Manager, Pricing, Savings and Retirement

Job Title

Job Description

Role Overview

The Savings & Retirement (S&R) Insurance Pricing team are responsible for producing the best estimate insurance assumptions for clients in our global markets. The team responsibilities are across Pension Risk transfer, Individual Retirement and Savings for Retirement products.

We are looking to hire a manager for our growing pricing team. They will be primarily supporting our Savings markets (Japan, wider APAC, North America, Continental Europe) through tender activity and ongoing technical/pricing support. The successful candidate will be based in our London office, Tower Bridge House, St Katharine's Way.

As a proactive and technical senior actuary, you will be working on a team to deliver quotes for clients. Your expertise in pricing and experience analysis will support you as you work alongside the Client Solutions team to deliver creative solutions and support market growth, to meet the needs of our clients.

You will also be responsible for managing the insurance pricing actuaries and analysts within the team. Working together with the wider pricing team you will deliver high quality pricing analysis on quote opportunities for clients and will present the opportunity through the internal governance process gaining significant visibility with the Savings & Retirement Executive Committee, Chief Operating Officer and CEO.

As a creative thinker you will support the development of PLRe pricing sophistication by understanding latest pricing and analytical techniques and continuously improving internal approaches and processes.

Role Responsibilities

• Supporting the delivery of new business quotations for our clients across a range of existing and opportunistic markets.
• Analysing experience data and determining trends to derive the technical pricing basis.
• Communicating results/findings to stakeholders across the business.
• Maintain a thorough and up to date knowledge of relevant insurance pricing and industry trends. Responsible for ensuring those developments are considered and where appropriate reflected in the pricing of new business as well as in the provision of technical support, risk assessment and pricing expertise to clients and colleagues.
• Supporting the Client Solutions team in building and 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 etc.
• Working closely with the Deal pricing team on our overall quote proposition to deliver the best solutions for our clients.

Skills & Experience

• Have strong and relevant technical experience in (re)insurance, consultancy or another statistical role. Experience in GLM and advanced statistical techniques would be preferable.
• Experience in a pricing role is not essential but would be advantageous.
• Be a qualified actuary (a member of the IFoA or SOA) with 3+ years of post-qualified experience
• Have exposure to experience analysis and basis setting, including but not limited to mortality, morbidity, and lapse assumptions.
• Have strong communication skills. Able to communicate complex actuarial concepts to a range of audiences both verbally and written.
• Have experience in people management and supporting newly qualified actuaries and actuarial analysts in their work.

Competencies and Behaviours:

• Courage – Willingness to explore new tools and techniques to support our pricing across new and existing markets. Ability to propose creative solutions to problems not previously seen and support those proposals with the appropriate analysis.
• Partnership – Ability to work within and across teams to design the best solutions for our clients. While this role is an Insurance Pricing one, being able to work closely with Deal Pricing and Client Solutions is a vital part of the role.
• Integrity – Working with first, second, and third-line teams to ensure that PLRe is making an informed risk assessment of new business opportunities. Working openly to share analysis with review functions while also being able to justify and support your proposals.            

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