VP, Actuarial Insurance Pricing, Savings & Retirement

Pacific RE; London; On-site; GBP 100,000 - 130,000; Full time

Job summary

A global insurance firm in London is seeking a VP of Actuarial Insurance Pricing, Savings & Retirement to lead pricing teams and develop methodologies. The ideal candidate will have over 10 years of life insurance pricing experience and strong leadership skills. This role emphasizes collaboration with the Client Solutions team and maintaining industry knowledge, offering excellent benefits and a focus on work-life balance.

Benefits

25 days annual leave

Comprehensive private healthcare

Subsidized gym membership

Qualifications

• 10+ years experience in life (re)insurance pricing.
• Good understanding of UK/global insurance market.
• Strong ability to produce practical pricing advice.

Responsibilities

• Lead a high quality insurance pricing team.
• Develop pricing methodologies and support implementation.
• Maintain risk controls and industry knowledge.

Skills

Analytical skills

Leadership skills

Commercial awareness

Influencing skills

Education

Qualified actuary

Job description

Overview

Job Title: VP, Actuarial Insurance Pricing, Savings & Retirement

The VP Insurance Pricing, Savings & Retirement is accountable for producing the best estimate insurance assumptions and insurance capital assumptions for clients in our global markets. This will be across Pension Risk transfer, Individual Retirement and Savings for Retirement products. The incumbent will be supported by AVP Insurance Pricing to deliver on their objectives and accountabilities, including delivering high quality pricing analysis on quote opportunities and on various pricing initiatives and projects. The incumbent is also expected to support the MVP, Client Solutions, Savings and Retirements and the Savings & Retirements Executive Committee in delivering a strategy and business plan across all global markets. They will be a key leader in developing a culture across Savings & Retirements aligned with the Pacific Life Re target culture and the company’s Principles and Behaviours, and will support their reports to ensure staff engagement.

Responsibilities

• Lead a high quality and market leading insurance pricing team with strong technical and market expertise to achieve team and company goals and individual performance standards.
• Develop pricing methodologies and approaches, and support timely implementation of treaties for valuation purposes.
• Maintain strong risk controls at the core of processes and team culture.
• Maintain up-to-date knowledge of insurance pricing and industry trends.
• Ensure developments are reflected in pricing of savings and retirement business and provide technical support, risk assessment and pricing expertise to clients and colleagues.
• Support the Client Solutions team in building new business, maintain effective client relationships, and promote the Pacific Life Re brand.
• Support internal strategic projects including improvements to pricing processes, assessment of new rating factors for use in pricing, and collaboration with R&D.
• Work closely with the Deal pricing team on the overall quote proposition to deliver the best solutions for clients.

Qualifications & Experience

• Be a qualified actuary with relevant post-qualification experience.
• Have at least 10 years’ experience in life (re)insurance pricing.
• Have a good understanding of the UK and global insurance market and savings & retirement products, and associated insurance risks.
• Have strong analytical skills, sound judgement and commercial awareness to produce justifiable and practical pricing advice even when data is sparse or difficult to work with.
• Have strong leadership, managerial and influencing skills and the ability to operate at all levels.

Working For Pacific Life Re

Every person in our global team is valued for their unique qualities. We seek to build expertise and support individual ambitions at every step. We work hard and thrive on achievement, but we also know how to have fun and relax. We regularly host team building days to strengthen connections and reflect on successes.

Providing employees with a healthy work-life balance is important to our culture. We offer a wide range of employee benefits and host regular social activities and wellbeing initiatives. We support employees’ involvement in their communities through fundraising, charity events and 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 note: this description outlines the responsibilities and requirements for the role but is not a contract. To view our company values, please contact the recruiter.