Manager, Deal Pricing S&R

Pacific Life Re•Toronto, ON

About The Position

We have an exciting opportunity for an individual with strong technical skills from either an actuarial or investment background to join the S&R Deal Pricing team. Responsibilities of the role include: Take ownership in leading quotes across S&R products and markets. Drive success from encouraging and developing deal teams. Take ownership for developing our asset pricing approaches and working with the AVP, Deal Pricing to implemented & obtain approvals for new approaches to improve pricing Identify inefficiencies in pricing processes & controls and lead projects implementing improvements to address these as part of PL Re’s drive for process enhancements. Understanding of macroeconomic assumptions (interest rates, credit spreads, FX) impact on pricing. Being able to obtain and interpret required investment data from Bloomberg and from investment teams. Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes. Working with the S&R Insurance Pricing team on understanding benefit structures and developing the insurance basis for S&R transactions. Following financial markets and being able to translate and explain changes in the market conditions into changes to pricing. Work with the asset management team to agree investment assumptions for pricing. Work with the client solutions team to continually develop our proposition and look for and build strategies that manage and mitigate risks such as currency, inflation etc. Manage pricing actuaries & analysts in the team and ensure their technical & soft skills development.

Requirements

Strong technical skills necessary to build & run actuarial/asset models and interpret the results.
Prior experience in Pricing is beneficial but not essential.
Broad understanding of capital modelling, asset risks & strategies for liability driven investments is desirable
Professional qualifications (SOA, IFoA, CFA or similar) with 5+ years of professional experience in an investment or actuarial team.
Ability to work independently on critically reviewing numbers coming out of the model, understanding what drives changes, sense-checking results and suggesting improvements to drive price benefits
Deal focused individual.
Able to work to tight timelines and periods of high-pressure to deliver on pricing commitments to internal stakeholders and clients, often across multiple deals simultaneously.
Strong experience of Excel and actuarial/asset modelling software (e.g. Tyche, Bloomberg)
Good understanding of market risks (interest rates, FX, credit spread, liquidity) and how they impact insurance capitalization.
Understanding of insurance company balance sheets including insurance capital frameworks
Strong communication skills. Able to communicate complex actuarial concepts to a range of audiences both verbally and written.
Track record of stakeholder management & seeking approvals/pitching.
Able to adapt to changing priorities and switch focus seamlessly.

Responsibilities

Take ownership in leading quotes across S&R products and markets.
Drive success from encouraging and developing deal teams.
Take ownership for developing our asset pricing approaches and working with the AVP, Deal Pricing to implemented & obtain approvals for new approaches to improve pricing
Identify inefficiencies in pricing processes & controls and lead projects implementing improvements to address these as part of PL Re’s drive for process enhancements.
Understanding of macroeconomic assumptions (interest rates, credit spreads, FX) impact on pricing.
Being able to obtain and interpret required investment data from Bloomberg and from investment teams.
Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes.
Working with the S&R Insurance Pricing team on understanding benefit structures and developing the insurance basis for S&R transactions.
Following financial markets and being able to translate and explain changes in the market conditions into changes to pricing.
Work with the asset management team to agree investment assumptions for pricing.
Work with the client solutions team to continually develop our proposition and look for and build strategies that manage and mitigate risks such as currency, inflation etc.
Manage pricing actuaries & analysts in the team and ensure their technical & soft skills development.

Benefits

23 days of annual leave (Regular employees) with option to buy or sell more days
Fertility leave
Generous parental leave
Group Life Insurance and Accidental Death & Dismemberment coverage for all permanent employees
Dental & Optical benefits
RRSP: company-matched contributions
Employee and Family Assistance Program
Subsidized gym membership
Time off for volunteering
Charitable matching of employee donations