Senior Actuary - Valuation and Projection
Job Description
Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
We’re actively seeking a talented Valuation Actuary to join our Enterprise Valuation team. The Enterprise Valuation team is responsible for all aspects of valuation and projection work across life insurance, annuities, and institutional products. This role will be based out of Toronto, Canada, and will be hybrid, eventually requiring 4 days a week in office.
Note: Actual title will reflect the chosen candidate's experience and exam progress. Candidates who meet most but not all requirements are encouraged to apply.
How you will make an impact:
Direct the timely preparation of quarterly reserve reporting and the annual statement pages, exhibits and supplements in accordance with regulatory requirements.
Direct and perform Asset Adequacy Analysis, and Economic Value/Economic capital reporting.
Develop and recommend strategies to address issues and improve performance related to the quarterly and annual valuation and/or projection tasks.
Provide support for audit requests (e.g. Department of Insurance) and interface with auditors, state regulators and examiners.
Lead valuation and projection enhancements and modifications to build and automate end-to-end processes.
Communicate and present results to management with clarity and appropriate depth.
Develop junior actuarial professionals by providing insight, guidance, and oversight.
Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.
The experience you will bring:
Bachelor’s in actuarial science, finance, mathematics, or related field, or equivalent work experience.
FSA or FCIA with 6+ years of actuarial experience.
Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
Demonstrated leadership, organizational, and interpersonal skills.
What will make you stand out:
Experience with valuation and/or projection processes.
Proven experience with actuarial modeling software, Prophet is an asset.
Highly organized and delivery-focused.
Excellent written/verbal communication skills with the ability to present complex information in a clear and concise manner to various audiences, including senior management.
Excellent analytical, problem-solving, and decision-making skills.
Canadian benefits in our Toronto office start Day 1 and include:
Competitive salaries
Work-life balance
Collaborative and inclusive culture
Social activities and events
Formal and informal mentoring
Learning and development options
Corporate Social Responsibility initiatives
Lots of fun clubs to join!
#LI-JF1
-Works independently, receives minimal guidance.
-Acts as a resource for colleagues with less experience.
-May lead functional teams or projects.
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.
• Competitive salaries
• Work-life balance
• Collaborative and inclusive culture
• Social activities and events
• Formal and informal mentoring
• Learning and development options
• Corporate Social Responsibility initiatives
• Lots of fun clubs to join!
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
