R&D Actuary

Pacific Asset Management, LLC; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

Join a forward-thinking company as a qualified actuary in London, contributing to innovative projects in the longevity and protection markets. You'll collaborate with diverse teams to develop best estimate assumptions, utilizing your analytical skills and creativity. This role offers a unique opportunity to influence the company's ambitious growth plans while enjoying a supportive work environment that values your contributions. With a commitment to work-life balance and employee well-being, this dynamic organization fosters innovation and growth, making it an exciting place to advance your career.

Benefits

Subsidised Gym Membership

Season Ticket Loan

Employee Assistance Programme

Wellness Benefits

Qualifications

• Nearly or newly qualified actuary with strong problem-solving skills.
• Experience in longevity and protection reinsurance markets.

Responsibilities

• Carry out assumption development for longevity and protection lines.
• Support new business activities and expand knowledge of actuarial methods.

Skills

Problem Solving

Analytical Skills

Communication Skills

Organizational Skills

Innovation

Statistical Methods

Actuarial Techniques

Education

Fellow of the Institute or Faculty of Actuaries

Fellow of Society of Actuaries

Tools

Tableau

SQL

R

Job description

We are looking for a nearly or newly qualified actuary to join our R&D team in London working on basis development. This is an exciting time to join the team as we provide assumptions for the Company’s ambitious growth plans in new and existing markets.

The team produces best estimate assumptions for predominantly for Europe and North America Longevity and Protection markets

You will be involved on a variety of projects to set best estimate assumptions. This will include all stages of assumption development from data collection, analysis, model fitting and approval and requires strong problem solving and innovation skills to set a market leading basis.

You will work closely with other teams including:

- R&D teams including the Medical Analytics, Strategic Analytics teams and R&D teams in other geographies across the Division

- S&R and Protection teams inside the Reinsurance Division to support on Pricing and Product developments and to ensure that the assumptions developed meet their needs.

You will be working in a company that values your technical skills, the innovative ideas and solutions you bring into the work you do, and your ability to communicate those ideas effectively.

Duties

• Carry out assumption development work for longevity and protection lines of business
• Support new business activity for longevity and protection
• Expand knowledge of actuarial and statistical methods for best estimate assumption setting and data analysis and contribute to knowledge sharing internally, to ensure Pacific Life Re maintains a high level of technical knowledge in respect of mortality, morbidity and longevity risk.

Skills & Experience

• Nearly qualified or newly qualified Fellow of the Institute or Faculty of Actuaries or Society of Actuaries or other similar organisation
• An understanding of one or more of the markets we operate in (Longevity or Protection reinsurance)
• Familiarity of experience studies, trend modelling, and pricing within the life insurance industry (including reinsurers, insurers and consultancy)
• Interest in programming and comfortable with or willing to learn software packages, such as Tableau, SQL and R.
• Knowledge of actuarial techniques such as Generalized Linear Models and Survival Models
• Strong analytical abilities
• Strong communication, organisational and presentation skills
• Places a high value on innovation and continuous improvement

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)

• Subsidised Gym Membership

• Season Ticket Loan

• Employee Assistance Programme

• Wellness Benefits

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.

At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible.
Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda.
With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop.