Corporate Actuarial Manager

  • Toronto, ON
  • $143,100-166,950 per year
  • Permanent
  • Full-time
  • 19 days ago
Job Title Corporate Actuarial ManagerJob DescriptionThe Actuarial Manager will be responsible for North America valuation results covering USGAAP (LDTI), IFRS 17, EC, BMA, USSTAT, LIMAT; oversight and guidance, overseeing project progress, delivery, and ensuring accuracy and compliance of outputs across all statutory accounting bases (US GAAP LDTI, IFRS17, IFRS4). You will work closely with other members of Valuation team to ensure modelling processes are coordinated and carried out effectively for both Financial Reporting and Business Planning processes. Hands on leadership role providing oversight, guidance, and technical direction to a team of 5 experienced actuarial professionals within the newly formed global valuation team. The role offers exposure to a wide variety of work, covering all lines of business, regions and legal entities.Opportunity to be a part of a global life reinsurer operating across Europe, Asia, Australia, and North America, providing broad exposure across all lines of business, regions, and legal entities, within a single, integrated valuation framework. You will have an exciting opportunity to participate in a period of genuine transformation as the benefits from a back-office transformation project are delivered into the team. You will act as an advocate for change and foster a culture of continuous improvement around modelling processes.High impact, visible work with regular interaction across Corporate Actuarial, Finance, Operations, Pricing, R&D, and Actuarial Systems. You will be responsible for preparing modelling insights to a wide range of stakeholders across corporate actuary teams. You will contribute expertise and capabilities within the team to ensure that we can respond to the increasingly complex needs of a growing global reinsurer, such as conducting sensitivities and scenarios or modelling new non-proportional retrocession arrangements. Influential position shaping how models are run, validated, and controlled, including ownership of key outputs, validation frameworks, and modelling governanceIdeal for a seasoned actuary looking to deepen IFRS 17 / LDTI experience, lead change, and make a tangible impact without a long‑term commitment.Role ResponsibilitiesInterpret, analyse and summarize actuarial model outputs across all statutory accounting bases (US GAAP LDTI,
IFRS17, IFRS4) for Financial Reporting and Business Plan, across multiple legal entities.Interpret, analyze and summarize insights from the other CA teams, such as modelling potential new deal structures
or carrying out stress / scenario modelling runs.Produce controls and validation reports to ensure the completeness and accuracy of modelled resultsDevelop and maintain a close working relationship with other CA teams, facilitating model run requests, technical queries and model developments.Manage model inputs, outputs and other processes related to statutory accounting bases, e.g. demographic assumptions, IBNR factors.Contribute to the continuous improvement mindset for modelling processes, including testing and implementation of related deliverables from the back-office transformation program.Specifying model requirements and testing new developmentsAssisting with model updates and runs on other bases as requiredSkills & ExperienceQualified actuary with minimum of 5 years’ experience in life insurance or life reinsuranceTeam management / coaching experience, with ability to manage across multiple locations and time zones preferredTrack record of challenging / improving processes and fostering a culture of continuous improvementExperience with actuarial modelling software (AXIS or Tyche preferred) and proficient with Microsoft ExcelExperience overseeing change and the introduction of new processes, controls and systemsIn-depth understanding of the Corporate Actuarial functionGood knowledge of IFRS17 and/or US GAAP LDTI, including first-hand experience of associated modelling complexitiesLI-PC1$143,100.00 - $166, 950.00Compensation 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