R&D Actuary, Europe

Pacific Life Re; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global reinsurance provider is seeking a nearly or qualified R&D Actuary in London. The role involves assumption development for longevity and protection markets, working closely with various teams. Candidates should possess a strong actuarial background and communication skills. The company fosters a supportive culture with numerous benefits including healthcare, wellness programs, and opportunities for volunteering.

Benefits

25 days of annual leave

Comprehensive private insurance

Subsidized gym membership

15% combined employee/employer contributions

Time off for volunteering

Qualifications

• Nearly or qualified actuary with a focus on growth in longevity and protection.
• Strong problem-solving and innovative skills are required.
• Familiarity with actuarial studies in life insurance is an asset.

Responsibilities

• Carry out assumption development work.
• Support new business activity for longevity and protection.
• Contribute to knowledge sharing regarding mortality and longevity risk.

Skills

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

Understanding of Longevity or Protection reinsurance

Experience with programming and software like Tableau, SQL, and R

Knowledge of actuarial techniques

Strong analytical abilities

Strong communication skills

Education

Qualification from the Institute or Faculty of Actuaries

Tools

Tableau

SQL

R

Job description

Job Title

R&D Actuary, Europe

Job Description

Role Overview

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 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.

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 organization
• 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

Please click here to view our company values