Actuarial Analyst, Pricing - Savings & Retirement

Job Title Actuarial Analyst, Pricing - Savings & Retirement

Job Description 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.

Key Responsibilities:

The team focusses on the cashflow & capital modelling, ensuring the specific products & risks are appropriately captured in pricing. We produce the deal metrics to ensure these meet all pricing hurdles & governance requirements.

We are responsible for setting the investment strategy for funded transactions and seek to optimize this within our investment risk tolerances. We achieve this by working closely with the ALM and investment management teams.

Working with the Client Solutions team, we have a strong focus on optimizing deal structuring to provide clients with a strong commercial package whilst ensuring an efficient capital structure for PL Re.The team is responsible for the pricing activities related to treaty execution, and ensuring the required information is handed over to the S&R inforce management team for implementation.

We have an exciting opportunity for an analytically minded individual with a strong quantitative background to join the S&R Deal Pricing team.

This role offers the opportunity to develop actuarial, investment and commercial expertise while working on complex reinsurance transactions across global Savings & Retirement markets.

Responsibilities of the role include:

Support the pricing of S&R transactions across products and markets by performing analysis, preparing pricing inputs and contributing to quote delivery.

Assist in the development, testing and implementation of pricing methodologies, proposition enhancements and model improvements.

Maintain and enhance pricing models, tools and databases to support efficient and accurate pricing.

Support the collection, validation and analysis of investment and market data, including interest rates, credit spreads, FX rates and asset characteristics from Bloomberg and internal investment teams.

Develop an understanding of how investment assumptions, insurance assumptions and transaction structures impact pricing outcomes.

Assist in analyzing the capital implications of S&R transactions under various regulatory and internal capital frameworks.

Work with colleagues across Deal Pricing, Insurance Pricing, asset management and Client Solutions to support transaction analysis and proposition development.

Monitor financial market developments and support analysis of how changing market conditions affect pricing and transaction competitiveness.

Contribute to projects focused on improving pricing models, controls, automation and governance processes as part of PL Re’s drive for process enhancements.

Prepare analyses, reports and presentations to support pricing decisions and internal governance processes.

Build technical knowledge of S&R products, reinsurance structures, actuarial techniques and investment concepts through on-the-job learning and professional development.

Support the documentation of pricing methodologies, assumptions, processes and model changes to ensure strong governance and knowledge sharing.

Core skills and experience:

Strong quantitative and analytical skills, with the ability to work with complex datasets and interpret model outputs. An actuarial, mathematics, statistics, finance, economics or other quantitative background is preferred.

Progress towards a professional qualification (SOA, IFoA, CFA or similar), or a willingness to pursue relevant professional qualifications.

Relevant experience in an actuarial, investment, insurance, reinsurance or other quantitative role is beneficial but not essential. Prior pricing experience is beneficial but not essential.

Ability to analyze results, identify key drivers of changes, perform reasonableness checks and investigate unexpected outcomes.

Strong attention…