As a Pricing Manager at Pacific Life Re, you will lead detailed assessments of U.S. reinsurance opportunities, manage pricing projects, and independently develop pricing assumptions for new opportunities. You'll be responsible for ensuring effective stakeholder management during the quote process and support business development in promoting our brand. Additionally, you will mentor junior team members and contribute to continuous improvement initiatives.

To qualify for the Pricing Manager position at Pacific Life Re, you should hold an FSA or equivalent actuarial designation. Previous experience in reinsurance or direct insurance pricing, especially with large block transactions, is essential. You'll need strong analytical skills, an understanding of actuarial principles, and the ability to communicate complex ideas effectively.

Pacific Life Re places great importance on work-life balance. We regularly host team-building activities and social events that foster connections among employees. Additionally, we promote a culture that encourages relaxation and personal well-being, helping our Pricing Managers maintain a healthy equilibrium between their professional and personal lives.

At Pacific Life Re, Pricing Managers have numerous growth opportunities. You can enhance your technical skills through formal learning and development options, mentor junior colleagues, and take part in corporate social responsibility initiatives. Our inclusive culture encourages employees to engage in community activities, allowing you to grow both personally and professionally.

A Pricing Manager at Pacific Life Re should be proficient in actuarial modeling software such as Axis, Tyche, and Prophet, as well as data analytics tools like SQL, Python, R, Tableau, and Excel/VBA. Familiarity with these tools will enhance your ability to conduct in-depth analyses and support pricing projects effectively.

When developing pricing assumptions, I conduct a thorough analysis of historical data, market trends, and relevant risk factors. I apply actuarial judgment while collaborating with stakeholders to ensure that the assumptions align with the overall business strategy and objectives.

Stakeholder management is critical in pricing projects because it ensures that all relevant parties are aligned on pricing outcomes and expectations. I focus on clear communication and balancing technical details with commercial considerations, which helps build trust and foster collaboration across teams.

I have direct experience pricing large block reinsurance transactions where I analyze risks associated with mortality and lapse rates. I am adept at conducting experience analysis and utilizing relevant actuarial modeling software to deliver accurate pricing solutions that support the business development team.

During peer reviews, I actively listen to feedback and engage in constructive discussions. I believe in challenging assumptions thoughtfully and back up my insights with data or methodology, fostering a collaborative environment that leads to better pricing decisions.

My innovative mindset is inspired by the ever-evolving nature of the insurance market. I am committed to continuous improvement, and I always seek out new methodologies and technologies that can optimize our pricing processes and enhance our competitive edge.

I prioritize open communication and provide regular feedback to junior members. I design hands-on learning experiences, encourage them to ask questions, and involve them in complex projects to build their confidence and expertise in actuarial practices.

I find that a blend of actuarial modeling software like Prophet and data analysis tools such as SQL and R is highly effective for pricing analysis. These tools allow for comprehensive data processing and powerful predictive analysis needed to develop accurate pricing strategies.

Maintaining accuracy in pricing models involves continual validation of model assumptions against actual outcomes, keeping abreast of industry developments, and ensuring rigorous testing of the models under various scenarios to identify potential inaccuracies.

I once led a pricing project for a large block term life product where I successfully developed a comprehensive pricing framework. By collaborating with underwriting teams and leveraging advanced modeling techniques, we were able to secure competitive pricing that improved client relationships and profitability.

Effective communication is essential in the role of a Pricing Manager because it bridges the gap between technical data and business strategy. Clear communication helps stakeholders understand complex pricing decisions, aligns teams, and enhances client relationships, ultimately driving business success.