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- Tasks: Lead the Valuation Team in delivering efficient actuarial processes and managing quarterly reporting.
- Company: Pacific Life Re is a global leader in digital transformation within the insurance and reinsurance industry.
- Benefits: Enjoy perks like remote work, gym memberships, life assurance, and wellness initiatives.
- Why this job: Join a dynamic team driving innovation and efficiency while enjoying a supportive and fun work culture.
- Qualifications: 5+ years in project management with experience in financial reporting and actuarial environments.
- Other info: We value diversity and support community involvement through charity events and volunteering opportunities.
The predicted salary is between 48000 - 84000 £ per year.
The Team
Pacific Life Re has completed the planning and mobilisation of Unify, a large-scale global digital transformation programme focused on modernising our back office. Now in execution mode through to 2027, the programme marks the start of an exciting delivery phase for Corporate Actuarial—driving the shift towards more automated and efficient processes. As part of this transformation, we have established a brand-new global Valuation Team to help realise these goals. The newly formed global Valuation team at Pacific Life Re is responsible for the actuarial valuation of our diverse lines of business and global markets. The team will run and validate our integrated Tyche actuarial models to deliver insights across PL Re. They will support our long-term growth by implementing new business, continuously improving processes and specifying and testing future model changes, working closely with our Actuarial Systems Team who develop and maintain the models. The team will be a key part of PL Re’s Divisional Business Services, interacting with Corporate Actuarial, Operations, Finance, R&D, and Pricing teams. The Delivery Lead will play a critical role in supporting this new team.
About you
As the Delivery Lead in the Valuation Team, you are passionate about delivering more efficient processes and navigating complex landscapes to meet the needs of our business. You bring strong knowledge and experience in Financial Reporting processes, particularly within the insurance or reinsurance industry. This includes managing the challenges of global working day timetables and delivering to regulatory reporting standards such as IFRS 17 and Solvency II. Ideally, you will also have experience working in a Corporate Actuarial environment. You have a proven ability to work with a wide range of stakeholders to develop and implement robust activity plans. Strong project management and communication skills, along with the ability to manage senior business stakeholders, are essential. You also have a track record of identifying and delivering continuous improvements to enhance both processes and controls.
You will establish and embed a process that enables wider Corporate Actuarial stakeholders to raise and track modelling requests into the Valuation team, leveraging an appropriate technology solution such as Jira. Once established, you will use this process to plan and deliver these requests across a range of global stakeholders. In addition, you will help plan, manage, and improve the quarterly valuation activities for a global team—supporting key reporting milestones while identifying pain points and future enhancements to streamline, accelerate, and automate processes. This is a delivery-focused role, working to tight deadlines and collaborating closely with the Actuaries within the Valuation team and Project Managers on a broader Transformation programme to deliver change, drive improvements, and establish ways of working for a new global team.
Role Responsibilities
- Manage the delivery of the Valuation team’s quarterly reporting cycle and ad-hoc modelling requests, applying strong project management skills.
- Establish, embed and own a process for Corporate Actuarial stakeholders to raise and track modelling requests into the Valuation team.
- Monitor the performance of processes within the Valuation team and identify opportunities for future efficiencies.
- Coordinate resources across global Corporate Actuarial, Operations and Finance Business Services teams to plan and drive detailed daily activities, including the identification, tracking, and resolution of issues.
- Develop strong relationships with teams across our global business to drive results and foster collaboration.
- Partner with project sponsors and stakeholders to define priorities, timelines, milestones, deadlines, RAID logs, resource plans, and deliverable schedules.
- Build strong links with strategic programmes of work, ensuring alignment and ongoing assessment of results, processes, and controls.
- Facilitate continuous improvement across the team through the application of process excellence disciplines.
- Align, manage, and navigate external dependencies and key stakeholders outside the Valuation team.
- Apply design thinking techniques and lean development principles to help architect innovative solutions to a wide range of business challenges.
Skills & Experience
- Minimum of 5 years’ experience in project management or a similar delivery role within the insurance / reinsurance industry.
- Proven experience of working within a Financial Reporting / Actuarial environment, including an understanding of key business processes.
- Demonstrable record of delivery within medium to large organisations.
- Strong understanding of project management delivery frameworks (i.e. Waterfall, Agile).
- A strong focus on service and prior experience of driving improvements in service delivery.
- Numerate & financially literate, ideally with a bachelor’s degree in project management or related qualifications such as PMP.
- Strong senior stakeholder management skills.
- Experience managing project teams effectively and people management where applicable.
- Proficient in technology problem solving, developing business cases, and succinctly communicating these to relevant stakeholders.
- Strong awareness of new and emergent technology trends and emerging best practices and standards.
- Familiarity with Jira and Confluence would be beneficial.
Company Values & Behaviours
The culture of our business is important to us. At Pacific Life Re you will be expected to model our company values and behaviours on a day-to-day basis.
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.
Delivery Lead, Corporate Actuarial, Valuation employer: Pacific Life Re
Contact Detail:
Pacific Life Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delivery Lead, Corporate Actuarial, Valuation
✨Tip Number 1
Familiarise yourself with the key financial reporting standards mentioned in the job description, such as IFRS 17 and Solvency II. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors, particularly those who have experience in Corporate Actuarial environments. Engaging with industry peers can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Showcase your project management skills by discussing specific examples of how you've successfully managed complex projects in the past. Highlight your ability to work under tight deadlines and coordinate with multiple stakeholders.
✨Tip Number 4
If you're familiar with tools like Jira and Confluence, be sure to mention this in conversations or interviews. If not, consider taking a quick online course to get up to speed, as familiarity with these tools is beneficial for the role.
We think you need these skills to ace Delivery Lead, Corporate Actuarial, Valuation
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in project management and financial reporting, particularly within the insurance or reinsurance industry. Use specific examples that demonstrate your ability to manage complex projects and stakeholder relationships.
Craft a Compelling Cover Letter: In your cover letter, express your passion for delivering efficient processes and your understanding of the challenges faced in a Corporate Actuarial environment. Mention your familiarity with regulatory standards like IFRS 17 and Solvency II, and how you can contribute to the Valuation Team's goals.
Showcase Your Project Management Skills: Highlight your project management experience by detailing specific frameworks you have used, such as Agile or Waterfall. Provide examples of how you've successfully delivered projects on time and improved service delivery in previous roles.
Demonstrate Continuous Improvement Mindset: Include examples of how you've identified and implemented process improvements in past positions. This could involve discussing your experience with tools like Jira and Confluence, and how you've leveraged technology to enhance efficiency.
How to prepare for a job interview at Pacific Life Re
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the key responsibilities of the Delivery Lead position. Familiarise yourself with the quarterly reporting cycle, stakeholder management, and how to establish processes for modelling requests. This will help you articulate how your experience aligns with their needs.
✨Showcase Your Project Management Skills
Be prepared to discuss your project management experience in detail. Highlight specific frameworks you've used, such as Agile or Waterfall, and provide examples of how you've successfully managed projects in the insurance or reinsurance industry.
✨Demonstrate Stakeholder Management Experience
Since strong senior stakeholder management skills are essential for this role, come ready with examples of how you've built relationships and collaborated with various teams. Discuss any challenges you faced and how you overcame them to drive results.
✨Emphasise Continuous Improvement Mindset
Pacific Life Re values continuous improvement, so be prepared to share instances where you've identified inefficiencies and implemented solutions. Discuss your familiarity with process excellence disciplines and how you've applied them in previous roles.
