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About the Role

Jumpstart your Actuarial career with Pacific Life! We are dedicated to your growth and providing opportunities to thrive. We’re investing in bright, agile new talent with fresh perspectives to help us innovate and build meaningful relationships for years to come. This internship offers hands-on experience in actuarial projects that contribute to team and company goals, product training, mentorship, and exposure to various actuarial functions.

Responsibilities

Support quarterly and annual valuation and financial reporting activities under US Statutory & US Tax, US GAAP, IFRS17 & LICAT, Economic Capital, and Bermuda Statutory.
Perform miscellaneous reserve calculations, reconciliations, and analysis.
Verify and understand actuarial assumptions.
Calculate reserves and capital requirements from first principles.
Assist with reserve sensitivities and scenario testing.
Perform valuation model spot-checks and independent validation of system reserves.
Confirm the accuracy and completeness of valuation data.
Document and explain valuation results.
Implement changes in the AXIS actuarial model and test the impact of valuation system changes.
Apply statistical methods in the calibration of the divisional economic capital model.
Contribute to the development of key assumptions through analysis of internal and external data.
Work with tools such as Excel, R, SQL, and Tableau to support R&D team improvements.
Contribute to complex actuarial projects, ensuring timely and accurate completion.
Provide support across enterprise actuarial transformation efforts.
Support implementing model development projects, conversions, and large-scale changes.
Prepare presentations for senior management, summarizing findings and providing actionable recommendations.
Communicate complex actuarial concepts and results to non-actuarial stakeholders.
Support pricing projects and quotes under the guidance of senior actuarial team members.
Help maintain and update pricing models and tools.
Support ongoing improvements to pricing processes.

Requirements

Completion of at least 1 Society of Actuaries exam is required.
Pursuing an undergraduate degree majoring in Mathematics, Statistics, Economics, Finance, or Actuarial Science.
Demonstrates an appropriate level of actuarial knowledge for their experience level.
Ability to problem solve and demonstrate leadership.
Strong communication and analytical skills.
Desire to gain more experience in the actuarial field.
Participates actively in meetings, has 'meeting presence'.
Ability to work well on a team as well as independently.
Takes responsibility for quality, completeness, and accuracy of work.
Shows initiative, flexibility, and resourcefulness.
Ability to deal with challenging deadlines and prioritizes effectively.

Skills

Excel
R
SQL
Tableau
Modeling
Risk Management
Product Design
Pricing
Valuation
Communication
Analytical skills

Location

Downtown Toronto office

Work Type

Hybrid schedule
4-day per week in-office presence

Experience Level

Intern

Education Level

Undergraduate degree

Salary/Compensations

$55,000 - $74,000 annually CAD

Benefits

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

About the Company

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.
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.
Our vision is to bring an innovative and dynamic approach to the marketplace.
Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible.
Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand.
Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda.
With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop.

Equal Opportunity

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.