Actuary, Assumption Development, R&D at Pacific Life Re | United Kingdom | Rezi

Actuary, Assumption Development, R&D at Pacific Life Re

Actuary, Assumption Development, R&D

Pacific Life Re · United Kingdom

1 months ago

Actuary, Assumption Development, R&D

Pacific Life Re · United Kingdom

2 months ago
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About the Role

We have an exciting opportunity for a nearly or qualified actuary ideally with experience in assumption setting or experience analysis to join the R&D team. This is an exciting time to join as we expand into new markets and strengthen our presence in existing ones across Europe and North America. In this role, you'll work across both Longevity and Protection markets, giving you diverse exposure and the opportunity to make a real impact. You'll contribute to developing the actuarial bases that set our best estimate assumptions — guiding work from initial data analysis through model fitting, validation, and final approval.

Responsibilities

  • Contribute to the development of market-leading assumptions by sourcing data, building models, and bringing innovative approaches to assumption setting
  • Provide robust challenge to assumptions and approaches adopted by Pricing
  • Build effective working relationships with stakeholders across the company, to support alignment and understanding of technical recommendations
  • Support actuarial research initiatives, including contributing to internal analysis, thought-leadership work, and engagement with academic partners
  • Provide guidance and mentoring within the R&D team, supporting the development for junior team members

Requirements

  • Previous experience with actuarial techniques like Generalised Linear Models and Survival models would be an advantage
  • Uses structured reasoning to solve straightforward problems, and contributes to more complex decisions by identifying options and evaluating trade-offs
  • Applies judgement to deliver in new or evolving areas, with support where needed
  • An understanding of one or more of the markets we operate in (Longevity or Protection reinsurance)
  • Familiarity of experience studies, trend modelling, and pricing within the life insurance industry (including reinsurers, insurers and consultancy)
  • Places a high value on innovation and continuous improvement
  • Ability to collaborate with strong team-working and interpersonal skills
  • Experience in presenting to varied audiences on technical topics to gain approval
  • Ability to work independently and lead on the work
  • Organised and deadline focussed

Skills

  • Nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries or Society of Actuaries or other similar organisation
  • Strong analytical skills and problem-solving abilities
  • Competent in using programming languages (e.g. SQL, R or Tyche)
  • Knowledge of actuarial techniques such as Generalized Linear Models and Survival Models

Location

  • Europe
  • North America

Work Type

  • Permanent
  • Fixed Term

Experience Level

  • Nearly qualified or qualified actuary

Benefits

  • 25 days of annual leave with option to buy/sell more days
  • Adoption and fertility leave
  • Generous enhanced parental leave
  • Comprehensive private insurance coverage for employee and dependents
  • Group Life Insurance coverage of 9x basic annual salary
  • Group Income Protection up to 75% of basic annual salary
  • Optical benefits
  • 15% combined employee/employer contributions
  • 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

About the Company

  • We are a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a mutual insurance group.
  • Fuelled by our pursuit of excellence and a quest to innovate, we’re proud to do things differently.
  • Our people are not afraid to disrupt and challenge industry thinking and provide the best protection, savings and retirement reinsurance products and services possible.
  • At 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.

Equal Opportunity

  • 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.