R&D Actuary, Europe

Pacific RE; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading reinsurance firm is seeking a nearly or qualified actuary for their R&D team in London. The role involves developing assumptions for longevity and protection lines of business, requiring strong analytical and communication skills. Candidates should have a solid understanding of the life insurance market and be familiar with statistical methods and software packages such as Tableau and SQL. This position offers a supportive environment with a focus on innovation and employee wellbeing.

Benefits

25 days of annual leave

Comprehensive private insurance coverage

Subsidized gym membership

15% combined pension contributions

Charitable matching of employee donations

Qualifications

• Nearly or qualified actuary with strong analytical skills.
• Understanding of Longevity or Protection reinsurance.
• Familiarity with experience studies and trend modeling.

Responsibilities

• Carry out assumption development for longevity and protection.
• Support new business activities for longevity and protection.
• Expand knowledge of actuarial methods and contribute to internal knowledge sharing.

Skills

Analytical abilities

Strong communication skills

Organizational skills

Programming interest

Innovation focus

Education

Nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries

Tools

Tableau

SQL

R

Job description

Overview

R&D Actuary (North America and Europe)

We are looking for a nearly or qualified actuary to join our R&D team in Toronto or 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 predominantly for Europe and North America Longevity and Protection markets. You will be involved in a variety of projects to set best estimate assumptions, including all stages of assumption development from data collection, analysis, model fitting and approval, requiring 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.

Role Responsibilities

• 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 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)

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

We value the delivery of our company values and encourage applicants to learn more about them.