Job Title

Job Description

The Team

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 global 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 in the midst 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.

The Role

As Senior Analyst, you will support production, validation and analysis of actuarial model outputs across all relevant reporting bases (including EEC, BMA EBS, USGAAP LDTI, IFRS17, MAS, KICS). 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 contribute to a period of genuine transformation as the benefits from Unify are delivered into the team. You will act as an advocate for change and foster a culture of continuous improvement around modelling processes.

Collaboration with other teams will be crucial, as you'll be responsible for delivering modelling insights to a wide range of stakeholders across CA teams. You'll gain exposure and capabilities within the team to ensure that we can respond to the increasingly complex needs of a growing global reinsurer, such as conducting sensitivities and scenarios or modelling new non-proportional retrocession arrangements.

The role is part of a large, global sub-team, and so you will have the opportunity to gain substantial experience in global team collaborations. You will work with other members of CA both locally and globally, ensure effective communication within the sub-team and with others. You will be part of a high performing team and contribute to the working culture.

Role Responsibilities

• Support the production of actuarial model outputs across various reporting bases (including EEC, BMA EBS, USGAAP LDTI, IFRS17, MAS, KICS) for Financial Reporting and Business Plan, across multiple legal entities
• Assist in ad-hoc modelling requests from various CA teams, such as modelling potential new Retrocession structures or carrying out stress / scenario modelling runs.
• Performing controls and validations to ensure the completeness and accuracy of modelled results
• Developing and maintaining a close working relationship with other members of Valuation Team, as well as other CA teams
• Document controls for model inputs, outputs and other processes related to Financial Reporting and Business Plan
• Continuous improvement of modelling processes, including supporting related deliverables from the Unify program
• Specifying model requirements and testing new developments
• Assisting with model updates and runs on other bases as required

Skills & Experience

• Part 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
• Experience of challenging / improving processes and contributing to continuous improvement
• Experience overseeing change and the introduction of new processes, controls and systems
• Good understanding of the Corporate Actuarial function
• Good understanding of reporting bases (for example EEC, BMA EBS, USGAAP LDTI, IFRS17, MAS, KICS)

Competencies and Behaviours:

• Ability to work independently and manage a varied and demanding workload
• Clear and effective communication skills, both verbal and written
• Strong attention to detail, with a focus on delivering accurate, high-quality outputs
• Ability to collaborate effectively with colleagues across teams
• Ability to learn and apply new concepts quickly, showing initiative, flexibility, and resourcefulness
• Adaptability to change and evolving environments
• Pragmatic mindset, able to balance accuracy with effort
• Willingness to question existing approaches and contribute ideas for improvement

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

Leave

• 23 days of annual leave with option to buy/sell more days

• Adoption and fertility leave

• Generous enhanced parental leave

Healthcare

• Comprehensive private insurance coverage for employee and dependents

• Group Term Life Insurance coverage of 5x basic annual salary, Group Accelerated CI of 1x annual basic salary and Group Accidental Death & Dismemberment of 3x annual basic salary

• Optical & Dental benefits

• Additional flexi benefits

Wellness

• Access to Employee Assistance Program

• 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

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