Manager, Pricing, Divisional at Pacific Life

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Qualified Actuary
Ability to work independently in a small, flexible and dynamic team
Strong technical and problem-solving skills
Strong written and verbal communication skills
Prior Pricing experience in any line of business or region
Experience with statistical methods or a demonstrated interest and eagerness to develop skills in this area
Interest in programming and comfortable with or willing to learn software packages, such as Tableau, SQL and R

Responsibilities

Build strong working relationships with global actuarial pricing, risk and capital management teams
Provide robust oversight to the pricing function through:
Reviewing front line pricing on the largest and most non-standard quotes
Conducting deep dives to understand and ensure appropriateness of current assumptions, application and methodologies
Ensuring non-decrement assumptions are up to date and consistent across the division
Monitoring and reporting of Enterprise Pricing Metrics at a product family and PL Re level
Drive and contribute to PL Re wide projects impacting pricing:
Develop division wide methodologies (leveraging existing methodology where appropriate) and continue to build PL Re pricing reference library
Pursue consistency of pricing methodology and process across regions and lines of business by identifying and setting best practice
Ensure the continued evolution of analytic techniques in pricing through thought leadership
Support Pricing team activities and further build on PL Re Pricing methodologies and culture:
Provide support and thought leadership for the pricing of new risks or novel reinsurance structures
Facilitate and encourage cross region and LoB collaboration via divisional projects
Define and ensure consistent PL Re pricing culture
Provide regular and transparent updates to Pricing teams and the wider business

Skills

Actuarial Science

Pricing Analysis

Risk Management

Capital Management

Data Analysis

Assumption Setting

Methodology Development

Analytics

Enterprise Metrics

Thought 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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