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Job Description
The Actuarial Analytics & Insights (AA&I) team are responsible for managing the in-force portfolios by setting valuation assumptions and methodology, explaining actuarial results to the wider business and proposing management actions to optimise the portfolio. They work closely with other teams within Corporate Actuarial, which includes the Actuarial Systems Team (AST), Valuation, and Capital Management & Reporting (CM&R) team. AA&I also works with the respective Lines of Business (LoBs, which are Protection, Savings & Retirement, and Capital Solutions), and other teams across Divisional Business Services (DBS) such as Finance, Operations, and R&D.
The AA&I team for the Protection LoB comprises staff from across PL Re offices, ensuring the team possesses the local market and product knowledge necessary to fully understand the complex and diverse nature of PL Re’s global protection business. The AA&I team have ownership and understanding of the Protection LoB plan and results, explain variances, and propose inforce management actions (e.g. assumptions, reviews, recaptures, etc.). They also request model changes/updates from the Valuation and Actuarial Systems Teams, resulting from new markets, products, local regulatory changes, and play a pivotal role in future proofing the streamlined, single model approach and other process and system changes introduced as part of Project Unify.
You will be responsible for supporting the delivery of actuarial results, and ensuring accuracy and compliance of actuarial results across all accounting and statutory bases (US GAAP, IFRS 17, LAGIC, Economic Capital, and Bermuda Monetary Authority). This will include supporting capital management processes for the Pacific Life Re Australia entity. You will work closely with other members of the AA&I and Corporate Actuarial (CA) team, specifically the Valuation team, to ensure modelling processes are coordinated and carried out effectively for both Financial Reporting and Business Planning processes. You will also work closely with other functions within DBS, notably Finance to support financial reporting obligations and R&D to support the annual review and setting of valuation assumptions.
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You will have an exciting opportunity to participate in a period of genuine transformation as the benefits from Project Unify are delivered into the team. You will act as an advocate for change and foster a culture of continuous improvement around modelling processes.
Collaboration with other teams will be crucial, as you'll be responsible for preparing actuarial insights to a wide range of stakeholders across both DBS and the Protection LoB. 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.
The role does not have any direct line management responsibilities but will be responsible for providing oversight, guidance, and review of results to other members the Australia Protection AA&I team. You will work with other CA teams globally, and have the opportunity to support global alignment of processes. You will need to coordinate efforts across various time zones, and ensure effective communication within the AA&I team and with others. In addition, you will support a positive working culture and a high performing team.
Demonstrated strong technical competency and capable of effectively conveying complex information
Ability to work on own initiative and proactively manage a varied and demanding workload
Demonstrates strong leadership and people management skills
Effective communication skills, both verbal and written
Proven focus on quality, ensuring deliverables are accurate, timely 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
Leave
20+5 days of annual leave with option to buy more days
Fertility leave
Generous enhanced parental leave
Healthcare
The Company’s Group Salary Continuance Insurance (SCI)/Income Protection (IP) provides you with a continued salary, through monthly Benefit payments, in order to protect your standard of living should you be unable to work due to long term illness, injury or partial/total disability
Wellness
Subsidized gym membership
Access to Employee Assistance Program
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
Bermuda-based global life reinsurer serving insurers with protection, retirement, longevity, and capital solutions.
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Senior · 5+ years experience
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