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About the Role
Support the delivery of actuarial results, ensuring accuracy and compliance across all accounting and statutory bases. This role involves supporting capital management processes for the Pacific Life Re Australia entity and collaborating with various teams to ensure effective modeling and financial reporting. You will also play a key part in a period of transformation driven by Project Unify, acting as an advocate for change and continuous improvement.
Responsibilities
- Interpret, analyze, and summarize actuarial model outputs across various statutory accounting bases for Financial Reporting and Business Plan for the Pacific Life Re Australia entity.
- Support capital management processes for the Pacific Life Re Australia entity, including annual calibration of internal target surplus and update of key annual actuarial reports.
- Support development of actuarial methodology across all reporting bases, including for potential new deals or changes to existing structures.
- Produce controls and validation reports to ensure the completeness and accuracy of actuarial results.
- Develop and maintain a close working relationship with other CA teams and DBS functions.
- Support financial impact assessment and analysis associated with changes to actuarial assumptions.
- Contribute to the continuous improvement mindset for systems and processes, including testing and implementation of related deliverables from the Project Unify programme.
- Specify actuarial model requirements for new developments and support any testing and analysis of financial results from model updates.
Requirements
- Qualified actuary with a minimum of 3 years' experience in life insurance or life reinsurance.
- Preferably with some experience in valuation roles.
- Excellent technical actuarial and analytical skills.
- Effective communication skills, both verbal and written.
- Track record of challenging/improving processes and fostering a culture of continuous improvement.
- Experience with actuarial modelling software and proficient with Microsoft Excel.
- Good understanding of the CA function.
- Good knowledge of either IFRS17 or LAGIC or US GAAP reporting bases, including first-hand experience of associated modelling complexities.
- Demonstrated strong technical competency and capable of effectively conveying complex information.
- Ability to work on own initiative and proactively manage a varied and demanding workload.
- Proven focus on quality, ensuring deliverables are accurate, timely 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 software
- Microsoft Excel
- IFRS17
- LAGIC
- US GAAP
Location
- Australia
Work Type
- Full-time
Experience Level
- Minimum of 3 years’ experience in life insurance or life reinsurance
- Preferably with some experience in valuation roles
Education Level
- Qualified actuary
Benefits
- 20+5 days of annual leave with option to buy more days
- Fertility leave
- Generous enhanced parental leave
- The Company’s Group Salary Continuance Insurance (SCI)/Income Protection (IP) provides you with a continued salary, through monthly Benefit payments, in order to protect your standard of living should you be unable to work due to long term illness, injury or partial/total disability
- Subsidized gym membership
- Access to Employee Assistance Program
- Time off for volunteering
- Charitable matching of employee donations
About the Company
- 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.
Equal Opportunity
- We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
- 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.