Treaty Implementation Actuary, Corporate Actuarial, Valuation – FTC (18 months)

Job Title

Treaty Implementation Actuary, Corporate Actuarial, Valuation – FTC (18 months)

Job Description

The Team

The global Valuation team at Pacific Life Re is responsible for the actuarial valuation of our diverse lines of business and global markets. The team runs and validates our integrated Tyche models to deliver insights across PL Re. They support our long-term growth by implementing new business, continuously improving processes and specifying and testing future model changes, working closely with our Actuarial Systems Team who develop and maintain the models. The team will be a key part of PL Re’s Divisional Business Services, interacting with CA teams, Operations, Finance, R&D, and Pricing.

Our actuarial models are vital to the way we run our business, and the Valuation team will provide crucial insights across Financial Reporting, Business Planning and other processes. The team is going through an significant transformation journey, driven by project Unify, towards more automated and efficient processes, making this an exciting time to join a new global team.

The Role

You will be responsible for the execution of a range of new treaty implementations and staying abreast of new business developments to ensure that our modelling approaches and processes keep pace with our growing business. Specifically, you will help drive our initiative to ‘clear the backlog’ of historical unimplemented treaties. You will also support with embedding changes to the delivered through the Unify program.

This cross-functional role requires collaboration with a wide variety of stakeholders, including our Operations and Line of Business front-office teams across all lines of business and regions, as well as the wider CA function.

In addition, you will help support a positive working culture and a high performing team.

Role Responsibilities

• Implementation of new treaties, including helping drive our initiative to ‘clear the backlog’ of historical unimplemented treaties
• Helping embed and improve the global control framework for implementations
• Acting as a point of contact with our Operations teams regarding the provision of valuation extracts
• Acting as a point of contact with our Pricing teams regarding the handover of information for new treaty implementations
• Helping to drive continuous improvement of implementation processes, including embedding related deliverables from the Unify program
• Specifying model requirements and testing new developments related to new treaty implementations
• Supporting with the implementation and continuous review of our cross-functional ‘Tiering’ framework

Skills & Experience

• Qualified actuary with minimum of 3 years’ experience in life insurance or life reinsurance
• Track record of challenging / improving processes and fostering a culture of continuous improvement
• Experience with actuarial modelling software (Tyche preferable) and proficient with Microsoft Excel
• Experience supporting with change and the introduction of new processes, controls and systems
• Solid understanding of the Corporate Actuarial function
• Experience / understanding across multiple regions, reporting bases and Lines of Business desirable but not essential
• Experience / understanding of Pricing and/or Operations processes desirable but not essential

Competencies and Behaviours:

• Ability to work on own initiative and proactively manage a varied and demanding workload, ensuring tasks are completed efficiently
• 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

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