R&D Actuary, Europe at Pacific Life

London, England, United Kingdom

Pacific Life Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Reinsurance, InsuranceIndustries

Requirements

  • Nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries or Society of Actuaries or other similar organisation
  • An understanding of one or more of the markets we operate in (Longevity or Protection reinsurance)
  • Familiarity or experience with experience studies, trend modelling, and pricing within the life insurance industry (including reinsurers, insurers and consultancy)
  • Interest in programming and comfortable with or willing to learn software packages, such as Tableau, SQL and R
  • Knowledge of actuarial techniques such as Generalized Linear Models and Survival Models
  • Strong analytical abilities
  • Strong communication, organisational and presentation skills
  • Places a high value on innovation and continuous improvement

Responsibilities

  • Carry out assumption development work for longevity and protection lines of business
  • Support new business activity for longevity and protection
  • Expand knowledge of actuarial and statistical methods for best estimate assumption setting and data analysis and contribute to knowledge sharing internally, to ensure Pacific Life Re maintains a high level of technical knowledge in respect of mortality, morbidity and longevity risk

Skills

Key technologies and capabilities for this role

Actuarial assumptionsLongevityProtection reinsuranceData collectionData analysisModel fittingStatistical methodsMortality riskMorbidity riskProblem solving

Questions & Answers

Common questions about this position

What qualifications are required for the R&D Actuary role?

Candidates must be a nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries, Society of Actuaries, or a similar organization.

Where is the R&D Actuary position based?

The role is based in London with the R&D team.

What key skills and experience are needed for this position?

Required skills include an understanding of Longevity or Protection reinsurance markets, familiarity with experience studies, trend modelling, and pricing, interest in programming with tools like Tableau, SQL, and R, knowledge of actuarial techniques such as Generalized Linear Models and Survival Models, strong analytical abilities, and excellent communication, organizational, and presentation skills.

What is the company culture like at Pacific Life Re?

The company values technical skills, innovative ideas, effective communication, and individual ambitions while supporting expertise growth; the team works hard under pressure, thrives on achievement, knows how to have fun, and hosts team building days.

What makes a strong candidate for this R&D Actuary role?

A strong candidate places a high value on innovation and continuous improvement, demonstrates strong problem-solving skills, and has a passion for actuarial and statistical methods in mortality, morbidity, and longevity risk.

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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