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About the Role

This role is suited to candidates with strong statistical backgrounds applying advanced modelling techniques within an actuarial context. It focuses on supporting the design, production, and maintenance of a Global Capital Assumptions Framework for quantifying insurance risk for Economic Capital across Pacific Life Re. The framework will cover Mortality, Morbidity, Longevity, and Capital Solutions, incorporating centralization, cutting-edge design, market entry support, and an efficient operating model. The ideal candidate will bring creativity, innovation, and resilience to tackle complex problems, with a core component involving statistical research, model development, and simulation-based approaches to risk calibration. The role offers exposure to global markets, senior stakeholders, and diverse data sources and methodologies.

Responsibilities

• Support the design, production, and maintenance of a Global Capital Assumptions Framework.
• Quantify insurance risk for Economic Capital.
• Incorporate appropriate centralization, cutting-edge design, and methodologies into the framework.
• Support market entry and establish a target operating model for efficiency.
• Conduct statistical research, model development, and simulation-based approaches for risk calibration.
• Develop and validate models.
• Translate research outputs into practical capital assumptions.

Requirements

• Qualified Fellow of the Institute and Faculty of Actuaries (IFoA) or Society of Actuaries (or similar).
• Strong statistical skills with hands-on experience in statistical modelling and simulation-based approaches.
• Strong programming capability, particularly in R, with experience building transparent, reproducible analytical models.
• Experience applying quantitative or actuarial techniques to insurance risk, capital, or pricing problems.
• Excellent communication and organizational skills.
• Ability to present complex statistical concepts clearly to technical and non-technical stakeholders.
• Ability to work independently while collaborating effectively within a flexible, dynamic team.

Skills

• Statistical modelling
• Simulation-based approaches
• R programming
• Quantitative techniques
• Actuarial techniques
• Insurance risk
• Capital modelling
• Pricing
• Communication
• Organization
• Data analysis

Location

• Global

Work Type

• Flexible
• Dynamic

Experience Level

• Qualified Fellow of the Institute and Faculty of Actuaries (IFoA) or Society of Actuaries (or similar)

Salary/Compensations

• $127,800 - $149,100

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 is a global team that brings an innovative and dynamic approach to the marketplace, disrupting and challenging industry thinking to provide the best life and health reinsurance services possible.
• The company operates in complex and fast-moving markets, valuing knowledge and innovation.
• Pacific Life Re is experiencing rapid international growth with offices across Europe, Asia, North America, Australia, and Bermuda.
• With over 1000 employees globally, the company fosters an inclusive culture underpinned by its values and behaviours, providing an environment for growth and development.
• Every person in the global team is valued for their unique qualities, with a focus on building expertise and supporting individual ambitions.
• The company culture emphasizes hard work and achievement, balanced with fun and relaxation, including team-building days.
• A healthy work-life balance is a priority, supported by a wide range of employee benefits, social activities, and well-being initiatives.
• Pacific Life Re is committed to supporting employee involvement in their communities through fundraising, charity events, and volunteering opportunities.

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.