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About the Role

Lead the Savings & Retirement ("S&R") and Consolidation sub-teams within Global Valuation, responsible for executing valuation processes for the S&R line of business and consolidated reporting. Accountable for accurate and timely delivery of quarterly and ad hoc actuarial outputs within the required control framework. Act as a key valuation stakeholder for new business transactions, providing technical input on valuation requirements, operational readiness, and model implementation. Oversee the Consolidation team, ensuring production and validation of actuarial results for Economic Capital and Bermuda reporting. Contribute to the Global Valuation leadership team, driving process improvements, supporting transformation initiatives, and overseeing asset modelling transition.

Responsibilities

People management and leadership of the S&R and Consolidation sub-teams.
Provide technical actuarial input into new business opportunities, supporting the assessment of deal structures and their implications for valuation processes.
Provide valuation expertise to support the implementation of new and novel S&R transactions, ensuring appropriate modelling solutions, controls and processes are established.
Oversee the production and validation of actuarial results across various reporting bases (EC, BMA, US GAAP, IFRS4, IFRS17) for financial reporting and planning purposes.
Oversee the execution and validation of actuarial model runs supporting stress testing, scenario analysis, in-force management and other ad-hoc business requirements.
Oversee the transition and ongoing management of asset modelling activities within Global Valuation.
Ensure robust controls and validation processes are maintained to support accurate and reliable actuarial outputs.
Develop and maintain strong working relationships with other Corporate Actuarial teams, facilitating model run requests, technical queries and model enhancements.
Drive continuous improvement of valuation processes and support delivery of strategic transformation initiatives, including Project Unify and ongoing Tyche development.
Specify model requirements, support testing activities and provide business leadership for model developments.

Requirements

Qualified actuary with a minimum of 5 years' post-qualified experience in life insurance or life reinsurance.
Experience of pension risk transfer, annuity or other Savings & Retirement business.
Strong understanding of asset and liability interactions within actuarial modelling frameworks.
Experience providing actuarial support for new business transactions, including assessment, implementation and ongoing reporting considerations.
Team leadership and coaching experience, with a track record of developing capability, fostering engagement and building high-performing teams.
Track record of improving processes and driving a culture of continuous improvement.
Experience with actuarial modelling platforms, valuation processes and associated control frameworks.
Experience leading change initiatives and implementing new processes, controls and systems.
Strong understanding of the Corporate Actuarial function and its interaction with Pricing, Finance and Operations teams.
Knowledge of regulatory capital frameworks such as Solvency II and/or BMA.
Knowledge of IFRS17 and/or US GAAP LDTI, including practical experience of the associated modelling and reporting complexities.
Experience of implementing complex or novel transactions within actuarial reporting and modelling frameworks would be advantageous.
Ability to work on own initiative and proactively manage a varied and demanding workload.
Demonstrates strong leadership and people management skills.
Effective communication skills, both verbal and written.
Proven focus on quality, ensuring deliverables are accurate and fit for purpose.
Proven ability to work with other functions, developing and maintaining working relationships.
Ability to understand and apply new concepts quickly, showing initiative, flexibility, and resourcefulness.
Adaptability to change and evolving environments.
Pragmatic, able to balance accuracy with effort.
Willingness to challenge the status quo.

Skills

Actuarial modelling platforms
Valuation processes
Control frameworks
Regulatory capital frameworks (Solvency II, BMA)
IFRS17
US GAAP LDTI
Project management
Team leadership
Communication

Location

London

Work Type

Full-time

Experience Level

5+ years post-qualified experience

Education Level

Qualified actuary

Benefits

25 days of annual leave with option to buy/sell more days
Adoption and fertility leave
Generous enhanced parental leave
Comprehensive private insurance coverage for employee and dependents
Group Life Insurance coverage of 9x basic annual salary
Group Income Protection up to 75% of basic annual salary
Optical benefits
15% combined employee/employer contributions to savings & retirement
Subsidized gym membership
Access to Employee Assistance Program
Cycle to Work and Electric Car Salary Sacrifice Scheme
Time off for volunteering
Charitable matching of employee donations

About the Company

Pacific Life Re is a global company that values each person's unique qualities and supports individual ambitions.
The company culture emphasizes hard work, achievement, fun, and relaxation, with regular team-building days.
Providing employees with a healthy work-life balance is a priority, supported by a range of benefits and wellness initiatives.
The company is committed to supporting employee involvement in their communities through fundraising, charity events, and volunteering opportunities.

Equal Opportunity

Committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities.
Support all employees to thrive and achieve their fullest potential.
Will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities.