Head of Client Solutions, Savings & Retirement at Pacific Life

London, England, United Kingdom

Pacific Life Logo
Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Reinsurance, InsuranceIndustries

Requirements

  • At least 5 years’ experience in operating in (re)insurance including time in market facing and technical roles – experience in the markets that PL Re focuses on would be preferred
  • Experience in asset intensive business and the associated structuring frameworks
  • Experience in Longevity (re)insurance
  • Deep understanding of the technical basis of reinsurance business, with a proven ability to understand and question pricing and / or capital bases
  • Excellent communication skills and track record of strong working relationships
  • Ability to set and deliver compelling strategies in a challenging business environment
  • 5+ years experience in a sales, new business or client relationship role
  • Exceptional managerial and influencing skills and an ability to operate at all levels
  • Highly financially literate and can understand reinsurance pricing, financial reporting and capital to a high level of detail
  • In depth understanding of risk frameworks and controls

Responsibilities

  • Play a leading role in the development of the Savings & Retirements strategy, developing business plans and KPIs based on these strategies
  • Lead and be accountable for the execution and implementation of the new business part of these plans effectively and efficiently
  • Develop market leading client relationships in the UK with the support of the Client Solutions leaders in other markets having a consistent approach
  • Ensure there is effective relationship at each level of seniority within our clients and Savings and Retirements are able to use these relationships to expand and grow business whilst supporting client needs
  • Accountable for new business volume delivery in the UK ensuring there is an effective working model between Client Solutions, Pricing and other key functions such as Legal so that Pacific Life Re can deliver on its client quote and business needs whilst delivering required new business volumes and strong working relationships
  • Responsible for high quality decision making across Savings and Retirements including but not limited to being an approver in the treaty authorities on new UK transactions and treaties and ensuring appropriate structures and terms are offered to ensures business is within risk appetite and potential stress event are understood
  • Be a leading member of the Client Solutions Leadership team taking an interest and supporting role in the global Client Solutions efforts
  • Support the VP, Client Solutions, Savings and Retirements and the Savings & Retirements Executive Committee, in delivering a strategy and business plan for the UK and lead on the execution of this strategy in client relationships and solutions for the UK market
  • Accountable for the sales, client relationships, structuring and execution of transactions in the UK market, including execution of longevity, funded reinsurance and any other Savings and Retirements products
  • Develop a culture across Savings & Retirements consistent with the Pacific Life Re target culture and consistent with the company’s Principles and Behaviours, and ensure support required to reports to keep staff highly engaged

Skills

Reinsurance
Longevity
Funded Reinsurance
Client Relationship Management
Sales
Business Development
Strategy Execution
Business Planning
KPI Management
Leadership

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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