VP, Actuarial Insurance Pricing, Savings & Retirement

Pacific Life Re; London; On-site; GBP 90,000 - 130,000; Full time

Job summary

A leading global insurance company in London is seeking a VP for Insurance Pricing, Savings & Retirement. The ideal candidate is a qualified actuary with over 10 years of experience in insurance pricing, strong analytical and leadership skills. You will lead a team, develop pricing methodologies, and support client acquisition efforts while maintaining risk controls. This role offers a competitive salary and benefits, including generous leave and wellness programs.

Benefits

25 days of annual leave

Comprehensive private insurance

Subsidized gym membership

Employee Assistance Program

Qualifications

• At least 10 years’ experience in life (re)insurance pricing.
• Strong analytical and commercial awareness.
• Ability to operate at all levels.

Responsibilities

• Lead a high quality insurance pricing team.
• Develop pricing methodologies and approaches.
• Ensure strong risk controls are maintained.
• Support the Client Solutions team in new business acquisition.

Skills

Qualified actuary

Analytical skills

Leadership skills

Understanding of insurance market

Education

Actuarial qualification

Job description

Job Title

VP, Actuarial Insurance Pricing, Savings & Retirement

Job Description

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. This will include delivering high quality pricing analysis on quote opportunities and on various insurance pricing initiatives and projects.

In performing their role, the incumbent will be 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.

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

• Lead a high quality and market leading insurance pricing team ensuring high levels of technical and market expertise to achieve team and company goals and individual performance standards
• Responsible for the development of pricing methodologies and approaches, together with supporting timely implementation of treaties for Valuation purposes.
• Ensure strong risk controls continue to be at the core of the processes and team culture.
• Maintain a thorough and up to date knowledge of insurance pricing and of industry trends.
• Responsible for ensuring those developments are considered and where appropriate reflected in the pricing of savings and retirement business as well as in the provision of technical support, risk assessment and pricing expertise to clients and colleagues.
• Support the Client Solutions team in building in new business acquisition, maintaining effective relationships with clients and promoting the Pacific Life Re brand.
• Supporting internal strategic projects including but not limited to the improvement of pricing processes, assessment of new rating factors for use in Pricing and working closely with R&D.
• Working closely with the Deal pricing team on our overall quote proposition to deliver the best solutions for our clients.

Qualifications & Experience

The successful candidate will:

• be a qualified actuary with relevant post qualified 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, combined with sound judgement and commercial awareness, to produce justifiable and practical pricing advice even where data is sparse or difficult to work with.
• have strong leadership, managerial and influencing skills and an ability to operate at all levels.

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