AVP, Business Proposition, Protection

Pacific Life Re Limited; Singapore; On-site; SGD 180,000 - 280,000; Full time

Benefits offered by this job

Annual leave and benefits

Job summary

Pacific Life Re in Singapore seeks an AVP, Business Proposition for Protection to drive strategic initiatives and develop compelling market propositions that expand the global offering. You will collaborate with Global Client Solutions, Divisional Strategy and UnderwriteMe to align initiatives and drive cross-market opportunities.

The role requires strong leadership, strategic thinking, and the ability to translate complex risks into actionable market propositions while coordinating across

Qualifications

• Educated to at least degree level, preferably with actuarial or similar training.
• Proven experience in life (re)insurer, pricing or client solutions at senior level.

Responsibilities

• Explore new markets/segments with in-market Client Solutions teams.
• Lead global product/proposition development for large-scale cross-market opportunities.
• Act as conduit for Protection to leverage global product work.
• Support strategy reviews across Protection and Divisional Strategy teams.
• Provide Chief of Staff-type support to the GPEC with stakeholders across the business.

Skills

Strategic thinking

Leadership

Communication

Analytical

Risk management

Stakeholder mgmt

Market development

UnderwriteMe

Education

Degree level education

Actuarial training

Tools

UnderwriteMe

Job description

Job Title

AVP, Business Proposition, Protection

Job Description

The Role

The AVP, Business Proposition role plays an important role within the Protection business. To be successful in this role, the incumbent will be able to demonstrate long term and “out of the box” thinking to develop compelling solutions to market problems that will ultimately expand our proposition set and support us generating material volumes of highly valuable business in areas we currently do not operate.

This role would see strategic initiatives through end-to-end, working with others in the Global Client Solutions team and wider Protection teams. This role will also work closely with the Divisional Strategy team and will dotted line report into the VP, Strategy, Division, and will join Divisional Strategy meetings.

This role will be expected to collaborate closely with the Client Solutions market teams, and will be a conduit for global idea generation and sharing. Additionally, this role will also require a close working partnership with UnderwriteMe, ensuring where appropriate our UnderwriteMe differentiators are being leveraged in our propositions.

Responsibilities

New market/segments exploration:

• Periodic initiation and review of new markets/segments working with relevant in-market Client Solutions Teams
• Development of initial stage gates and fail fast criteria, working closely with relevant Protection teams, before eventually passing ownership to the most appropriate BAU market team once relevant stage gates are met

Product/Proposition development:

• Leading global product / propositions which are typically large-scale cross market opportunities
• Acting as a conduit for the function in Protection to leverage product work being performed in each market and ensure a global mindset is being adopted
• From time to time developing ideas and material to support client workshops or pitches, to ensure that the best of our global business is being leveraged

Protection Strategy:

• Facilitating periodic review of market strategies for Protection, which will require working closely with the Client Solutions teams in each of our markets and PMLCs
• Supporting consistency of approach to strategy across the Line of Business and UMe where appropriate, including providing relevant tools and templates
• Identifying opportunities to leverage projects across markets, including DISC initiatives

Divisional Strategy:

• Working with the Divisional Strategy team on global or cross Line of Business initiatives
• Attending relevant Divisional Strategy team meetings, including leveraging expertise across the business and ensuring consistency where appropriate

Together with the VP, Client Solutions, Protection, Global, providing Chief of Staff type support to the GPEC, including:

• Supporting the development and review of strategic objectives
• Supporting the reporting of strategic objectives and other initiatives, including in staff meetings and other forums
• Working with PMLCs as appropriate to report on progress with strategic initiatives

Essential Qualifications & Experience

Knowledge

• Educated to at least degree level preferably with actuarial or other similar training
• Proven experience working in a life (re)insurer, preferably in a pricing or client solutions department at a senior level

Leadership Skills

• Proven track record in developing strategies and seeing them through to successful execution
• Very strong communication (written and verbal) and presentation skills, and ability to deliver difficult/challenging messages
• Ability to quickly cut through detail and focus on what is important, being decisive and accountable

Commercial Judgement

• Strong analytical skills combined with sound judgement and commercial awareness
• Proven ability to “think outside the box” to derive new and innovative approaches to underwriting and/or claims problems
• Ability and desire to communicate with business customers at all levels across the business and to work well within a team environment
• Organised, conscientious, and deadline focused with an attention to detail
• Ability to manage competing demands and deal with non-standard and unstructured requests, at short notice
• Motivated to take ownership of work and to seek further responsibility

Desirable Experience

• Previous experience working in a life and disability reinsurance environment is preferred
• Proficiency extracting, manipulating, analysing and drawing conclusions from data.

Risk Management Responsibilities

The AVP, Business Proposition role is responsible for ensuring a strong risk culture exists within the global enablement team. The key risk management responsibilities include:

• Demonstrating awareness and understanding of risk policies, key risks and associated controls;
• Translating risk management principles and objectives into priorities, processes and activities that make sense to team members;
• Fostering a culture of risk management in the team through training and performance management.
• Taking a pro-active approach to identifying, fixing and learning from control failures.
• Where relevant, report and effectively manage issues and/or loss events as they arise.
• Being particularly cognisant of risks involved in new propositions

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

Leave

• 23 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 Term Life Insurance coverage of 5x basic annual salary, Group Accelerated CI of 1x annual basic salary and Group Accidental Death & Dismemberment of 3x annual basic salary
• Optical & Dental benefits
• Additional flexi benefits

Wellness

• Access to Employee Assistance Program
• Time off for volunteering
• Charitable matching of employee donations

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

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