Pacificlife is looking for an Actuarial Manager to join our Enterprise Valuation team. In this hybrid role based in Toronto, ON, you'll perform quarter-end GAAP calculations for life insurance products, develop insights for stakeholders, and help drive our analytical capabilities forward.
What You'll Do
- Support the GAAP Director in managing quarter-end deliverables through tracking, task delegation, and issue resolution.
- Perform quarterly calculations of GAAP balances for life insurance products (LFPB, DPL, DAC & URR, SOP 03-1, PFBL, PHAB, FAS133 reserves).
- Serve as a subject matter expert on GAAP and how GAAP balances for life insurance products are impacted by changes in economic or business conditions.
- Perform analysis to educate senior management and other stakeholders of GAAP impacts and expectations.
- Foster the development of team members by seeking out opportunities for and providing coaching & training and engaging in regular review & feedback.
- Ensure ongoing compliance of GAAP processes with internal and regulatory governance standards through robust controls and documentation.
- Serve as one of the main points of contact for internal and external audit requests.
- Identify and pursue opportunities to improve GAAP metrics, analytics & insights for life insurance products, including exploring AI applications.
- Develop new solutions for ad-hoc/sensitivity analyses requested from other functional areas like reinsurance, plan, product design/pricing.
- Provide support for industry-wide GAAP working group projects.
- Assist with ad-hoc projects and requests supporting the Valuation area as needed.
What We're Looking For
- Bachelor’s degree in actuarial science, Mathematics, Finance, Economics, Data Science or related field.
- Fellow of the Society of Actuaries (FSA) designation.
- Strong analytical, interpersonal, and communication skills (both verbal and written).
- Effective time management and multi-tasking skills.
Nice to Have
- 6+ years actuarial experience.
- Experience with actuarial modeling systems such as FIS Prophet.
- Experience with actuarial transformation or modernization initiatives.
- Effective and clear communication of results across various stakeholders, including senior management level audiences.
- Familiarity with US GAAP and/or Targeted Improvements requirements.
- Prior valuation experience.
Technical Stack
- FIS Prophet
Team & Environment
You will be part of the Enterprise Valuation team, reporting to the GAAP Director.
Benefits & Compensation
- Compensation range: $143,100.00 - $160,000.00 CAD
- 23 days of annual leave with option to buy or sell more days.
- Fertility leave.
- Generous parental leave.
- Group Life Insurance and Accidental Death & Dismemberment coverage.
- Dental & Optical benefits.
- RRSP: company-matched contributions.
- Employee and Family Assistance Program.
- Subsidized gym membership.
- Time off for volunteering.
- Charitable matching of employee donations.
Work Mode
This role follows a hybrid schedule in Toronto, ON.
Pacificlife has a collaborative and innovative culture pushing to transform the industry. We offer a career with purpose, support, balance, and resources to make a positive impact. We are committed to diversity and inclusion, embracing authenticity, and to employee work-life balance and community involvement.
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.
