Senior Actuary, Pricing

About the role

Pacific Life Re's Savings & Retirement (S&R) team sources and executes reinsurance transactions for global retirement markets, delivering bespoke solutions for policyholders' retirement needs. The Deal Pricing team prices all products and reinsurance structures globally. This role suits someone with strong technical skills from an actuarial or investment background, offering ownership of complex, high-profile transactions and exposure across pricing, investments, capital, structuring and senior stakeholder decisions.

Key responsibilities

• Own pricing of funded reinsurance deals across global markets and lead analysis and delivery of individual transactions.
• Present pricing recommendations for approval at senior governance forums visible to the S&R leadership, COO and CEO.
• Work with the AVP, Deal Pricing to implement and obtain approval for new asset pricing approaches.
• Identify inefficiencies in pricing processes and controls and lead improvement projects.
• Understand economic assumptions (interest rates, credit spreads, FX) and obtain and interpret investment data from Bloomberg and investment teams.
• Understand capital requirement drivers across economic capital, Bermuda Monetary Authority and NAIC RBC regimes.
• Work with the S&R Insurance Pricing team on benefit features and with the client solutions team on propositions and risk mitigation strategies (currency, inflation).
• Follow financial markets and explain market-driven pricing changes to colleagues and clients.

Required profile

• Prior experience in ALM and/or pricing.
• Professional qualification (SOA, IFoA, CFA or similar) with 5+ years of experience in an investment or actuarial team.
• Ability to review model results, understand drivers, sense-check results and suggest improvements.
• Commercially minded, comfortable in a transaction environment with competing priorities.
• Strong communication skills and track record of stakeholder management and securing approvals.

Required skills

• Strong Excel and actuarial/asset modelling software (e.g. Tyche, Bloomberg, Python, R)
• Understanding of market risks (interest rates, FX, credit spread, liquidity) and their impact on insurance capitalization
• Desirable: capital modelling, asset risks, liability-driven investment strategies, funded reinsurance, annuities or retirement products, and insurance company balance sheet capital frameworks

What we offer

• Health, dental, life and AD&D, long-term disability and corporate travel insurance
• Group registered pension plan, social insurance and employee payroll tax
• Employee assistance programme, gym membership, housing allowance and social activities