Job Description
Job Title
Pricing Manager, S&RJob Description
Inforce Flow Pricing Manager – Deal Pricing Team
The 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. We focus on modelling cashflows, capital, and deal metrics, and with an emphasis on asset pricing for funded reinsurance transactions.
We have an opportunity for an experienced Actuary to join our team focussing on pricing flow transactions. The ideal candidate will have deep knowledge and experience in structuring deals and developing and modelling investment solutions to back insurance liabilities.
The Role
You will be leading a team responsible for pricing inforce flow transactions for saving and retirement deals, delivering prices according to schedules, and working closely with the Client Solutions team, Pricing & Portfolio Solutions (PPS) team, and Finance and Operations teams.
Key Responsibilities:
- Price Delivery: Lead the pricing of inforce flow transactions on a regular cadence, ensuring timely delivery against schedules. Perform detailed analysis to support internal governance and approvals.
- Assumptions & Model Oversight: Lead regular reviews of pricing assumptions, investment strategies, and model developments. Identify opportunities to enhance pricing accuracy and competitiveness, and drive continuous model improvement.
- Reporting & Insights: Oversee new business metrics and management reporting for flow transactions, providing clear insights to support decision-making and performance monitoring.
- Process Optimisation: Drive process improvement initiatives to enhance scalability and efficiency. Strengthen operational processes and model risk controls, while maintaining high-quality and up-to-date documentation.
- Stakeholder Engagement: Build and maintain strong working relationships with Client Solutions, Pricing & Portfolio Solutions (PPS), Corporate Actuarial, and Operations teams. Collaborate effectively to support pricing delivery and ensure seamless downstream execution.
Qualifications & Experience
Core Skills & Experience:
- Professional qualifications (IFoA, SOA, or similar) with 5+ years of professional experience in an actuarial team.
- Managerial experience with a forward-thinking mindset, with the ability to lead a team to deliver pricing according to planned schedules.
- Highly organised with strong project and workflow management skills. Able to prioritise effectively, adapt to changing priorities, and ensure timely delivery against deadlines.
- Ability to critically analyse model outputs, identify key drivers, and propose pricing improvements.
- Strong communication skills. Able to communicate complex actuarial concepts to a range of audiences both verbally and written. Track record of stakeholder management & seeking approvals/pitching.
- Experience in insurance/reinsurance pricing for asset intensive business. Understanding of market risks (interest rates, FX, credit spread, liquidity).
- Deal structuring experience, with relevant experience relating to collateral structures and developing investment strategies, is an advantage.
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 employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits (Only for Permanent and Fixed Term Employees)
Leave
25 days of annual leave with option to buy/sell more days
Adoption and fertility leave
Generous enhanced parental leave
Healthcare
Comprehensive private insurance coverage for employee and dependents
Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary
Optical benefits
Savings & Retirement
15% combined employee/employer contributions
Wellness
Subsidized gym membership
Access to Employee Assistance Program
Cycle to Work and Electric Car Salary Sacrifice Scheme
Time off for volunteering
Charitable matching of employee donations
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
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 Values