Senior Actuarial Pricing Analyst, Savings & Retirement

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

Job summary

A prominent insurance firm in London is seeking a Pricing/Senior Pricing Analyst to support the delivery of insurance quotations and analyze experience data. The candidate should have a degree in mathematics, statistics, or actuarial studies, alongside technical experience in a related field. Strong data analysis and communication skills are essential, as well as knowledge of R and Excel. The role offers the chance to develop actuarial skills and contribute to market growth.

Qualifications

• Degree (2:1 or above, or equivalent) in a relevant subject area.
• Technical experience in a (re)insurer, consultancy or statistical role.
• Ability to analyse and interpret data.

Responsibilities

• Support delivery of new business quotations.
• Analyse experience data to determine trends.
• Communicate results/findings to stakeholders.
• Ensure profitability targets are met.
• Help enhance the pricing team capability.

Skills

Technical experience

Data analysis

Communication skills

Knowledge of R

Excel proficiency

Education

Degree in Mathematics, Statistics or Actuarial Studies

Tools

Actuarial software

Job description

The Savings & Retirement Insurance Pricing team are responsible for producing the best estimate insurance assumptions for clients in our global markets. The team responsibilities are across Pension Risk transfer, Individual Retirement and Savings for Retirement products. As a proactive and technical Pricing/Senior Pricing Analyst you will be working on a team to deliver Savings and Retirement quotes for clients. Your expertise in pricing and experience analysis will support you as you work alongside the client solutions team to deliver creative solutions and support market growth, whilst meeting the needs of our clients. Working together with the wider pricing team you will deliver high quality pricing analysis on quote opportunities for clients and will present the opportunity through the internal governance process gaining significant visibility with the S&R Leadership Team, COO and CEO. You will have the opportunity to learn and develop as an actuary and grow your analytic skills whilst keeping involved in the latest pricing, market, statistical and technology developments.

Responsibilities

• Supporting the delivery of new business quotations for the S&R line of business.
• Analysing experience data to determine trends in order to support the derivation of technical pricing basis.
• Communicating results/findings to stakeholders across the business.
• Ensuring profitability targets are met through analysis of experience data and communicating findings to stakeholders.
• Help enhance the pricing team capability by supporting the improvement of processes and approaches.

Qualifications

• Degree (2:1 or above, or equivalent) in a relevant subject area, e.g. mathematics, statistics or actuarial studies.
• Have technical experience in a role at a (re)insurer, consultancy or another statistical role.
• Ability to analyse and interpret data, draw conclusions from it and clearly communicate findings to key stakeholders across the business.
• Good written and verbal communication skills.
• Knowledge of R, Excel and actuarial software.