Actuary, Actuarial Analytics & Insights (S&R)

Job Title

Actuary, Actuarial Analytics & Insights (S&R)

Job Description

The Team

The Actuarial Analytics & Insights, S&R team forms part of the Corporate Actuarial (CA) function within Divisional Business Services (DBS) and is responsible for the Savings and Retirement (S&R) business. The S&R Line of Business delivers funded and non-funded reinsurance solutions to global insurance clients, catering for the increasing demand from clients in various jurisdictions for innovative reinsurance support that can transfer both insurance and asset risk.

The team are responsible for performing analysis and communicating insights in relation to both the in-force book and new business across US GAAP, US Statutory (US STAT), Internal Economic Capital (EC) and Bermuda Monetary Authority (BMA) reporting bases. The team’s focus is on developing a deep understanding of both the asset and liability side of the balance sheets, delivering value-add outcomes that support S&R and wider PL Re’s strategic priorities.

The team will interact closely with S&R and will be a key part of DBS and PL Re, interacting with CA (including the Global Valuation team and Actuarial Systems Team), Operations, Finance, R&D, Client Solutions, and Pricing.

The Role

We have an exciting opportunity for an individual with a strong actuarial background and relevant experience to join the Corporate Actuarial function as a Nearly/Newly-Qualified Actuary, focusing on Savings & Retirement (S&R) business.

Reporting to AVP (Actuarial Analytics and Insights, S&R), this role offers a challenging variety of work, exposure to senior management, and excellent opportunities to make positive contributions to S&R and CA. There will be opportunities to get involved in quarterly reporting, business planning, new business onboarding, in-force management, as well as process improvement initiatives targeting increased efficiency and scalability as the S&R portfolio continues to grow at pace.

As part of this role, you will work with other functions within DBS and work with other Corporate Actuarial teams across Pacific Life. Similarly, you will work closely with the S&R Line of Business team, contributing to PL Re’s success in what is a growing and dynamic marketplace. Strong communication skills, ability to understand new concepts, and strong problem-solving skills are therefore required to ensure challenges and opportunities relating to both the in-force book and new initiatives are well understood by relevant stakeholders.

Responsibilities

• Preparation, analysis, attribution, and explanation of quarterly reporting results across each of the required reporting bases – namely US GAAP, US Statutory, internal Economic Capital, and Bermuda Monetary Authority (BMA).
• Supporting other regular BAU activities carried out by the team including but not limited to forecasting, business planning, collateral calculation and validation, MI production, and data cleanses.
• Supporting in-force management initiatives taken on by the team.
• Supporting regulatory requirements, specifically those from the BMA.
• Supporting process efficiency and control improvement initiatives within the team.
• Effective network management and demonstration of excellent communication.
• Building relationships with stakeholders in S&R and wider DBS, keeping Actuarial Analytics & Insights (S&R) aware of relevant updates.

Qualifications & Experience

Essential

• Nearly/newly-qualified actuary with minimum of 2 years’ experience in life insurance or life reinsurance, preferably in a reporting environment.
• Strong understanding of actuarial valuation principles and processes, with knowledge and experience of the actuarial control cycle being a definite plus.
• Experience of scoping out and delivering process improvements.
• Proven ability to work and collaborate with other functions, developing and maintaining effective working relationships with all parties.
• Strong analytical, problem solving, and communication skills.
• Able to work on own initiative and pro-actively manage varied and demanding workloads.
• Detail-oriented with the ability to work to challenging timelines.
• Ability to understand and apply new concepts quickly.
• Shows initiative, flexibility, and resourcefulness.
• Embraces change and can work in a fluid environment.

Desirable Experience

• Demonstrable knowledge of US GAAP and/or BMA regulations.

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. Of course, we take our work seriously and we know our team can operate under great pressure. 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.

Benefits (Only for Permanent and Fixed Term Employees)

Leave

• 25 days of annual leave with option to buy/sell more days

• Adoption and fertility leave

• Generous enhanced parental leave

Healthcare

• Comprehensive private insurance coverage for employee and dependents

• Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary

• Optical benefits

Savings & Retirement

• 15% combined employee/employer contributions

Wellness

• 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

You Can Be Who You Are

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.

Pacific Life Re Values

Please click here to view our company values