Actuarial Manager, Deal Pricing, Savings

The TeamThe Savings & Retirement (S&R) team at Pacific Life Re is responsible for sourcing opportunities and executing reinsurance transactions with clients in our target global retirement markets. We deliver bespoke reinsurance solutions to our clients to support policyholders' retirement needs and financial goals. The Deal Pricing team within S&R is responsible for pricing all products and reinsurance structures across our global markets. Key ResponsibilitiesFocus on cashflow & capital modelling, ensuring the specific products & risks are appropriately captured in pricing.

Produce deal metrics to meet all pricing hurdles & governance requirements. Set the investment strategy for funded transactions and seek to optimise within investment risk tolerances. Work closely with the ALM and investment management teams. Optimise deal structuring with the client solutions team to provide a strong commercial package while ensuring efficient capital structure for PL Re.

Ensure pricing activities related to treaty execution and hand over required information to the S&R inforce management team for implementation. The RoleWe have an exciting opportunity for an individual with strong technical skills from either an actuarial or investment background to join the S&R Deal Pricing team. ResponsibilitiesTake ownership in leading quotes across S&R products and markets. Drive success from encouraging and developing deal teams.

Take ownership for developing our asset pricing approaches and work with the AVP, Deal Pricing to implement & obtain approvals for new approaches to improve pricing. Identify inefficiencies in pricing processes & controls and lead projects implementing improvements as part of PL Re's drive for process enhancements. Understand macroeconomic assumptions (interest rates, credit spreads, FX) impact on pricing. Obtain and interpret required investment data from Bloomberg and from investment teams.

Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures across economic capital, Bermuda Monetary Authority and NAIC RBC regimes. Work with the S&R Insurance Pricing team on understanding benefit structures and developing the insurance basis for S&R transactions. Follow financial markets and translate and explain changes in market conditions into pricing changes. Work with asset management team to agree investment assumptions for pricing.

Work with client solutions team to continually develop proposition and build strategies that manage and mitigate risks such as currency, inflation etc. Manage pricing actuaries & analysts in the team and ensure their technical & soft skills development.

Qualifications

& ExperienceStrong technical skills necessary to build & run actuarial / asset models and interpret the results. Prior experience in Pricing is beneficial but not essential. Broad understanding of capital modelling, asset risks & strategies for liability driven investments is desirable. Professional qualifications (FSA, IFoA, CFA or similar) with 5+ years of professional experience in an investment or actuarial team.

Ability to work independently on critically reviewing numbers coming out of the model, understanding what drives changes, sense‑checking results and suggesting improvements to drive price benefits. Deal focused individual able to work to tight timelines and periods of high‑pressure to deliver on pricing commitments to internal stakeholders and clients. Strong experience of Excel and actuarial / asset modelling software (e.g. Tyche, Bloomberg).

Good understanding of market risks (interest rates, FX, credit spread, liquidity) and how they impact insurance capitalization. Understanding of insurance company balance sheets including insurance capital frameworks. Strong communication skills, stakeholder management, ability to seek approvals / pitch. Adaptability to changing priorities and ability to switch focus seamlessly.

Candidates should demonstrate sufficient competencies to be considered for this position. Working For Pacific Life ReEvery person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work–life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and wellbeing initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities. BenefitsLeave: 23 days of annual leave (regular employees) with option to buy or sell more daysFertility leaveGenerous parental leaveHealthcareGroup Life Insurance and Accidental Death & Dismemberment coverage for all permanent employeesDental & Optical benefitsRRSP: company‑matched contributionsWellnessEmployee and Family Assistance ProgramSubsidised gym membershipTime off for volunteeringCharitable matching of employee donationsCommitment to Diversity & InclusionWe will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities.

Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible. Pacific Life Re ValuesAt Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible. Working in some of the most complex and fast‑moving markets has taught us that knowledge and innovation go hand in hand.

Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda. With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop. #J-18808-Ljbffr