Avp, Pricing, Protection, Australia

AVP, Pricing, Protection, Australia

**Job Title**
AVP, Pricing, Protection, Australia

**The Role**

Working with the VP, Protection Pricing, Australia and alongside the AVP, Group Protection Pricing, Australia this role will be responsible for managing the pricing of individual business written in Australia by Pacific Life Re Australia ("PLRe Aus"). This includes Death, TPD, Critical Illness, and IP business written via retail and direct-sold distribution channels.

You will oversee a team of pricing actuaries and analysts that manage PL Re's retail-sold and direct-sold protection product treaties and the pricing for new individual-sold reinsurance opportunities. Working with the valuation and R&D teams, you will also set analytics plans and influence the assumptions used in policy liability calculations for those portfolios.

Your team will also be responsible for other pricing projects that arise over time. This includes maintenance of the non-decrement Terms of Trade (i.e. pricing approach and methodology for non-decrement assumptions) used across the pricing team. Other projects could involve supporting the Group-sold new business quotes, supporting global protection pricing teams, or supporting internal pricing basis and process developments.

In your AVP role, you will need to work collaboratively with members from other functional teams to execute and influence the business's strategic goals and to ensure business processes run smoothly. This includes business development, R&D, underwriting, claims, risk, and back-office teams. As part of a global line of business, you'll also engage with members from the pricing teams in our Singapore, London, and North American offices.

Working with the Pricing Managers in your team and PL Re's Client Solutions team, you will maintain relationships with pricing counterparts at current and prospective clients to understand our client's needs and build effective partnerships.

You'll be working in a company that values your technical skills, the innovative ideas and solutions you bring into the work you do, and your ability to communicate those ideas effectively.

**Responsibilities**
- Delivery of Pricing reinsurance terms, with strong leadership skills and resource management
- A visible contributor to the wider Business Unit, ensuring good proactive collaboration with key Teams (marketing, claims, underwriting, risk, and back-office teams)
- Leads robust challenge to assumptions, processes and strategy within Pricing and around the Company ensuring that everyone has a voice and discussions are organized to reach consensus
- Develops and motivates top talent, supporting the building of an engaged, empowered and market-leading team
- Supports the oversight of cutting-edge innovative solutions, ensuring evolution of Pricing practices in a competitive market
- Develops relationships with key client contacts to ensure PL Re is viewed as knowledge, respected and collaborative reinsurance partner
- Very strong communication and presentational skills, including to senior stakeholders, with one of the key responsibilities to achieve reinsurance pricing approval
- Supports the VP in developing and delivering the Pricing strategy which is in line with the strategy of PL Re and the relevant Business Unit
- Ability to give confidence to the wider organisation in the capability and judgment of the Pricing function

Qualifications & Experience

Essential:

- FIAA or equivalent status.
- 10+ years' experience in roles involving actuarial pricing or related functions
- Excellent understanding of actuarial principles and processes
- Strong knowledge of Australian market landscape
- Excellent technical, analytical and communication skills
- Significant management experience
- Ability to work independently and lead others and liaise with multiple stakeholders at all levels of the business

Desirable:

- Previous work history based in life insurance, particularly individual risk portfolios (distribution, pricing, product management)
- Good working knowledge of the Australian market for both Group and Retail business, including product terms and pricing approaches
- Change management and/or process improvement experience/credentials
- Experience in systems such as SQL, Tableau, and R and strong Excel/VBA skills
- Experience/knowledge of actuarial techniques such as Generalised Linear Models, Survival Models, stochastic models, and other machine learning techniques
- Strong mentoring skills to develop and train junior members of the team
- Project management skills

**Working For Pacific Life Re**

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range