R&D Actuary, Europe 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

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

Actuarial assumptions

Longevity

Protection reinsurance

Data collection

Data analysis

Model fitting

Statistical methods

Mortality risk

Morbidity risk

Problem solving

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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