AVP, Actuarial Analytics & Insights, Protection

Toronto, ON
$160,290-187,005 per year
Permanent
Full-time

28 days ago

Job Title AVP, Actuarial Analytics & Insights, ProtectionJob DescriptionThe AVP, Actuarial Analytics & Insights represents an exciting opportunity for an experienced actuary with a strong background in Protection and proven leadership capability to join the Corporate Actuarial function. The role offers a broad and challenging remit, significant exposure to senior management, and the opportunity to positively influence the future direction of the Protection line of business and wider PL Re. In addition, the role carries Appointed Actuary responsibilities for RIBM, Canada Branch, providing regulatory and professional accountability.This role sits within the Actuarial Analytics & Insights (AA&I), Protection team, forming part of the Corporate Actuarial (CA) function within Divisional Business Services (DBS). The successful individual will play a leading role in delivering high‑quality analysis and insights across the Protection line of business, supporting senior management decision‑making and PL Re’s strategic objectives, across multiple reporting bases and regions.The AA&I 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), IFRS 17, LIMAT, Internal Economic Capital (EC) and Bermuda Monetary Authority (BMA) reporting bases. The team’s focus is on developing a deep understanding of the balance sheets, delivering value-add outcomes that supporting the Protection business and wider PL Re’s strategic priorities.The team will be integral to the success of PL Re, collaborating closely with the Protection front-office and Pricing functions.Role Responsibilities –AVP, AA&I

An active role within the AA&I, Protection leadership team, contributing to clear direction, effective communication and high standards of technical quality, delivery and culture. This includes supporting agreed accountabilities, roles and responsibilities.
Line management responsibilities as per the organization chart, providing support through managing, coaching and developing so that individual, team and company goals are met.
Responsible for the production, analysis and explanation of financial results including:

Support VP in developing and communicating the financial results to senior stakeholders.
Support the understanding of the dynamics of the financial results, through forward looking scenarios and sensitivities.
Clear explanation, insights and proposing of management actions, relating to results and balance sheets of Protection
Deliver robust and insightful Strategic Planning output, in line with Strategic direction set out by the Global Protection Executive Committee
Work closely with regional AA&I counterparts to support increased global consistency and alignment for the Protection line of business
Maintain effective co-ordination with other teams within CA and also cross-functionally, contributing to effective end-to-end collaboration and escalation of any emerging issues or opportunities.
Ensure team awareness of potential new business developments and proactively engage with Protection and other parts of DBS to ensure preparedness. To include:

Explore and agree the appropriate capital/regulatory treatment of new Protection initiatives.
Understanding of Accounting treatment, including supporting any Technical Accounting preparations.
Ensure operational readiness in relation to items such as models, processes & controls.

Role Responsibilities – Appointed Actuary, RIBM Canada Branch

Act as Appointed Actuary for the Branch, providing independent actuarial oversight in line with local standards of practice and regulatory requirements.
Maintain oversight of valuation, assumptions, stress testing and capital position, ensuring compliance with internal targets and regulatory expectations.
Review and approve actuarial inputs to pricing and new business, including best estimate assumptions and terms of trade, as required.
Prepare the annual Appointed Actuary Report and review regulatory and year‑end filings for the Branch
Contribute to effective governance through participation in the Branch Management Committee and engagement with regulators and industry bodies, as appropriate

Skills & Experience

FCIA with at least 10 years post-FSA experience and a minimum of 3 years appropriate Canadian practical experience (incl. minimum of 1-year performing Canadian valuation and FCT of an insurance company with similar lines of business)
Excellent understanding of Protection, life insurance and reinsurance market across Canadian and US markets
Demonstratable experience of leading a team, with success from both a technical and cultural perspective. Possesses advanced people management skills, including leading, delegating, mentoring, and developing team members
Advanced interpersonal skills, working effectively and harmoniously across various disciplines and functions within the organization. Quickly establishes and nurtures trust and confidence among internal stakeholders. Proven capability to lead, facilitate, and drive effective decisions cross-functionally
Excellent written and verbal communication skills, proven ability to manage relationships with stakeholders of varying seniority in Actuarial and non-Actuarial teams.
Strong analytical skills and a demonstrable ability to plan and prioritize workloads and deliver to deadlines.
Ability to be forward-looking and anticipate future needs, with proven track record of effectively delivering in a dynamic and fast-changing environment. Applies creative thinking to complex challenges, proactively offering ideas and solutions while anticipating potential obstacles

Competencies and Behaviours:

Demonstrates an appropriate level of technical skills for the role and an appreciation of current issues affecting their profession and the life reinsurance industry
Able to deal with challenging deadlines and prioritizes effectively
Participates actively in meetings, has ‘meeting presence’
Stakeholder management and business engagement
Ability to understand and apply new concepts quickly, showing initiative, flexibility, and resourcefulness
Self-starter, solution-based thinker who embraces change
Pragmatic, able to balance accuracy with effort
Proven ability to work with other functions, developing and maintaining working relationships

#LI-PC1$160, 290.00 - $187, 005.00 CADCompensation RangeThe 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 ReEvery 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.BenefitsLeave23 days of annual leave (Regular employees) with option to buy or sell more daysFertility leaveGenerous parental leaveHealthcareGroup Life Insurance and Accidental Death & Dismemberment coverage for all permanent employeesDental & Optical benefitsSavings & RetirementRRSP: company-matched contributionsWellnessEmployee and Family Assistance ProgramSubsidized gym membershipTime off for volunteeringCharitable matching of employee donationsAs 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 ValuesUse of AIAs 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.

Pacific Life Re

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