About the Role
As a Senior Actuary, you’ll advance the company’s capital stress testing analytics capabilities, supporting the assessment of capital adequacy across a range of adverse scenarios. You will work across functions to enhance methodologies, deliver actionable insights, and support key internal and external stakeholders, including senior management and the Board.
Responsibilities
- Lead the execution of quarterly capital stress testing process and provide thoughtful explanation of changes in the Company's risk profile under multiple capital lenses (e.g. US RBC, Bermuda, Economic)
- Implement updates to stress testing methodology and reporting capabilities in alignment with principle established in the Company's risk appetite framework
- Maintain and enhance robust, transparent, and repeatable stress testing processes, aligned with capital management and reporting practices
- Support the capital planning component of the annual strategic plan, including solvency ratio and excess capital projection and associated analytics
- Partner with finance, risk, and actuarial teams across the enterprise on cross-functional projects and ad-hoc capital initiatives
Requirements
- Bachelor’s degree in actuarial science, finance, mathematics, or a related field
- FSA with 6+ years of actuarial experience within the life insurance and annuities industry
- Strong analytical and problem-solving skills with attention to detail and intellectual rigor
- Effective communicator with the ability to build relationships and collaborate across teams
- Hands-on experience in capital planning, reporting, and analysis within a life insurance context
- Familiarity with regulatory and economic capital frameworks and management reporting
Skills
- Actuarial science
- Finance
- Mathematics
- Capital planning
- Reporting
- Analysis
- Risk management
- Communication
- Collaboration
Location
- Toronto, ON
Work Type
- Hybrid
Experience Level
- Senior
- 6+ years
Education Level
- Bachelor’s degree
- FSA
Salary/Compensations
- $143,100.00 - $166,950.00 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
- Pacific Life is more than a job; it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
- 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.
- Providing employees with a healthy work-life balance is very important to our culture.
- We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
- At Pacific Life Re, 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.
