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About the Role

As a senior Actuary in the Enterprise Actuarial’s Life Projections team, you will play a key role in Pacific Life’s growth and long-term success. You will be responsible for Economic Value/Economic Capital and Cash Flow Testing projections for life insurance products. You will be accountable to the Corporate Appointed Actuary and Valuation Actuary for Asset Adequacy Analysis results.

Responsibilities

• Support Economic Valuation/Economic Capital calculations as part of the enterprise economic framework.
• Support Asset Adequacy Analysis including Cash Flow Testing projections, preparation of the Actuarial Opinion and Memorandum for multiple legal entities.
• Support other regulatory projection requirements including AG38 8C, RBC C3P1, etc.
• Provide support for audit requests and interface with auditors, state regulators and examiners as necessary.
• Oversee the model input data management including the inforce liability data, the inforce asset data and the economic scenarios.
• Support finance transformation projects, including Prophet implementation.
• Support and comply with all Model Risk Management initiatives and standards, including model risk, model documentation, and other best practices guidelines.
• Develop analytic tools to help explain the modeled results and movement from prior periods.
• Implement process improvements, automation, and efficiencies where applicable.
• Develop junior actuarial professionals by providing insight, guidance and oversight.
• Communicate effectively with various audiences and be able to explain complex modeling issues in language appropriate for the audience.
• Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.

Requirements

• Bachelor's in actuarial science, finance, mathematics or related field or equivalent work experience.
• FSA with 6+ years actuarial experience.
• Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
• Demonstrated leadership, organizational, and interpersonal skills.
• Judgement, resourcefulness, and ability to distill complicated issues into something more manageable.
• Excellent written/verbal communication skills with the ability to present complex information in a clear and concise manner to various audiences, including senior management.
• Excellent analytical, problem-solving, and decision-making skills.
• Solid experience with actuarial modeling software, MG-ALFA or Prophet a plus.
• Previous experience managing/coaching junior staff.
• Working knowledge of life insurance products.
• Highly organized and delivery focused.

Skills

• Actuarial modeling software
• MG-ALFA
• Prophet

Location

• Toronto, ON

Work Type

• On-site 4 days per week
• Work from home 1 day per week

Experience Level

• Senior level
• 6+ years actuarial experience

Education Level

• Bachelor's in actuarial science, finance, mathematics or related field or equivalent work experience.
• FSA

Salary/Compensations

• $143,100.00 - $166,950.00 CAD per year

Benefits

• 23 days of annual leave (Regular employees) with option to buy or sell more days
• Fertility leave
• Generous parental leave
• Group Life Insurance and Accidental Death & Dismemberment coverage for all permanent employees
• 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

• Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most.
• We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better.
• 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.
• 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.
• 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

• We’re committed to a diverse, equitable and inclusive workforce.
• Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com.
• 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.