Manager, Actuarial Projects

About Us

The Division Business Services Corporate Actuarial (DBS CS) team is responsible for regular actuarial and capital reporting to senior management, Boards and for regulatory submissions. Our function comprises 5 integrated teams: Capital Management & Plan, Actuarial Systems & Projects, Global Valuation, Actuarial Analytics & Insights (Protection & Capital Solutions) and Actuarial Analytics & Insights (Savings and Retirement).

The Opportunity

We are seeking an Actuary to join our Corporate Actuarial team in London on a permanent basis. Reporting to the AVP, Actuarial Projects, this role offers a unique blend of challenging work, exposure to senior management, and excellent career progression opportunities.

Why This Role?

• Variety & Challenge: Engage in diverse projects that require a deep understanding of the life re-insurance market, regulatory and accounting policies, and actuarial models.
• Global Collaboration: Work with teams across the globe, including PL Re colleagues and Pacific Life Enterprise, to drive efficiency and enhancements in back-office processes.
• Leadership & Impact: Lead, support & manage projects, prepare and present material to senior management, and contribute to the strategic direction of our actuarial functions.

Responsibilities

The role will involve working on a variety of projects and initiatives in response to the changing external/regulatory environment and changing priorities of the company. These projects may include, but are not limited to regulatory and accounting changes, actuarial systems design and supporting new company products/initiatives. The successful applicant will be expected to lead and manage the delivery of projects involving CA, acting as a liaison and co-ordinator between CA, Ops, Finance, Pricing and Actuarial Systems teams (as well as other relevant functions) to ensure effective and efficient end-to-end delivery. In particular, responsibilities will include:

• Leading or contributing to actuarial projects throughout a project lifecycle, including agreeing key deliverables, timescales & resourcing requirements.
• Effectively managing stakeholders at various levels across Pacific Life as well as externally (e.g. consultants, auditors, regulators) including senior management, local CA teams and other functional teams across PL Re and wider PL. This is to include regular communication of progress and challenges to a variety of audiences, including escalation to senior management as appropriate.
• Strong technical knowledge of Reporting, including a sound understanding across multiple reporting bases including USGAAP (LDTI), IFRS 17 and other local bases.
• Facilitating the effective and efficient delivery of change, working to identify, communicate and manage the change aspects of a project pertaining to systems (e.g. working closely with AST and Divisional Finance), processes/controls and people. This includes an effective transition to BAU, engaging with the relevant Change focussed individuals (e.g. Project Unify) to ensure alignment to the back-office vision.
• Demonstrate an understanding of end-to-end processes across our back-office.
• Management of workstreams/sub-tasks on Project Unify ensuring all key functions are engaged and working to implement collective improvements in back-office processes & efficiencies.
• Transformational mindset: applicants must be able to demonstrate a transformational mindset to ensure processes are efficient, scalable and future proof.

The role will require close collaboration across Divisional Business Services (Operations, Corporate Actuarial & Finance teams).

What We Are Looking For

• Self-starter with the ability to manage a varied and demanding workload.
• Strong collaboration and influencing skills.
• In-depth understanding of the life insurance industry and Corporate Actuarial function.
• Proven ability to build and maintain relationships with various functions and local teams.
• Experience in designing and implementing processes and standards.
• Actuarial background with strong problem-solving skills.
• Familiarity with actuarial modelling software (Tyche / AXIS) and financial reporting systems is a plus.

Key Skills & Behaviours

• Technical proficiency and awareness of current industry issues.
• Project management experience.
• Commitment to quality, accuracy, and timely delivery of work.
• Initiative, flexibility, and resourcefulness.
• Ability to challenge and improve current work practices.
• Effective communication skills, both verbal and written.
• Team player with a collaborative mindset.
• Adaptability to change and evolving environments.
• Hands-on approach with leadership capabilities.

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 employees’ 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.

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.