Job Title
Actuarial Pricing Manager, Capital Solutions
Job Description
Capital Solutions is the newest line of business that Pacific Life Re will be offering to support clients. We are offering financial reinsurance to clients to enhance their balance sheet, either through access to trapped capital, reduction to earnings volatility or new business financing.
The Pricing team is responsible for carrying out a risk assessment of each deal, alongside proposing appropriate pricing levels to cover this risk. They will also contribute to the decision-making process for the structuring of the deals. Given this is a new line of business, this role will be helping to set up processes and best practices whilst we form and implement our strategy.
This will cover a range of products across the world, and the team will work in conjunction with the Protection and S&R teams to offer a fully comprehensive product suite to clients.
Key responsibilities
Risk Assessment & Pricing
Conduct detailed assessments of potential opportunities considering factors such as deal attractiveness, counterparty creditworthiness, market conditions, and regulatory requirements. Develop and apply pricing methodologies to determine appropriate pricing levels for each deal, ensuring profitability is aligned with risk exposure. Collaborate with the wider Capital Solutions / PL Re team to structure deals that meet clients' needs and align with PL Re risk appetite. Process & Assumption Development
Contribute to the development of best practices, pricing guidelines, and risk appetite frameworks for the Capital Solutions business. Assist in building and maintaining pricing models and tools to enhance efficiency and accuracy. Support in the setting of the capital basis for different risk types, markets, and transactions. Business Analysis & Support
Keep abreast of market trends, regulatory changes, and competitive landscape to identify potential opportunities. Work alongside the wider PL Re teams to report on our risk appetite and limits. Qualifications & Experience
Strong technical and problem-solving skills with the ability to work with a wide range of data sets and information. Qualified actuary with a number of years of post-qualified experience. Excellent communication skills with the ability to effectively explain new concepts to stakeholders and collaborate with other teams around the business. Ability to work independently in a flexible, dynamic team with occasional high-pressure deadlines. Pricing experience in the European or Asian markets and/or prior experience within a FinRe team is desirable. A strong understanding of capital, financial accounting, balance sheets, and regulatory frameworks is desirable. Working For Pacific Life Re Every 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. Of course, we take our work seriously, and we know our team can operate under great pressure. 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 well-being initiatives. We are also committed to supporting our employees' involvement in their communities by actively fundraising, hosting charity events, and overseeing volunteering opportunities. Benefits (Only for Permanent and Fixed Term Employees) Stakeholder Pension Scheme Life Assurance Subsidised Gym Membership Private Medical Insurance Season Ticket Loan Eye Care Employee Assistance Programme Group Income Protection Wellness Benefits As part of our commitment to diversity and inclusion, we 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 Principles and Behaviours Please click here to view our company principles and behaviours.
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Conduct detailed assessments of potential opportunities considering factors such as deal attractiveness, counterparty creditworthiness, market conditions, and regulatory requirements. Develop and apply pricing methodologies to determine appropriate pricing levels for each deal, ensuring profitability is aligned with risk exposure. Collaborate with the wider Capital Solutions / PL Re team to structure deals that meet clients' needs and align with PL Re risk appetite. Process & Assumption Development
Contribute to the development of best practices, pricing guidelines, and risk appetite frameworks for the Capital Solutions business. Assist in building and maintaining pricing models and tools to enhance efficiency and accuracy. Support in the setting of the capital basis for different risk types, markets, and transactions. Business Analysis & Support
Keep abreast of market trends, regulatory changes, and competitive landscape to identify potential opportunities. Work alongside the wider PL Re teams to report on our risk appetite and limits. Qualifications & Experience
Strong technical and problem-solving skills with the ability to work with a wide range of data sets and information. Qualified actuary with a number of years of post-qualified experience. Excellent communication skills with the ability to effectively explain new concepts to stakeholders and collaborate with other teams around the business. Ability to work independently in a flexible, dynamic team with occasional high-pressure deadlines. Pricing experience in the European or Asian markets and/or prior experience within a FinRe team is desirable. A strong understanding of capital, financial accounting, balance sheets, and regulatory frameworks is desirable. Working For Pacific Life Re Every 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. Of course, we take our work seriously, and we know our team can operate under great pressure. 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 well-being initiatives. We are also committed to supporting our employees' involvement in their communities by actively fundraising, hosting charity events, and overseeing volunteering opportunities. Benefits (Only for Permanent and Fixed Term Employees) Stakeholder Pension Scheme Life Assurance Subsidised Gym Membership Private Medical Insurance Season Ticket Loan Eye Care Employee Assistance Programme Group Income Protection Wellness Benefits As part of our commitment to diversity and inclusion, we 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 Principles and Behaviours Please click here to view our company principles and behaviours.
#J-18808-Ljbffr
