The Role
The Actuary, Pricing Protection is a senior professional role within the Protection Pricing team in Australia, materially contributing to pricing activities across Pacific Life Re Australia's protection business.
Job Title
Pricing Actuary, Protection, Australia
Job Description
The Actuary, Pricing Protection is a senior professional role within the Protection Pricing team in Australia, materially contributing to pricing activities across Pacific Life Re Australia's protection business. The role supports the pricing of Retail, Group, and Direct sold protection business, with a primary long-term focus on a key retail portfolio business in Australia. In the short term, the role will play a key role in a unique global project, leading pricing process redesign and redevelopment initiatives in close collaboration with partner teams. Working closely with the Manager Protection Pricing and other senior pricing colleagues, the role ensures pricing outcomes meet profit and risk targets, comply with pricing and risk management standards, and are supported by robust documentation, governance, and technical rigour.
Pricing Actuary Responsibilities
* Leading and delivering pricing workstreams for retail new business and in force pricing quotations, ensuring timely, high quality pricing terms supported by robust analysis and clear documentation
* Deriving and reviewing pricing assumptions (including for new benefits, risks, or structures) with minimal guidance, applying actuarial judgement and making well-reasoned recommendations to senior stakeholders
* Producing high quality pricing papers and reports, including concise executive summaries that clearly articulate key commercial, technical, and risk considerations
* Ensuring adherence to pricing guidelines, governance standards, and approval frameworks, proactively engaging approvers and escalating issues where required
* Leading pricing projects and initiatives, including process design, redevelopment, and automation initiatives aligned with a key global project and longer-term pricing strategy
* Designing, building, and maintaining pricing tools and models, with a strong focus on Python based development and automation (including acting as, or developing into, a lead developer of complex tools for the team)
* Challenging existing practices constructively and driving continuous improvement across pricing processes, tools, models, and documentation to reduce operational risk and improve efficiency
* Working closely with internal stakeholders including Client Solutions, R&D, Corporate Actuarial, Claims, and Underwriting to improve insurance risk management, profitability, and competitive positioning
* Supporting marketing and business development activities, contributing pricing insight and helping build and maintain strong client relationships, particularly within the key retail partnership
* Coaching and developing junior team members, providing technical guidance, training, and review support as appropriate
Qualifications & Experience
* Qualified Actuary (Fellow of a recognised professional actuarial body, e.g. Actuaries Institute Australia, IFoA, SOA), or equivalent experience
* Strong understanding of actuarial pricing principles, processes, and governance frameworks
* Prior working experience in direct insurance pricing, including assumption setting, new business and in-force repricing
* Strong Python coding capability, with experience developing or maintaining pricing tools and models
* Experience leading or contributing to process redesign, automation, or transformation initiatives
* Strong analytical, written, and verbal communication skills
* Ability to balance technical rigour with commercial judgement in pricing decision making
Benefits
Leave
* 20+5 days of annual leave with option to buy more days
* Fertility leave
* Generous enhanced parental leave
Healthcare
* The Company's Group Salary Continuance Insurance (SCI)/Income Protection (IP) provides you with a continued salary, through monthly Benefit payments, in order to protect your standard of living should you be unable to work due to long term illness, injury or partial/total disability
Wellness
* Subsidized gym membership
* Access to Employee Assistance Program
* Time off for volunteering
* Charitable matching of employee donations
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
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