Job Description

Job Title

Manager, Corporate Actuarial (12-month Contract)

The Actuarial Manager will be responsible for providing oversight and guidance, overseeing project progress and delivery, and ensuring accuracy and compliance of outputs across all statutory accounting bases (US GAAP LDTI, IFRS17, IFRS4). You will work closely with other members of Valuation team to ensure modelling processes are coordinated and carried out effectively for both Financial Reporting and Business Planning processes. The role offers exposure to a wide variety of work, covering all lines of business, regions and legal entities.

You will have an exciting opportunity to participate in a period of genuine transformation as the benefits from a back-office transformation project are delivered into the team. You will act as an advocate for change and foster a culture of continuous improvement around modelling processes.

Collaboration with other teams will be crucial, as you'll be responsible for preparing modelling insights to a wide range of stakeholders across CA teams. You will contribute expertise and capabilities within the team to ensure that we can respond to the increasingly complex needs of a growing global reinsurer, such as conducting sensitivities and scenarios or modelling new non-proportional retrocession arrangements.

Role Responsibilities

• Interpret, analyze and summarize actuarial model outputs across all statutory accounting bases (US GAAP LDTI, IFRS17, IFRS4) for Financial Reporting and Business Plan, across multiple legal entities.
• Interpret, analyze and summarize insights from the other CA teams, such as modelling potential new deal structures or carrying out stress / scenario modelling runs.
• Produce controls and validation reports to ensure the completeness and accuracy of modelled results
• Develop and maintain a close working relationship with other CA teams, facilitating model run requests, technical queries and model developments.
• Manage model inputs, outputs and other processes related to statutory accounting bases, e.g. demographic assumptions, IBNR factors.
• Contribute to the continuous improvement mindset for modelling processes, including testing and implementation of related deliverables from the back-office transformation program.
• Specifying model requirements and testing new developments
• Assisting with model updates and runs on other bases as required

Skills & Experience

• Qualified actuary with minimum of 5 years’ experience in life insurance or life reinsurance
• Team management / coaching experience, with ability to manage across multiple locations and time zones preferred
• Track record of challenging / improving processes and fostering a culture of continuous improvement
• Experience with actuarial modelling software (AXIS or Tyche preferred) and proficient with Microsoft Excel
• Experience overseeing change and the introduction of new processes, controls and systems
• In-depth understanding of the Corporate Actuarial function
• Good knowledge of IFRS17 and/or US GAAP LDTI, including first-hand experience of associated modelling complexities

Compensation Range

The compensation range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location.

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 click here to view our company values

Use of AI

As part of our commitment to a fair and efficient hiring experience, we want to inform you that we may use artificial intelligence (AI) tools to assist in reviewing resumes, and during the assessment process, including through platforms like HireVue. These tools help us identify relevant qualifications and streamline evaluations, but final decisions are always made by our hiring team.