Assistant Vice President, Protection Pricing - Toronto - Pacific RE

Description

Job Title

Assistant Vice President, Protection Pricing

Overview

We're a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a mutual insurance group. Fueled by our pursuit of excellence and a quest to innovate, we're proud to do things differently. Our people aren't afraid to disrupt and challenge industry thinking and provide the best protection, savings and retirement reinsurance products and services possible.

The Role

The AVP, Protection, Pricing, North America will play a crucial role in executing Pacific Life Re's protection pricing strategy in North America. Reporting directly to the VP, Protection, Pricing, North America, the incumbent will be responsible for leading key aspects of pricing development, ensuring the delivery of technically sound and commercially competitive solutions. The AVP will oversee experience analyses, pricing pipeline management, and collaboration with internal stakeholders to optimize client solutions and drive business success.

This role will be instrumental in maintaining pricing excellence, embedding superior data sources in all pricing activities, and ensuring the highest standards in risk assessment and financial modelling. Additionally, the AVP will serve as a mentor and leader within the pricing team, supporting talent development and fostering an environment of continuous learning and innovation.

Role Responsibilities

• Pricing Execution & Oversight

  • Lead the development and execution of pricing models, ensuring technical rigor and commercial viability.

  • Oversee the timely and accurate delivery of pricing terms for both new and in-force business, maintaining high standards in experience analyses and pricing papers.

  • Ensure compliance with established pricing frameworks, risk management policies, and documentation standards.

• Strategic Contribution & Market Insight

  • Support the VP in shaping the North American protection pricing strategy by providing analytical insights and actionable recommendations.

  • Maintain a deep understanding of client requirements, regulatory developments, and market trends to inform pricing decisions.

  • Assist in refining pricing bases and methodologies, leveraging superior data sources to enhance pricing precision.

• Stakeholder Collaboration

  • Work closely with key functions within the Protection Line of Business, including Client Solutions, Claims & Underwriting, and R&D, to ensure pricing alignment with business goals.

  • Serve as a conduit for effective communication between Pricing and operational teams such as Finance, Corporate Actuarial, and Operations, ensuring seamless workflow integration.

  • Support the VP and broader leadership team in client engagement, contributing technical expertise in client discussions, published research, and industry presentations.

• Leadership & Talent Development

  • Lead and mentor junior pricing professionals, fostering a strong pipeline of future talent.

  • Champion a collaborative and innovative culture within the Pricing Team, driving engagement, motivation, and professional development.

  • Assist in performance evaluations and succession planning within the Pricing function.

Qualifications & Experience

• Minimum of 10 years' experience in life (re)insurance pricing, with a strong background in North American Protection markets.

• Demonstrated expertise in actuarial pricing techniques, financial modelling, and risk assessment.

• Detailed knowledge of Long-Term Care modelling and assumptions highly desirable.

• Working knowledge of capital and accounting bases relevant to pricing decisions.

• Strong analytical mindset with proven experience in leveraging data sources for enhanced pricing accuracy.

• Excellent communication and stakeholder management skills, capable of influencing and engaging across all levels.

• Leadership experience, including mentoring and developing pricing professionals within a team setting.

• Ability to navigate complex negotiations while maintaining strong client and partner relationships.

• Track record of contributing to strategic initiatives and executing pricing frameworks aligned with broader business objectives.

#LI-JF1

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. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits

• Leave

  • 23 days of annual leave (Regular employees) 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

• Savings & Retirement

  • RRSP: company-matched contributions

• Wellness

  • 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. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Values

Please view our company values