Pacific Life Re
Actuary, Pricing, Protection, Europe
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Actuary, Pricing, Protection, Europe
Actuary, Pricing, Protection, Europe
About the Company
We’re a global life reinsurer operating in Europe, Asia, Australia, and North America, and we are part of Pacific Life, a mutual insurance group. Fuelled by our pursuit of excellence and quest to innovate, we pride ourselves on doing things differently. Our people aren’t afraid to disrupt and challenge industry thinking to provide the best protection and savings & retirement reinsurance products and services.
About the Team
The Protection Pricing team based in London is dedicated to experience analysis and best estimate assumption setting as part of reinsurance tender exercises for our Europe Protection business. As part of a wider global Protection line of business, this role offers opportunities to collaborate with—and learn from—our colleagues across the world.
We focus on balancing technical expertise with commercial insight and pragmatism. Our team works closely with colleagues across the business, including Underwriting, Claims, Client Solutions, R&D, and Strategic Analytics to apply our diverse expertise toward effective pricing analysis.
The Role
As a proactive and technical Pricing Actuary, you will be integral to delivering reinsurance terms primarily to UK and Irish clients. With a specialisation in Protection products (Life, Critical Illness (CI), and Income Protection (IP)), you will work collaboratively with junior and senior colleagues, taking direct responsibility for assumption setting and finishing reinsurance responses.
Reporting to the AVP, Pricing, Protection, Europe, this role offers a wide range of challenging work, access to senior leadership within the Global Protection business, and the opportunity to positively contribute to our strategy in a meaningful way.
The candidate must demonstrate a high level of initiative, strong problem-solving skills, and the ability to apply concepts effectively before articulating their findings in various settings. You will also be encouraged to develop and grow your capabilities within the career progression framework.
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Key Responsibilities
- Drive the delivery of pricing activities, ensuring we can win and maintain profitable business.
- Lead technical pricing for tenders and inforce business reviews, managing quote teams to expedite delivery.
- Derive pricing assumptions independently for opportunities or new benefits/risks where data is limited, ensuring an understanding of key risk factors.
- Support marketing and business development in client relations, including direct negotiations with pricing counterparts during quotes.
- Produce well-evaluated reports with clear documentation of thought processes and concise executive summaries across key business and technical considerations.
- Challenge current practices, continuously improving processes and documentation while emphasizing pragmatism in pricing work.
- Effectively coach junior team members and promote training within the team.
- Manage stakeholders throughout the quote process, ensuring effective communication with approvers and balancing technical/commercial considerations.
- Build and maintain internal relationships across various teams.
Typical Requirements
- A qualified actuary with strong technical ability and pricing experience, knowledgeable about the UK/Irish Protection markets.
- Experience using Pricing tools like Tyche, SQL, Tableau, R, and strong Excel skills.
- Ability to work independently while collaborating with teams across different regions.
- Skill in interpreting and analysing data, along with making clear decisions based on expert judgement.
- Strong problem-solving and prioritisation skills that balance jugdement and detail while meeting deadlines.
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Working For Pacific Life Re
We value each team member for their unique strengths, encouraging professional development and supporting individual ambitions. Our work environment demands excellence and rigor, but we foster a culture where hard work is balanced by teamwork, achievement, and social engagement. From team-building days to celebrating successes with our colleagues, our commitment to employee well-being and work-life balance is visible.
Benefits (Permanent & Fixed-Term Employees)
Leave
- 25 days of annual leave, with the option to buy/sell more days.
- Adoption and fertility leave.
- Enhanced parental leave.
Healthcare
- Comprehensive private insurance coverage for employees and dependents.
- Group Life Insurance covering 9x basic annual salary and Group Income Protection up to 75% of basic salary.
- Optical benefits.
Savings & Retirement
- 15% combined employee/employer contributions.
Wellness
- Subsidised gym memberships.
- Access to an Employee Assistance Program.
- Cycle to Work & Electric Car Salary Sacrifice schemes.
- Volunteering time off.
- Charitable matching of employee donations.
Diversity & Inclusion Statement
We are committed to a Culture of Diversity & Inclusion, fostering an environment where every employee, partner, and community member can thrive and reach their fullest potential.
As part of our commitment to Diversity & Inclusion, we will consider reasonable adjustments during the recruitment process for applicants with disabilities. Please contact us if you require assistance ensuring equitable access during the process.
Learn more about our company values and culture.
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