Corporate Actuary
The global Valuation team at Pacific Life Re is responsible for the actuarial valuation of our diverse lines of business and global markets. 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 a new global team.
You will be responsible for producing and validating actuarial model outputs across all accounting bases (US GAAP LDTI, IFRS4, EC, BMA, US STAT). You will work closely with other members of Valuation team to ensure modelling processes are coordinated and carried out effectively for both Financial Reporting and Business Planning processes. The role offers exposure to a wide variety of work, covering all lines of business, regions and legal entities.
You will also have an exciting opportunity to oversee a period of genuine transformation as the benefits from Unify are delivered into the team. You will be part of a high performing team and contribute to the working culture.
The production of actuarial model outputs across all accounting bases (US GAAP LDTI, IFRS4, EC, BMA, US STAT) for Financial Reporting and Business Plan, across multiple legal entities
Handling ad-hoc requests from the other CA teams, such as modelling potential new deal structures or carrying out stress / scenario modelling runs
Ownership of model inputs, outputs and other processes related to statutory accounting bases, e.g. demographic assumptions, IBNR factors
Specifying model requirements and testing new developments
Newly qualified actuary with minimum of 3 years' experience in life insurance or life reinsurance
Experience with actuarial modelling software (Tyche preferred) and proficient with Microsoft Excel
In-depth understanding of the Corporate Actuarial function
Proven focus on quality, ensuring deliverables are accurate and fit for purpose
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. 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 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
~ 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
Savings & Retirement
~Subsidized gym membership
Access to Employee Assistance Program
Cycle to Work and Electric Car Salary Sacrifice Scheme
Time off for volunteering
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. 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.
Actuarial Analyst (Full-time/ Part-time) in London employer: Pacific Life
Pacific Life Re is an exceptional employer that prioritises employee well-being and professional growth, offering a supportive work culture enriched by diversity and inclusion. As a Talent Intelligence & Recruitment Marketing Analyst, you will benefit from comprehensive healthcare coverage, generous leave policies, and opportunities for continuous learning, all while contributing to innovative recruitment strategies in a dynamic environment. Located in a vibrant area, the company fosters collaboration and creativity, ensuring that every team member can thrive and make a meaningful impact.
