Pacificlife is seeking a Corporate Actuary, Valuation to join our team. You will be responsible for producing and validating actuarial model outputs across statutory accounting bases (US GAAP LDTI, IFRS4) for Financial Reporting and Business Planning, with a focus on the Savings and Retirement business. This role is central to overseeing process transformation and fostering a culture of continuous improvement.
What You'll Do
- Produce S&R actuarial model outputs across all statutory accounting bases (US GAAP LDTI, IFRS4) for Financial Reporting and Business Plan, across multiple legal entities.
- Handle ad-hoc requests from other CA teams, such as modelling potential new deal structures or carrying out stress/scenario modelling runs.
- Perform controls and validations to ensure the completeness and accuracy of modelled results.
- Develop and maintain a close working relationship with other members of the global Valuation team and the S&R Actuarial Analytics & Insights team.
- Own model inputs, outputs, and other processes related to statutory accounting bases, e.g., demographic assumptions, IBNR factors.
- Continuously improve modelling processes, including oversight of related deliverables from the Unify program.
- Specify model requirements and test new developments.
- Assist with model updates and runs on other bases as required.
What We're Looking For
- A newly qualified actuary with experience in life insurance or life reinsurance.
- Experience working with longevity swaps and/or funded S&R asset risk transfers.
- Experience with actuarial modelling software (Tyche preferred) and proficiency with Microsoft Excel.
- Experience of challenging/improving processes and contributing to continuous improvement.
- Experience with the introduction of new processes, controls, and systems.
- In-depth understanding of the Corporate Actuarial function.
- Good knowledge of IFRS17 and/or US GAAP LDTI, including first-hand experience of associated modelling complexities.
Technical Stack
- Tyche
- Microsoft Excel
Team & Environment
You will be part of a large, global sub-team within PL Re’s Divisional Business Services. You will interact closely with other CA teams, Operations, Finance, R&D, and Pricing.
Benefits & Compensation
- 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.
- 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.
Work Mode
This role operates within a global team context.
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.
