VP, Actuarial Client Solutions, Savings & Retirement, Europe

Pacific RE; London; On-site; GBP 90,000 - 120,000; Full time

Job summary

A financial services organization in London is seeking a Head of Client Solutions for Savings & Retirement. This role involves leading strategies for client relationships, ensuring new business delivery, and developing strong market presence. Ideal candidates will have over 5 years in (re)insurance, excellent communication skills, and a proven track record in a client-facing role.

Benefits

25 days of annual leave

Generous healthcare coverage

Wellness initiatives

Subsidized gym membership

Qualifications

• 5+ years experience in (re)insurance with market facing and technical experience.
• Deep understanding of reinsurance business and pricing.
• Exceptional managerial and influencing skills.

Responsibilities

• Lead the development and execution of the Savings & Retirements strategy.
• Develop market-leading client relationships in the UK.
• Ensure the delivery of new business volume in the UK.

Skills

Communication skills

Managerial skills

Relationship management

Financial literacy

Strategic thinking

Job description

Job Title

Head of Client Solutions, Savings & Retirement

Job Description

The Role

The VP, Client Solutions – UK, Savings & Retirements is accountable for Pacific Life Re’s Savings & Retirement’s new business delivery in the UK.

The incumbent is accountable for the sales, client relationships, structuring and execution of transactions in the UK market. The incumbent will be supported by AVP Client Solutions to deliver on their objectives and accountabilities. The role holder will be responsible for ensuring we have market leading client relationships and will be responsible for developing new deals and clients and delivering growth in the UK market.

The product suite for which the role is responsible for delivering new business includes the execution of longevity, funded reinsurance and any other Savings and Retirement products.

In performing their role, the incumbent will be expected to support the MVP, Client Solutions, Savings and Retirements and the Savings & Retirement Executive Committee, in delivering a strategy and business plan for the UK. They will then lead on the execution of this strategy in client relationships and solutions for the UK market.

The incumbent in this role is expected to be a key leader in developing a culture across Savings & Retirements consistent with the Pacific Life Re target culture and consistent with the company’s Principles and Behaviours. They will also be responsible for the support required to their reports to ensure that their staff remain highly engaged.

Key Responsibilities

• Play a leading role in the development of the Savings & Retirements strategy, developing business plans and KPIs based on these strategies. Lead and be accountable for the execution and implementation of the new business part of these plans effectively and efficiently.
• Develop market leading client relationships in the UK with the support of the Client Solutions leaders in other markets having a consistent approach. Ensure there is effective relationship at each level of seniority within our clients and Savings and Retirements are able to use these relationships to expand and grow business whilst supporting client needs.
• Accountable for new business volume delivery in the UK ensuring there is an effective working model between Client Solutions, Pricing and other key functions such as Legal so that Pacific Life Re can deliver on its client quote and business needs whilst delivering required new business volumes and strong working relationships.
• Responsible for high quality decision making across Savings and Retirements including but not limited to being an approver in the treaty authorities on new UK transactions and treaties and ensuring appropriate structures and terms are offered to ensure business is within risk appetite and potential stress events are understood.
• Be a leading member of the Client Solutions Leadership team taking an interest and supporting role in the global Client Solutions efforts.

Qualifications & Expertise

• At least 5 years’ experience in operating in (re)insurance including time in market facing and technical roles – experience in the markets that PL Re focuses on would be preferred.
• Experience in asset intensive business and the associated structuring frameworks.
• Experience in Longevity (re)insurance
• Deep understanding of the technical basis of reinsurance business, with a proven ability to understand and question pricing and / or capital bases.
• Excellent communication skills and track record of strong working relationships.
• Ability to set and deliver compelling strategies in a challenging business environment.
• 5+ years experience in a sales, new business or client relationship role.
• Exceptional managerial and influencing skills and an ability to operate at all levels.
• Highly financially literate and can understand reinsurance pricing, financial reporting and capital to a high level of detail.
• In depth understanding of risk frameworks and controls.

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

Pacific Life Re Values