At a Glance
- Tasks: Implement new treaties and improve actuarial processes in a dynamic team.
- Company: Join Pacific Life Re, a leader in global actuarial valuation.
- Benefits: Enjoy 25 days leave, comprehensive healthcare, and wellness perks.
- Other info: Diverse and inclusive culture that supports your growth.
- Why this job: Be part of a transformative journey in a collaborative environment.
- Qualifications: Qualified actuary with 3+ years in life insurance or reinsurance.
The predicted salary is between 55000 - 65000 € per year.
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 runs and validates our integrated Tyche models to deliver insights across PL Re. They 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 going through a significant transformation journey, driven by project Unify, towards more automated and efficient processes, making this an exciting time to join a new global team.
You will be responsible for the execution of a range of new treaty implementations and staying abreast of new business developments to ensure that our modelling approaches and processes keep pace with our growing business. Specifically, you will help drive our initiative to clear the backlog of historical unimplemented treaties. You will also support embedding changes delivered through the Unify program. This cross‑functional role requires collaboration with a wide variety of stakeholders, including our Operations and Line of Business front‑office teams across all lines of business and regions, as well as the wider CA function. In addition, you will help support a positive working culture and a high‑performing team.
Role Responsibilities
- Implementation of new treaties, including helping drive our initiative to clear the backlog of historical unimplemented treaties
- Helping embed and improve the global control framework for implementations
- Acting as a point of contact with our Operations teams regarding the provision of valuation extracts
- Acting as a point of contact with our Pricing teams regarding the handover of information for new treaty implementations
- Helping to drive continuous improvement of implementation processes, including embedding related deliverables from the Unify program
- Specifying model requirements and testing new developments related to new treaty implementations
- Supporting the implementation and continuous review of our cross‑functional Tiering framework
Skills & Experience
- Qualified actuary with a minimum of 3 years’ experience in life insurance or life reinsurance
- Track record of challenging/improving processes and fostering a culture of continuous improvement
- Experience with actuarial modelling software (Tyche preferable) and proficiency with Microsoft Excel
- Experience supporting change and the introduction of new processes, controls and systems
- Solid understanding of the Corporate Actuarial function
- Experience/understanding across multiple regions, reporting bases and Lines of Business desirable but not essential
- Experience/understanding of Pricing and/or Operations processes desirable but not essential
Competencies and Behaviours
- Ability to work on own initiative and proactively manage a varied and demanding workload, ensuring tasks are completed efficiently
- Effective communication skills, both verbal and written
- Proven focus on quality, ensuring deliverables are accurate and fit for purpose
- Proven ability to work with other functions, developing and maintaining working relationships
- Ability to understand and apply new concepts quickly, showing initiative, flexibility, and resourcefulness
- Adaptability to change and evolving environments
- Pragmatic, able to balance accuracy with effort
- Willingness to challenge the status quo
Benefits
- 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 9× 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
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.
Treaty Implementation Actuary, Corporate Actuarial, Valuation – FTC (18 months) employer: Pacific Life Re
At Pacific Life Re, we pride ourselves on being an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation. Our commitment to employee growth is evident through comprehensive benefits, including generous leave policies, extensive healthcare coverage, and wellness initiatives, all designed to support your well-being and professional development. Join us during this transformative period as we implement cutting-edge processes and embrace diversity, ensuring you can thrive in your role as a Treaty Implementation Actuary.
StudySmarter Expert Advice🤫
We think this is how you could land Treaty Implementation Actuary, Corporate Actuarial, Valuation – FTC (18 months)
✨Tip Number 1
Network like a pro! Reach out to current employees at Pacific Life Re on LinkedIn. Ask them about their experiences and any tips they might have for the interview process. It’s all about making connections that can help us stand out!
✨Tip Number 2
Prepare for those tricky interview questions! Brush up on your knowledge of actuarial modelling and be ready to discuss how you’ve improved processes in the past. We want to show them we’re not just qualified, but also proactive problem solvers.
✨Tip Number 3
Show off your teamwork skills! Since this role involves collaboration with various teams, think of examples where you’ve successfully worked with others. We need to demonstrate that we can thrive in a cross-functional environment.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can go a long way. It shows our enthusiasm for the role and keeps us fresh in their minds. Plus, it’s a great chance to reiterate why we’re the perfect fit!
We think you need these skills to ace Treaty Implementation Actuary, Corporate Actuarial, Valuation – FTC (18 months)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your actuarial experience, especially in life insurance or reinsurance, and any relevant projects you've worked on that align with our needs.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're excited about this role and how you can contribute to our transformation journey. Be specific about your experience with treaty implementations and continuous improvement processes.
Showcase Your Communication Skills:Since this role involves collaboration with various teams, demonstrate your effective communication skills in your application. Use clear and concise language, and provide examples of how you've successfully worked with different stakeholders in the past.
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. This way, we can ensure your application is reviewed promptly and you get the best chance to shine!
How to prepare for a job interview at Pacific Life Re
✨Know Your Models
Make sure you’re familiar with the Tyche models and how they apply to treaty implementations. Brush up on your actuarial modelling software skills, as this will be crucial in demonstrating your technical expertise during the interview.
✨Showcase Your Collaboration Skills
Since this role involves working closely with various teams like Operations and Pricing, prepare examples of past experiences where you successfully collaborated across functions. Highlight your ability to communicate effectively and build relationships.
✨Emphasise Continuous Improvement
Be ready to discuss how you've challenged and improved processes in previous roles. This is a key aspect of the job, so think of specific instances where you’ve driven change or contributed to a culture of continuous improvement.
✨Adaptability is Key
The team is undergoing significant transformation, so it’s important to demonstrate your adaptability. Share examples of how you’ve successfully navigated change in the past and your willingness to embrace new processes and systems.
