At a Glance
- Tasks: Join our global Valuation team to produce and validate actuarial model outputs.
- Company: Pacific Life Re is a leading global life reinsurer, part of the Pacific Life mutual insurance group.
- Benefits: Enjoy perks like remote work options, wellness benefits, and a supportive team culture.
- Why this job: Be part of an exciting transformation journey with opportunities for growth and collaboration.
- Qualifications: Newly qualified actuary with 3+ years in life insurance or reinsurance and strong modelling skills.
- Other info: We value diversity and support community involvement through charity events and volunteering.
The predicted salary is between 42000 - 84000 Β£ per year.
Job Title
Corporate Actuary
Job Description
THE ROLE
The Capital Management and Reporting Team (CMR) is seeking an ambitious, high-performing nearly/newly qualified actuary with a strong track record of delivering in dynamic, fast-paced corporate actuarial environments. This is a unique opportunity to work at the heart of a global life reinsurer, shaping insight and strategy across multiple domains β capital management, business planning, reporting and forecasting β while collaborating with colleagues across functions, time zones, and geographies.
Youβll partner with actuaries, accountants, risk managers, and treasury professionals to deliver insights that matter. Your work will span our three core businesses (Savings & Retirement; Protection; Capital Solutions) and will directly influence senior management decisions.
- Capital Management: Apply deep technical and commercial acumen to assess risks and constraints, identifying innovative solutions to optimise capital and liquidity positions.
- Business Planning: Develop robust multi-year capital plans across multiple balance sheets, providing senior stakeholders with high-quality analysis to guide effective business management and strategic decision-making.
- Reporting: Analyse and interpret the key drivers of economic and regulatory balance sheets, transforming complex data into clear, actionable narratives for senior leadership.
This role is designed for someone who thrives on intellectual challenge, collaboration, and delivering insights that drive real business outcomes.
Essential Qualifications
- Nearly/newly qualified actuary (Institute & Faculty of Actuaries or equivalent).
Essential Experience
- Strong technical and analytical capabilities with a deep understanding of a life (re)insurersβ balance sheet.
- Proven communication and stakeholder engagement skills β confident in distilling complex information for diverse audiences.
- Excellent time management skills with the ability to deliver under pressure.
- Experience collaborating across disciplines, functions, and geographies.
- Ability to identify and escalate critical issues promptly, ensuring they receive appropriate attention.
- Ability to focus on quality, accuracy, and delivering outputs that are insightful, reliable, and fit for purpose.
Desirable Experience
- Prior experience in business planning, capital management, or ALM.
- Exposure to group or central actuarial functions.
- Experience across multiple reporting/capital frameworks: SII, Economic Capital, BMA EBS, US GAAP, LDTI, IFRS 17
KEY BEHAVIOURS
- A self-starter with a proactive, results-driven mindset; able to take ownership and deliver high-quality outputs with minimal oversight.
- Precision and attention to detail, coupled with a growth mindset β learns from mistakes and implements improvements.
- Sound actuarial judgement, with the confidence to make decisions in situations of limited information.
- Strong commercial acumen, with awareness of emerging issues in actuarial practice and the global life (re)insurance landscape.
- A critical thinker who challenges existing processes and seeks smarter, more efficient, and innovative solutions.
- Flexible, resourceful, and resilient under pressure β able to juggle competing priorities while meeting demanding deadlines.
- Engaged, articulate, and impactful in meetings β able to influence and add value.
- A collaborative team player who contributes openly, shares expertise, and strengthens collective performance.
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\βs 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\βs involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits (Only For Permanent And Fixed Term Employees)
Leave
- 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
Healthcare
- Comprehensive private insurance coverage for employee and dependents
- Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary
- Optical benefits
Savings & Retirement
- 15% combined employee/employer contributions
Wellness
- Subsidized gym membership
- Access to Employee Assistance Program
- Cycle to Work and Electric Car Salary Sacrifice Scheme
- 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
Corporate Actuary employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Corporate Actuary
β¨Tip Number 1
Familiarise yourself with the specific actuarial modelling software mentioned in the job description, particularly Tyche. Having hands-on experience or even completing relevant online courses can give you a significant edge during interviews.
β¨Tip Number 2
Network with current or former employees of Pacific Life Re on platforms like LinkedIn. Engaging in conversations about their experiences can provide valuable insights into the company culture and expectations, which you can leverage during your application process.
β¨Tip Number 3
Stay updated on the latest trends and changes in capital regimes relevant to the role, such as EEC, BMA EBS, and others. Demonstrating your knowledge of these areas during discussions can showcase your commitment and expertise.
β¨Tip Number 4
Prepare to discuss examples of how you've contributed to continuous improvement in previous roles. Highlighting your proactive approach to enhancing processes will resonate well with the teamβs focus on transformation and efficiency.
We think you need these skills to ace Corporate Actuary
Some tips for your application π«‘
Tailor Your CV: Make sure your CV highlights your experience as a newly qualified actuary with at least 3 years in life insurance or reinsurance. Emphasise your familiarity with actuarial modelling software, particularly Tyche, and your proficiency in Microsoft Excel.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities outlined in the job description, particularly your experience in continuous improvement and change management.
Showcase Relevant Experience: When detailing your work experience, focus on specific projects where you handled regulatory capital bases or improved modelling processes. Use quantifiable achievements to demonstrate your impact in previous roles.
Highlight Soft Skills: The role requires effective communication and collaboration across teams. Make sure to mention instances where you've successfully worked with others, adapted to change, or challenged the status quo to improve processes.
How to prepare for a job interview at Pacific Life Re
β¨Understand the Actuarial Landscape
Make sure you have a solid grasp of the various capital regimes mentioned in the job description, such as EEC, BMA EBS, and others. Being able to discuss these frameworks confidently will demonstrate your expertise and readiness for the role.
β¨Showcase Your Modelling Skills
Be prepared to discuss your experience with actuarial modelling software, particularly Tyche. Highlight specific projects where you've successfully produced or validated model outputs, as this will be crucial for the role.
β¨Emphasise Continuous Improvement
The company values innovation and efficiency, so come ready to share examples of how you've challenged existing processes or contributed to improvements in your previous roles. This will show that you're aligned with their culture of transformation.
β¨Demonstrate Effective Communication
Since collaboration with various teams is key, practice articulating your thoughts clearly and concisely. Be ready to discuss how you've built relationships across functions and how you can contribute to effective communication within the global team.