Actuary, Assumption Development, R&D
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 a pursuit of excellence, we strive to innovate and provide superior protection, savings and retirement reinsurance products.
Role Overview
We have an exciting opportunity for a (nearly) qualified actuary with experience in assumption setting or experience analysis to join the R&D team. This is an opportune time to contribute to our expansion across Europe and North America. In this role you will work across longevity and protection markets, developing actuarial bases for best estimate assumptions from data analysis through model fitting, validation and final approval. Experience with Generalised Linear Models and Survival models is advantageous.
Responsibilities
- Work across longevity and protection markets to develop market‑leading assumption models.
- Source data, build models and apply innovative approaches to assumption setting.
- Provide robust challenge to assumptions and approaches adopted by pricing.
- Build effective working relationships with stakeholders and support alignment on technical recommendations.
- Support actuarial research initiatives, including internal analysis, thought‑leadership work and engagement with academic partners.
- Provide guidance and mentoring within the R&D team and support development of junior members.
Skills & Experience
- Nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries, Society of Actuaries or similar organisation.
- Strong analytical and problem‑solving skills.
- Structured reasoning to solve straightforward problems and recognize options for complex decisions.
- Judgement to deliver in new or evolving areas.
- Understanding of one or more markets (longevity or protection reinsurance).
- Familiarity with experience studies, trend modelling and pricing within the life insurance industry.
- Proficiency in programming languages such as SQL, R or Tyche.
- Knowledge of actuarial techniques such as Generalised Linear Models and Survival Models.
- High value placed on innovation and continuous improvement.
- Strong collaboration, team‑working and interpersonal skills.
- Experience presenting to varied audiences on technical topics to gain approval.
- Ability to work independently and lead on work.
- Organised and deadline‑focused.
Benefits
- 25 days of annual leave, with option to buy/sell additional days.
- Adoption and fertility leave.
- Generously enhanced parental leave.
- Comprehensive private health insurance for employees and dependents.
- Group life insurance coverage of 9x basic annual salary and income protection up to 75% of basic salary.
- Optical benefits.
- 15% combined employee/employer contributions to savings and retirement plans.
- Subsidised gym membership and access to Employee Assistance Program.
- Cycle to Work and Electric Car Salary Sacrifice Scheme.
- Time off for volunteering and charitable donation matching.
We are committed to a culture of diversity and inclusion and welcome all applicants. We provide reasonable adjustments during the recruitment process to ensure equal access for applicants with disabilities.
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