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- Tasks: Lead quarterly reporting and manage a dynamic actuarial team in Savings & Retirement.
- Company: Join Pacific Life Re, a global leader in innovative reinsurance solutions.
- Benefits: Enjoy perks like a stakeholder pension, private medical insurance, and subsidised gym membership.
- Why this job: Gain exposure to senior management and develop your skills in a supportive, fun environment.
- Qualifications: Qualified actuary with 5+ years in life insurance; strong analytical and communication skills required.
- Other info: We value diversity and support community involvement through charity events and volunteering.
The predicted salary is between 48000 - 72000 £ per year.
The team sits within Divisional Business Services (DBS) and is responsible for reporting and business plan in respect of Savings and Retirement (S&R) business. The S&R Line of Business delivers Funded and Unfunded reinsurance solutions to global insurance clients, catering for the increasing demand from clients in various jurisdictions for innovative reinsurance support that can transfer both longevity and asset risk.
The team are responsible for the production of quarterly reporting processes across US GAAP, US Statutory (US STAT), Internal Economic Capital (EC) and Bermuda Monetary Authority (BMA) reporting bases, providing analysis on both the asset and liability side of the balance sheets.
We have an exciting opportunity for an individual with a strong actuarial background and relevant experience to join the Corporate Actuarial team as a Manager, focusing on Savings & Retirement (S&R) business. Reporting to the AVP, Corporate Actuarial, DBS, this role offers a challenging variety of work, exposure to senior management and excellent opportunities for progression.
The role requires a good understanding of longevity risk, particularly in respect of reporting and balance sheet impacts, as the successful individual will play a key role in offering insights on the quarterly results to senior management. In addition to strong technical understanding, the role requires strong management skills, with the successful applicant being responsible for managing a team to ensure high quality and timely delivery, whilst actively developing team members to achieve their potential.
As part of this role, you will work with other functions within DBS and work with other Corporate Actuarial teams across Pacific Life. Similarly, you will work closely with the S&R Line of Business team, contributing to PL Re’s success in what is a growing and dynamic marketplace. Strong communication skills, ability to understand new concepts and strong problem-solving skills are therefore required to ensure reporting challenges and opportunities relating to both the inforce book and new initiatives are well understood by relevant stakeholders.
Responsibilities- Manage the quarterly reporting process for US GAAP, BMA, US STAT, Economic Capital
- Support in the attribution and explanation of results
- Support AVP, Corporate Actuarial with development of reporting processes within selected global markets
- Engage with S&R on proposed initiatives, providing feedback and actuarial analysis across all reporting bases
- Manage effective networks and demonstrate excellent communication
- Build relationships with stakeholders in S&R and wider DBS, keeping S&R Corporate Actuarial aware of relevant updates
- Support non-BAU activities and other corporate actuarial projects, as required
- Develop skills and knowledge of team members
Essential
- Qualified actuary with minimum of 5 years’ experience in life insurance or life reinsurance
- Experience of working within an actuarial reporting function
- Strong understanding of actuarial valuation principles and processes, knowledge and experience of actuarial control cycle is a plus
- Proficient in MS-Excel and actuarial software (Tyche preferable, but training will be provided where role holders have experience with alternative software)
- Experience in line management, or able to demonstrable qualities of an effective people manager
- Strong analytical, problem solving and communication skills
- Ability to work on own initiative and pro-actively manage a varied and demanding workload
- Detail-oriented with the ability to work to timelines
- Proven ability to work with other functions, developing and maintaining working relationships with all parties
- Ability to understand and apply new concepts quickly. Shows initiative, flexibility, and resourcefulness
- Embraces change and can work in a fluid environment
Desirable Experience
- Demonstrable knowledge of US GAAP and/or BMA regulations
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 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 (Only for Permanent and Fixed Term Employees)
- Stakeholder Pension Scheme
- Life Assurance
- Subsidised Gym Membership
- Private Medical Insurance
- Season Ticket Loan
- Eye Care
- Employee Assistance Programme
- Group Income Protection
- Wellness Benefits
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.
Manager, Corporate Actuarial, DBS employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager, Corporate Actuarial, DBS
✨Tip Number 1
Familiarise yourself with the latest trends in longevity risk and actuarial reporting. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in Savings & Retirement. Attend industry events or webinars to connect with potential colleagues and gain insights into the company culture at Pacific Life Re.
✨Tip Number 3
Brush up on your communication skills, as this role requires effective stakeholder management. Practice explaining complex actuarial concepts in simple terms to demonstrate your ability to convey information clearly.
✨Tip Number 4
Showcase your leadership qualities by discussing any previous experiences where you managed a team or project. Highlight how you developed team members and ensured high-quality delivery, as this is crucial for the Manager position.
We think you need these skills to ace Manager, Corporate Actuarial, DBS
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your actuarial qualifications and relevant experience in life insurance or reinsurance. Emphasise your understanding of actuarial valuation principles and any management experience you have.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that demonstrate your problem-solving skills and ability to manage teams effectively, as these are crucial for the position.
Highlight Relevant Skills: Clearly outline your proficiency in MS-Excel and any actuarial software you have used. If you have experience with Tyche or similar tools, make sure to mention it, as this will strengthen your application.
Showcase Communication Abilities: Since strong communication skills are essential for this role, provide examples in your application of how you've successfully managed stakeholder relationships or communicated complex information to non-actuarial audiences.
How to prepare for a job interview at Pacific Life Re
✨Showcase Your Actuarial Expertise
Make sure to highlight your strong actuarial background and relevant experience during the interview. Be prepared to discuss specific projects or challenges you've faced in actuarial reporting, particularly in relation to longevity risk and balance sheet impacts.
✨Demonstrate Management Skills
Since this role involves managing a team, it's crucial to showcase your leadership abilities. Share examples of how you've successfully developed team members and ensured high-quality delivery in previous roles.
✨Communicate Effectively
Strong communication skills are essential for this position. Practice articulating complex actuarial concepts in a clear and concise manner, as you'll need to explain results to senior management and collaborate with various stakeholders.
✨Prepare for Technical Questions
Expect technical questions related to US GAAP, BMA regulations, and actuarial valuation principles. Brush up on these topics and be ready to discuss how you've applied them in your past work experiences.
