About the Role
The Divisional Capital Management & Reporting team is responsible for capital management and consolidated solvency reporting across the Group, covering both internal Economic Capital (EC) framework and the Bermuda Monetary Authority (BMA) regulatory basis. This role will play a central part in shaping how Pacific Life Re plans, forecasts, deploys, and reports capital, ensuring frameworks are robust, well-governed, and aligned to strategic growth objectives. The position offers the opportunity to influence a wide range of workstreams, challenges, and strategic decisions from day one, and is well-suited for individuals who thrive in complex, fast-moving environments and enjoy owning end-to-end processes.
Responsibilities
- Produce and communicate high-quality capital MI for senior leadership, Boards and regulatory submissions, covering solvency, ALM, currency exposure, insurance risks, diversification, new business impacts, and drivers of movements.
- Provide expert support to senior leadership, Boards, Risk function and other Enterprise stakeholders on ad hoc matters, including capital impacts of transactions, strategy changes, and regulatory developments.
- Identify, develop, implement, monitor and iterate Division-wide capital management initiatives.
- Translate complex model outputs and analysis into clear, actionable strategic recommendations.
- Develop, consolidate, and deliver the multi-year capital plan for the Division.
- Produce solvency forecasts, including the identification and monitoring of emerging risks.
- Conduct stress and scenario testing (including CISSA), ensuring consistency and alignment across regions and stakeholders.
- Strengthen control frameworks (materiality, version control, documentation, operational event logging) across the team.
- Improve processes across the CM&R team.
- Manage and mentor analysts and actuaries within the Capital Management and Reporting team, providing coaching, oversight and technical guidance.
- Embed a culture of accountability, curiosity, continuous improvement and collaboration.
Requirements
- Technically strong, commercially minded, and comfortable operating in ambiguity and under competing priorities.
- Ability to cut through complexity and deliver high-quality outputs across a demanding and varied capital management agenda.
- Good communication skills, with the ability to negotiate, challenge, and explain complex topics clearly and concisely.
- Ability to quickly understand requirements, prioritise effectively, and deliver meaningful results.
Skills
- Capital Management
- Capital Reporting
- Solvency
- ALM
- Currency Exposure
- Insurance Risks
- Diversification
- New Business Impacts
- Economic Capital (EC) framework
- Bermuda Monetary Authority (BMA) regulatory basis
- Process Improvement
- Mentoring
- Coaching
- Technical Guidance
Location
- Sydney
- Singapore
- Bermuda
- Toronto
- Newport Beach, California
Work Type
- Full-time
Experience Level
- Senior
Salary/Compensations
- $143,100.00 - $166,950.00 CAD annually
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 Re (‘PL Re’) and UnderwriteMe believe in giving employees ongoing opportunities to advance their careers and embrace their potential.
- The Divisional Capital Management & Reporting team sits within the Corporate Actuarial function in Divisional Business Services (DBS) at Pacific Life Re.
- Pacific Life Re values every person in their global team for the unique qualities they bring.
- They work hard and thrive on achievement, but also know how to have fun and relax.
- They regularly host team building days to strengthen team connection and reflect on successes.
- Providing employees with a healthy work-life balance is very important to their culture.
- They have a wide range of employee benefits and host regular social activities and well being initiatives.
- They are committed to supporting employee involvement in their communities through fundraising, charity events, and volunteering opportunities.
- Pacific Life Re's vision is to bring an innovative and dynamic approach to the marketplace.
- Their global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible.
- Working in complex and fast-moving markets has taught them that knowledge and innovation go hand in hand.
- They are continuing their rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda.
- With over 1000 employees across the globe, they take pride in their inclusive culture, underpinned by their 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.
