AVP, Pricing, Capital Solutions at Pacific Life

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Reinsurance, Insurance, Financial ServicesIndustries

Requirements

Strong technical and problem-solving skills with the ability to work with a wide range of data sets and information
Experience within a FinRe / Structured Solutions team
Experience managing a team; including but not limited to building a team culture, coaching and developing team members and recruiting for key positions
Qualified actuary with a minimum of 5 years post qualified experience
Excellent communication skills with the ability to effectively explain new concepts to stakeholders and collaborate with other teams around the business
Ability to work independently in a flexible, dynamic team with occasional high-pressure deadlines
Pricing experience in the European and / or Asian markets
A strong understanding of capital, financial accounting, balance sheets and regulatory frameworks is desirable

Responsibilities

Lead and develop the Pricing Team, fostering a high-performance culture through mentoring, coaching and continuous feedback
Oversee the delivery of pricing quotes and the evolution of processes and assumptions, ensuring consistency and rigour across transactions
Define and implement the team’s pricing strategy, ensuring alignment with broader business objectives and market positioning
Oversee, review and provide challenge on the detailed assessments of potential opportunities considering factors such as deal attractiveness, counterparty creditworthiness, market conditions and regulatory requirements
Collaborate with the wider Capital Solutions / PL Re team to support in deal structuring to meet clients' needs, ensuring alignment with PL Re risk appetite
Support Client Solutions and Legal teams to see transactions through to execution; informing commercial strategy throughout the process and ultimately contributing to and reviewing treaty wording before signing
Support the Client Solutions team by attending client meetings, gathering market intel and identifying potential opportunities for PL Re
Monitor market trends, regulatory developments and competitive landscape
Contribute to the development and refinement of strategy for the business line
Contribute to the development of best practices, pricing guidelines and risk appetite and governance frameworks for the Capital Solutions business
Assist in building and maintaining pricing models and tools to enhance efficiency and accuracy
Support in the setting of the capital basis for different risk types, markets and transactions

Skills

Key technologies and capabilities for this role

PricingRisk AssessmentTeam ManagementDeal StructuringFinancial ReinsuranceMentoringCoachingRegulatory RequirementsMarket Strategy

Questions & Answers

Common questions about this position

What is the salary or compensation for the AVP, Pricing, Capital Solutions role?

This information is not specified in the job description.

Is this position remote or does it require office work?

This information is not specified in the job description.

What skills and experience are required for this role?

Strong technical and problem-solving skills with the ability to work with a wide range of data sets and information, plus experience within a FinRe / Structured Reinsurance environment are required.

What is the team structure like for this position?

The role involves leading and developing the Pricing Team within the Capital Solutions business, which operates globally and sits alongside Protection and Savings & Retirement teams.

What makes a strong candidate for this AVP role?

Candidates with strong technical and problem-solving skills, experience in FinRe or Structured Reinsurance, and the ability to lead a team while overseeing risk assessment and pricing are ideal.

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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