Job Title
AVP, Deal Pricing, Markets
Job Description
We have an exciting opportunity for an individual with strong technical actuarial / investment background to join the S&R Deal pricing team delivering on the team’s responsibilities above.
You will be a leader in the team providing high-quality analysis and supporting the technical & personal development of other team members.
As a creative thinker the role holder will support the development of PL Re pricing sophistication by understanding latest pricing and analytical techniques and continuously improving internal approaches and expanding our proposition
Key responsibilities
Maintain S&R Deal Pricing methodology framework. Ensure this remains aligned with the enterprise frameworks and meets the needs of Savings & Retirement as the business develops
Responsible for the maintenance and development of the S&R pricing models. Ensure high standards of development and changes in line with model development frameworks
Provide technical leadership and expertise for methodology and proposition developments within S&R. Work closely with client solutions and the pricing and portfolio solutions team on implementing new strategies and solutions for our clients
Demonstrate sound judgement in reviewing pricing proposals through constructive challenge and active recommendations. Including ensuring enterprise owned assumptions and inputs to the pricing are well understood and appropriate for the S&R business.
Uses initiative and creative thinking to deliver new solutions, processes or approaches to pricing risk & develop new deal structures.
Responsible for coaching and developing members of the team, to achieve team and company goals and individual performance standards
Support and collaborate with the client solutions team in building and maintaining effective relationships with clients and promoting the Pacific Life Re brand. Support efforts to enter new markets & products and ensure appropriate pricing input is provided.
Support the pricing of non-standard transactions by providing technical oversight and challenge.
Ensure our pricing frameworks are well understood by the teams using these and lead delivery of training to maintain standards and technical excellence
The successful candidate will:
have strong technical skills necessary to develop and implemented pricing strategies for asset and insurance risk. Prior pricing experience beneficial but not essential
have a strong desire to improve the effectiveness and efficiency of the pricing team through development of models, frameworks and individuals
be a qualified actuary or professional with financial markets/banking sectors with at least 7yrs post qualified experience.
have strong and relevant experience in life (re)insurance and/or life consultancy, ideally with asset strategy expertise.
have strong analytical skills, combined with sound judgement and commercial awareness, to produce justifiable and practical pricing advice even where data is sparse or difficult to work with.
have a good understanding of the Savings & Retirement markets (e.g. UK PRT, Japan funded reinsurance)
enable the development of junior members of the team and encourage ownership and responsibility for their individual task in respect deal pricing responsibilities.
Have experience driving projects forward, ensuring targets are met & securing approvals from senior stakeholders
Have strong written and verbal communication skills. Demonstrate an ability to work with colleagues at all levels of the organisation
Have a solid understanding of life insurance company balance sheets, capital and profit reporting regimes (IFRS, Solvency II, US GAAP, BMA).
Salary: $160, 290.00 - $187, 005.00 CAD
Compensation Range
The compensation range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience,…