Actuarial Manager (FSA) - Life Projections
Job Description
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. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. 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.
We’re actively seeking a talented senior level Actuary to join our Enterprise Actuarial Life Projections Team. This role is on-site 4 days per week and work from home 1 day per week in Toronto, ON.
As 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.
How you’ll help move us forward:
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. This includes setting and communicating clear objectives and expectations, providing stretch assignments based on their skills, providing knowledge transfer, coaching and support.
Communicate effectively with various audiences and be able to explain complex modeling issues in language appropriate for the audience. This ranges from teaching new hires to presenting to senior management.
Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.
The experience you bring:
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.
What makes you stand out:
Previous experience managing/coaching junior staff.
Working knowledge of life insurance products.
Highly organized and delivery focused.
Salary: $143,100.00 - $166,950.00 CAD per year
You can be who you are.
People come first here. 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. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
Compensation Range
The compensation range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location.
Working For Pacific Life Re
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.
Leave
Healthcare
Savings & Retirement
Wellness
Employee and Family Assistance Program
Subsidized gym membership
Time off for volunteering
Charitable matching of employee donations
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.
Pacific Life Re Values
Use of AI
As part of our commitment to a fair and efficient hiring experience, we want to inform you that we may use artificial intelligence (AI) tools to assist in reviewing resumes, and during the assessment process, including through platforms like HireVue. These tools help us identify relevant qualifications and streamline evaluations, but final decisions are always made by our hiring team.
