Corporate Actuary

Toronto, ON
$127,800-149,100 per year
Permanent
Full-time

16 days ago

Job Title Corporate ActuaryJob DescriptionThe Corporate Actuary role represents an exciting opportunity for an individual with strong actuarial background to join the newly established Protection AA&I team at PL Re. Reporting to the AVP, AA&I, Protection, North America, this role will offer a challenging variety of work, exposure to senior management and excellent opportunities to positively contribute to the future direction of North America Protection and wider PL Re. The role requires an excellent understanding of actuarial concepts and an ability to identify, understand and explain underlying risks and financial results, particularly in respect of reporting and balance sheet impacts.The successful individual will play a leading role in analyzing quarterly results while also communicating findings to senior management. The newly established team will also be responsible for identifying and overseeing the delivery of opportunities that add value to North America Protection business.
As part of this role, you will work with other functions within Divisional Business Services and work with other Corporate Actuarial teams across Pacific Life. Similarly, you will work closely with the Protection Line of Business team, contributing to PL Re’s success in a global, dynamic marketplace. Stakeholder management, the ability to understand new concepts and strong problem-solving skills are therefore required to ensure reporting challenges and opportunities relating to both the in-force book and new initiatives are well understood by relevant stakeholders.Role Responsibilities

Part of the AA&I, Protection team, helping deliver on key strategic goals for Protection line of business, and the effective understanding and communication of financial results.
Responsible for the analysis and explanation of quarterly financial results including:
Support in the attribution and explanation of quarterly results.
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
Assisting in the identification and analysis of value-add opportunities for North America Protection business including developing a strong understanding of the economic performance of the North America Protection business along with the Canadian Longevity business.

Skills & Experience

Minimum of 2 years post qualified experience (FSA or equivalent) in the life (re)insurance markets
Experience in an actuarial reporting role, preferably with exposure to the core reporting bases used by the business, including US GAAP, IFRS 17 and LIMAT
Strong understanding of actuarial valuation principles and processes, knowledge and experience of actuarial control cycle
Strong analytical, problem solving and communication skills
Ability to work on own initiative and pro-actively manage a varied and demanding workload
Detail-oriented with the ability to work to timelines
Embraces change and can work in a fluid environment
Communicates in a clear and practical manner both verbally and in writing
Strong analytical skills and a demonstrable ability to plan and prioritize workloads and deliver to deadlines.

Competencies and Behaviours:

Demonstrates an appropriate level of technical skills for the role
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
Pragmatic, able to balance accuracy with effort
Committed team member who shares information, knowledge, and experience openly.

#LI-PC1$127,800.00 - $149,100.00 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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