Senior Pricing Analyst, Savings and Retirement | London, UK

Pacific Life; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading company in the financial services sector is seeking a Senior Pricing Analyst for their Savings and Retirement team in London. The role involves pricing activities and managing actuarial models, requiring strong technical expertise and collaborative skills. Ideal candidates should have a background in actuarial science and proficiency in relevant pricing tools, with opportunities for professional growth within a diverse environment.

Benefits

Pension schemes

Insurance benefits

Gym memberships

Qualifications

• Strong skills in building and running actuarial models.
• Proficiency in Excel and actuarial software.
• Ability to critically review model outputs.

Responsibilities

• Focus on cashflow & capital modelling.
• Handle pricing activities related to treaty execution.
• Identify and implement process improvements.

Skills

Actuarial modeling

Communication

Excel

Risk analysis

Education

Student member of IFoA or SOA

Tools

Tyche

Excel

Job description

Senior Pricing Analyst, Savings and Retirement

Senior Pricing Analyst, Savings and Retirement

Job Title
Senior Pricing Analyst, Savings and Retirement

Job Description

The Savings & Retirement Deal Pricing team is responsible for producing fees & premiums for clients across global markets. The team handles a range of products including bulk annuities in Europe & North America, individual retirement products, and savings & protection benefits. Transactions involve various structures such as funded deals, longevity swaps, and new business flow deals.

Key Responsibilities:

• Focus on cashflow & capital modelling to ensure products & risks are accurately captured in pricing, producing deal metrics that meet pricing hurdles & governance standards.
• Collaborate with the client solutions team to optimize deal structures, providing strong commercial packages while maintaining efficient capital structures for PL Re.
• For funded deals, work closely with the S&R ALM team & Pacific Life Investments team to set investment strategies aligning with liabilities & client needs.
• Handle pricing activities related to treaty execution and ensure smooth handover to the inforce management team for implementation.

The Role

We seek a candidate with a strong technical actuarial/investment background to join the S&R Deal pricing team. Responsibilities include:

• Managing existing pricing tools (Tyche models and Excel models), producing quotes, and upgrading tools as needed.
• Identifying and implementing process improvements to enhance efficiency and controls.
• Understanding macroeconomic assumptions (interest rates, credit spreads, FX) and interpreting investment data from Bloomberg and investment teams.
• Analyzing capital requirements for S&R products under various reinsurance structures and regimes.
• Working with the insurance pricing team to understand benefit structures and develop insurance bases for transactions.
• Monitoring market conditions and translating changes into pricing adjustments, collaborating with asset management for assumptions.
• Developing strategies to manage risks such as currency and inflation in partnership with the client solutions team.

Qualifications & Experience

Core skills and experience:

• Strong skills in building and running actuarial models, including pricing tools. Experience in pricing is advantageous but not essential.
• Student member of the IFoA or SOA, progressing well through professional exams.
• Ability to critically review model outputs and understand drivers of changes.
• Ability to work independently and in a dynamic team environment under high-pressure deadlines.
• Experience with transactions and/or pricing work is beneficial.
• Proficiency in Excel and actuarial software (Tyche or similar).
• Understanding of market risks and their impact on insurance capitalization.
• Strong communication skills to convey complex concepts clearly.

Additional useful skills:

• Knowledge of Pension Risk Transfer markets.
• Understanding of insurance balance sheets and capital regimes (IFRS, Solvency II, US GAAP, BMA).
• Programming skills including VBA & Tyche.

Working for Pacific Life Re

We value our diverse team, support individual growth, and foster a balanced work environment with social activities, well-being initiatives, and community involvement. Our benefits include pension schemes, insurance, gym memberships, and more.

We are committed to diversity and inclusion, providing reasonable adjustments during recruitment for applicants with disabilities. Please contact us to discuss your needs.

Pacific Life Re Values

Please click here to view our company values.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.