AVP, Deal Pricing, Markets in Toronto

The Savings & Retirement (S&R) team at Pacific Life Re is responsible for sourcing opportunities and executing reinsurance transactions with clients in our target global retirement markets. We deliver bespoke reinsurance solutions to our clients to support policyholders' retirement needs and financial goals. The Deal Pricing team within S&R is responsible for pricing all products and reinsurance structures across our global markets.

Key Responsibilities:

• The team focuses on cashflow & capital modelling, ensuring the specific products & risks are appropriately captured in pricing.
• Produce deal metrics to ensure these meet all pricing hurdles & governance requirements.
• Set the investment strategy for funded transactions and seek to optimise this within our investment risk tolerances.
• Work closely with the ALM and investment management teams.
• Collaborate with the client solutions team to optimise deal structuring to provide clients with a strong commercial package whilst ensuring an efficient capital structure for PL Re.
• Deliver high quality analysis and support the technical & personal development of other team members.
• Support the development of PLRe pricing sophistication by understanding latest pricing and analytical techniques and continuously improving internal approaches.
• Lead transactions in selected markets alongside the AVP market leads based in London.
• Oversee the quote process ensuring high technical standards and timely delivery of pricing and production of high quality analysis.
• Use initiative and creative thinking to deliver new solutions, processes or approaches to pricing risk & develop new deal structures.
• Ensure strong risk controls continue to be at the core of the processes and team culture.
• Support in the development of pricing methodologies and approaches, together with supporting timely implementation of treaties for valuation purposes.
• Coach and develop members of the team to achieve team and company goals and individual performance standards.
• Maintain a thorough and up to date knowledge of our clients, regulatory developments and of reinsurance/insurance industry trends.
• Apply actuarial judgement and ensure those developments are considered and where appropriate reflected in the pricing of S&R business as well as in the provision of technical support, risk assessment and pricing expertise to clients and colleagues.
• 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.
• Lead the S&R team based in Toronto and ensure the team culture is maintained and enhanced.

The Successful Candidate Will:

• Have strong technical skills necessary to develop and implement pricing strategies for asset and/or insurance risk.
• Be a qualified actuary or professional with financial markets/banking sector experience with at least 7 years post qualified experience.
• Have strong and relevant experience in life (re)insurance and/or life consultancy, ideally with pricing or 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 pension risk transfer market in the UK/US/Canada or other mature global savings & retirement markets.
• Enable the development of junior members of the team and encourage ownership and responsibility for their individual tasks in respect to 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

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.

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.