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: Diversity and inclusion are at our core; we support your authentic self.
- 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
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 enhance our processes and embrace diversity, ensuring you can thrive in a culture that values your unique contributions.
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 give you an edge.
✨Tip Number 2
Prepare for those tricky questions! Brush up on your knowledge of actuarial modelling and the specific challenges faced in treaty implementations. We want you to show off your expertise and how you can contribute to the team’s transformation journey.
✨Tip Number 3
Show your passion for continuous improvement! Be ready to discuss examples from your past where you’ve challenged processes or introduced new ideas. This role is all about driving change, so let your enthusiasm shine through!
✨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 serious about joining our team at Pacific Life Re.
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 the role.
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 team. Mention specific aspects of the Treaty Implementation Actuary position that resonate with you and showcase your understanding of our transformation journey.
Showcase Your Communication Skills:Since effective communication is key in this role, make sure your application is clear and concise. Use straightforward language and structure your thoughts logically to demonstrate your ability to convey complex information effectively.
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. This way, you can ensure all your documents are submitted correctly and you’ll be kept in the loop about your application status!
How to prepare for a job interview at Pacific Life
✨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 key for the position, so think of specific instances where your initiatives led to better efficiency or quality.
✨Adaptability is Key
The team is undergoing a transformation journey, so it’s important to convey your adaptability to change. Share examples of how you’ve successfully navigated changes in your work environment and how you can contribute to the Unify program.
