R&D Actuary

Pacific Life Re; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the insurance sector is seeking a nearly or newly qualified R&D Actuary to join their team in London. The successful candidate will engage in assumption development for longevity and protection markets, collaborate with cross-functional teams, and contribute to innovative solutions while enjoying a supportive work culture that emphasizes work-life balance and personal growth.

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

• Nearly or newly qualified actuary with relevant qualifications.
• Familiarity with longevity or protection reinsurance markets.
• Interest in programming and analytical tools.

Responsibilities

• Carry out assumption development work for longevity and protection.
• Support new business activities in relevant lines of business.
• Expand knowledge of actuarial methods and share insights internally.

Skills

Analytical abilities

Strong communication skills

Organisational skills

Innovative thinking

Statistical analysis

Education

Fellow of the Institute or Faculty of Actuaries

Tools

Tableau

SQL

R

Job description

Job Title

R&D Actuary

Job Description

Role Overview

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)

• Stakeholder Pension Scheme

• Life Assurance

• Subsidised Gym Membership

• Private Medical Insurance

• Season Ticket Loan

• Eye Care

• Employee Assistance Programme

• Group Income Protection

• 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.

Pacific Life Re Values

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