitment for applicants with disabilities. Please contact us to discuss your needs.

Pacific Life Re Values

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