AVP, Deal Pricing, Methodology & Proposition 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 while ensuring an efficient capital structure for PL Re.

The Role

We have an exciting opportunity for an individual with a 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 the latest pricing and analytical techniques and continuously improving internal approaches and expanding our proposition. This role is on-site 4 days per week and work from home 1 day per week in our Toronto office.

Key Responsibilities

• Maintain S&R Deal Pricing methodology framework, ensuring alignment with enterprise frameworks.
• Responsible for the maintenance and development of the S&R pricing models.
• 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.
• Use initiative and creative thinking to deliver new solutions, processes or approaches to pricing risk & develop new deal structures.
• Coach and develop members of the team to achieve team and company goals.
• Support and collaborate with the client solutions team in building and maintaining effective relationships with clients.
• Support efforts to enter new markets & products and ensure appropriate pricing input is provided.
• Ensure our pricing frameworks are well understood by the teams using these and lead delivery of training to maintain standards and technical excellence.

Qualifications & Experience

• Strong technical skills necessary to develop and implement pricing strategies for asset and insurance risk.
• Prior pricing experience beneficial but not essential.
• Strong desire to improve the effectiveness and efficiency of the pricing team.
• Qualified actuary or professional with financial markets/banking sectors with at least 7 years post-qualified experience.
• Strong and relevant experience in life (re)insurance and/or life consultancy.
• Strong analytical skills, combined with sound judgement and commercial awareness.
• Good understanding of the Savings & Retirement markets.
• Experience driving projects forward, ensuring targets are met & securing approvals from senior stakeholders.
• Strong written and verbal communication skills.
• Ability to work with colleagues at all levels of the organisation.
• Solid understanding of life insurance company balance sheets, capital and profit reporting regimes.

Salary range: $160,290.00 - $187,005.00 CAD

Benefits

• 23 days of annual leave with option to buy or sell more days.
• Fertility leave.
• Generous parental leave.
• Healthcare 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.