At a Glance
- Tasks: Join our Global Valuation Team to enhance actuarial models and deliver impactful insights.
- Company: Pacific Life Re, a dynamic company focused on innovation and collaboration.
- Benefits: Enjoy 25 days annual leave, healthcare, wellness initiatives, and a supportive work-life balance.
- Other info: Diverse and inclusive culture with opportunities for community involvement and personal growth.
- Why this job: Be part of an exciting transformation journey in actuarial modelling with real-world impact.
- Qualifications: Qualified or nearly qualified actuary with experience in life insurance and strong analytical skills.
The predicted salary is between 50000 - 70000 € per year.
The Team
The 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 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 CA teams, Operations, Finance, R&D, and Pricing.
Our actuarial models are vital to the way we run our business, and the Valuation team will provide crucial insights across Financial Reporting, Business Planning and other processes. The team is at the start of an exciting transformation journey, driven by project Unify, towards more automated and efficient processes, making this an exciting time to join the team.
The Role
This role provides an opportunity to play a key role in the effective operation and governance of the actuarial modelling framework within the Valuation team. You will apply strong technical expertise to support the maintenance, testing and improvement of our modelling framework, helping to ensure that models remain robust, compliant and aligned with business needs.
You will work closely with the wider Corporate Actuarial (CA) teams and the Actuarial Systems Team (AST) to ensure that valuation models are implemented, maintained and operated in a consistent and controlled manner. The role focuses on the structure, integrity and usability of the modelling system, including model inputs, outputs, hierarchies and change management processes.
A key responsibility will be supporting the translation of business and actuarial requirements into clear model specifications, ensuring that model developments are implemented in a structured and controlled way and aligned to long-term vision & principles for the Global Actuarial Models. You will also play an important role in testing model releases and validating that model behaviour aligns with expected outcomes.
The role will contribute to the ongoing design and development of a robust modelling framework by improving model capabilities, strengthening model controls and enhancing the consistency of model usage across the team. This is a highly collaborative role working with global teams to support both regular valuation activities and wider modelling initiatives.
Role Responsibilities
- Work closely with AST to support effective operation and development of the Tyche modelling platform
- Lead the definition and documentation of model requirements arising from valuation and business needs
- Support the implementation of new business and model enhancements within the modelling framework
- Support the structured delivery of model changes through design and execution of User Acceptance Testing (UAT)
- Maintain clear documentation covering model structure, controls, assumptions, inputs and outputs
- Support the development and maintenance of baselining processes to monitor model behaviour across releases
- Assist in implementing and maintaining model governance processes, including version control and change tracking
- Contribute to improving the efficiency, robustness and scalability of modelling processes
- Providing technical support and training to team members and stakeholders
- Supporting project-based and other modelling activities as required
Skills & Experience
- Qualified or nearly qualified actuary with 3–6 years’ experience in life insurance or life reinsurance
- Strong experience working with actuarial modelling systems (Tyche experience highly desirable) and proficient with Microsoft Excel
- Systems-oriented mindset, with interest in how actuarial models are structured, governed and operated
- Experience working with model inputs, outputs and data hierarchies within actuarial modelling frameworks
- Track record of challenging and improving processes and contributing to a culture of continuous improvement
- Strong analytical and problem-solving capabilities with high attention to detail
- Ability to translate business requirements into clear model specifications
- Experience drafting business requirements, supporting model testing, or model change delivery desirable
Competencies and Behaviours:
- Ability to work on own initiative and proactively manage a varied and demanding workload
- Systems thinker with a strong interest in modelling frameworks and infrastructure
- Effective communication skills, both verbal and written
- Highly organised with strong attention to detail
- Ability to work independently while coordinating with multiple teams and maintaining working relationships
- Adaptability to changing priorities and evolving environments
- Willingness to challenge the status quo and identify opportunities for improvement
- Ability to understand and apply new concepts quickly, demonstrating flexibility and resourcefulness
- Proven focus on quality, ensuring deliverables are accurate and fit for purpose
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)
- 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
- 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
- 15% combined employee/employer contributions
- 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
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. 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
Actuary, Valuation in London employer: Pacific Life Re
At Pacific Life Re, we pride ourselves on being an exceptional employer that values the unique contributions of each team member. Our collaborative work culture fosters continuous improvement and innovation, particularly within our Global Valuation Team, where you will play a pivotal role in shaping our actuarial modelling framework. With a strong commitment to employee well-being, professional growth opportunities, and a diverse and inclusive environment, we ensure that our employees not only thrive in their careers but also enjoy a healthy work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary, Valuation in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Pacific Life Re on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Since this role involves actuarial modelling, make sure you can discuss Tyche and other relevant systems confidently. Practice explaining complex concepts in simple terms!
✨Tip Number 3
Show your passion for continuous improvement! Be ready to share examples of how you've challenged processes in the past. This will resonate well with the team’s focus on enhancing efficiency and scalability.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Pacific Life Re.
We think you need these skills to ace Actuary, Valuation in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Actuary, Valuation role. Highlight your experience with actuarial modelling systems and any relevant projects you've worked on. We want to see how your skills align with our needs!
Showcase Your Technical Skills:Don’t hold back on showcasing your technical expertise! Mention your experience with Tyche models and your proficiency in Microsoft Excel. We’re looking for someone who can hit the ground running, so let us know what you bring to the table.
Be Clear and Concise:When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate a well-structured application that highlights your key achievements and experiences.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, you’ll find all the details about the role and our company culture there!
How to prepare for a job interview at Pacific Life Re
✨Know Your Models
Before the interview, make sure you have a solid understanding of actuarial modelling systems, especially Tyche. Brush up on how these models work and be ready to discuss your experience with them. This will show that you're not just familiar with the theory but can also apply it practically.
✨Prepare for Technical Questions
Expect technical questions related to model specifications, testing, and governance processes. Review common scenarios where you had to translate business requirements into model changes. Being able to articulate your thought process will demonstrate your analytical skills and problem-solving capabilities.
✨Show Your Collaborative Spirit
This role involves working closely with various teams, so be prepared to discuss examples of successful collaboration. Think of times when you worked with different departments to achieve a common goal, and highlight your communication skills and ability to adapt to changing priorities.
✨Emphasise Continuous Improvement
Pacific Life Re values a culture of continuous improvement. Be ready to share instances where you challenged the status quo or improved processes in your previous roles. This will showcase your proactive mindset and commitment to enhancing efficiency within the team.
