AVP, Pricing, Capital Solutions

Job TitleAVP, Pricing, Capital Solutions

Job Description Capital Solutions is the newest line of business that Pacific Life Re offer to support clients. We are providing financial reinsurance to clients to enhance their balance sheet, either through accessing trapped capital, reducing earnings volatility or monetising value that currently sits off balance sheet.

The Pricing team operate globally and are responsible for carrying out the risk assessment of each deal, alongside proposing appropriate pricing levels to cover this risk. They will also contribute to the structuring of the deals, participate in client conversations and support in refining and implementing our market strategy.

The transactions will typically be of a bespoke nature, covering a range of products and risks across the world. The Capital Solutions team sits alongside the Protection and Savings & Retirement teams to offer a full comprehensive product suite to clients.

We have an exciting opportunity for an individual who is looking to take on a management role within our growing team.

Key responsibilities

Team Management Lead and develop the Pricing Team, fostering a high-performance culture through mentoring, coaching and continuous feedback

Oversee the delivery of pricing quotes and the evolution of processes and assumptions, ensuring consistency and rigour across transactions

Define and implement the team’s pricing strategy, ensuring alignment with broader business objectives and market positioning

Risk Assessment & Pricing Oversee, review and provide challenge on the detailed assessments of potential opportunities considering factors such as deal attractiveness, counter party creditworthiness, market conditions and regulatory requirements

Collaborate with the wider Capital Solutions / PL Re team to support in deal structuring to meet clients' needs, ensuring alignment with PL Re risk appetite

Support Client Solutions and Legal teams to see transactions through to execution; informing commercial strategy throughout the process and ultimately contributing to and reviewing treaty wording before signing

Business Analysis & Support Support the Client Solutions team by attending client meetings, gathering market intel and identifying potential opportunities for PL ReMonitor market trends, regulatory developments and competitive landscape

Contribute to the development and refinement of strategy for the business line Process & Assumption Development Contribute to the development of best practices, pricing guidelines and risk appetite and governance frameworks for the Capital Solutions business

Assist in building and maintaining pricing models and tools to enhance efficiency and accuracy

Supporting in the setting of the capital basis for different risk types, markets and transactions

Qualifications & Experience Strong technical and problem-solving skills with the ability to work with a wide range of data sets and information

Experience with in a Fin Re / Structured Solutions team Experience managing a team; including but not limited to building a team culture, coaching and developing team members and recruiting for key positions

Qualified actuary with a minimum of 5 years 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 and / or Asian marketsA strong understanding of capital, financial accounting, balance sheets and regulatory frameworks is desirable

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.

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. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and…