Job Title
AVP, 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, counterparty 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 Re
- Monitor 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 within a FinRe / 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 markets
- A strong understanding of capital, financial accounting, balance sheets and regulatory frameworks is desirable
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
Savings & Retirement
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
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
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