The Team
Valuation Team at Pacific Life Re is responsible for the actuarialvaluation of our diverse lines of business and global markets. The team will runand validate our global Tyche models to deliver insights across PL Re. Theywill support our long-term growth by implementing new business, continuouslyimproving processes and specifying and testing future model changes, workingclosely 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, interactingwith CA teams, Operations, Finance, R&D, and Pricing.
Our actuarial models are vital to the way we run our business, and theValuation Team will provide crucial insights across Financial Reporting,Business Planning and other processes. The team is in the midst of an excitingtransformation journey, driven by project Unify, towards more automated andefficient processes, making this an exciting time to join a new global team.
The Role
As Senior Analyst, you will support production, validation and analysisof actuarial model outputs across all relevant reporting bases (including EEC,BMA EBS, USGAAP LDTI, IFRS17, MAS, KICS). You will work closely with othermembers of Valuation Team to ensure modelling processes are coordinated andcarried out effectively for both Financial Reporting and Business Planningprocesses. The role offers exposure to a wide variety of work, covering alllines of business, regions and legal entities.
You will also have an exciting opportunity to contribute to a period ofgenuine transformation as the benefits from Unify are delivered into the team.You will act as an advocate for change and foster a culture of continuousimprovement around modelling processes.
Collaboration with other teams will be crucial, as you'll be responsiblefor delivering modelling insights to a wide range of stakeholders across CAteams. You'll gain exposure and capabilities within the team to ensure that wecan respond to the increasingly complex needs of a growing global reinsurer,such as conducting sensitivities and scenarios or modelling newnon-proportional retrocession arrangements.
The role is part of a large, global sub-team, and so you will have theopportunity to gain substantial experience in global team collaborations. Youwill work with other members of CA both locally and globally, ensure effectivecommunication within the sub-team and with others. You will be part of a highperforming team and contribute to the working culture.
Role Responsibilities
· Support the production of actuarial model outputsacross various reporting bases (including EEC, BMA EBS, USGAAP LDTI, IFRS17,MAS, KICS) for Financial Reporting and Business Plan, across multiple legalentities
· Assist in ad-hoc modelling requests from various CAteams, such as modelling potential new Retrocession structures or carrying outstress / scenario modelling runs.
· Performing controls and validations to ensure thecompleteness and accuracy of modelled results
· Developing and maintaining a close workingrelationship with other members of Valuation Team, as well as other CA teams
· Document controls for model inputs, outputs and otherprocesses related to Financial Reporting and Business Plan
· Continuous improvement of modelling processes,including supporting related deliverables from the Unify program
· Specifying model requirements and testing newdevelopments
· Assisting with model updates and runs on other basesas required
Skills & Experience
· Part qualified actuary with minimum of 3 years’experience in life insurance or life reinsurance
· Experience with actuarial modelling software (Tychepreferred) and proficient with Microsoft Excel
· Experience of challenging / improving processes and contributingto continuous improvement
· Experience overseeing change and the introduction ofnew processes, controls and systems
· Good understanding of the Corporate Actuarialfunction
· Good understanding of reporting bases (for exampleEEC, BMA EBS, USGAAP LDTI, IFRS17, MAS, KICS)
Competencies and Behaviours:
· Ability to work independently and manage a varied anddemanding workload
· Clear and effective communication skills, both verbaland written
· Strong attention to detail, with a focus ondelivering accurate, high-quality outputs
· Ability to collaborate effectively with colleaguesacross teams
· Ability to learn and apply new concepts quickly,showing initiative, flexibility, and resourcefulness
· Adaptability to change and evolving environments
· Pragmatic mindset, able to balance accuracy witheffort
· Willingness to question existing approachesand contribute ideas for improvement
