Manager, Corporate Actuarial

Job Title

Manager, Corporate Actuarial

Job Description
Purpose of Role

To oversee the actuarial valuation and reporting activities for all Canadian and overseas business in PL Re NA.

Job Responsibilities

Canada Branch management responsibilities:

• Keep current on actuarial standards of practice and regulatory requirements in Canada.
• Lead the development of the annual FCT as required by the Branch's stress-testing policy.
• Contribute to the Business Plan for the Branch.
• Contribute to the Capital Plan for the Branch, including regular assessment of the local solvency ratios.
• Contribute to the discussion on the Branch's new business offers.
• Engage in discussions on best estimate assumptions and IFRS 17 methodologies for the Branch.

Canadian Statutory Valuation and Reporting:

• Direct the team to determine quarterly reserves and capital requirements and capital ratios (IFRS 17 reporting and LIMAT).
• Create the quarterly analysis of surplus emergence and quarterly regulatory filings.
• Coordinate with the AA and work with the team to prepare annual Appointed Actuary Report and review various other year-end regulatory filings.
• Review and validate the implementation of annual assumptions change and other methodology refinements.
• Review and validate the results of valuation models for current year's new business.
• Review and validate the periodic updates to policy inforce data (currently AXIS valuation extract for Protection and Tyche valuation extract for longevity).

Quarterly Reporting - Other Bases:

• Valuation bases include EC/BMA, US GAAP, US Statutory and US Tax.
• Review and analyze the quarterly results for the Canadian and Overseas business on US GAAP, EC/BMA bases.
• Oversee the inputs to quarterly regulatory filings.

Manage the Canada team:

• Train and coach direct report(s).
• Work with the AVP to create a strong team environment.
• Work with the AVP to create a development plan for each team member.

Qualifications:

• FSA, FCIA or equivalent.
• At least 5 years of experience with life and health reinsurance and insurance products.
• Excellent understanding of Canadian and US actuarial methods and principles.
• Strong understanding of the regulatory environment.
• Enthusiasm to manage team members to give them the best opportunity to succeed.
• Knowledge of an actuarial software.

Behaviours:

• Demonstrates an appropriate level of technical skills for their role and an appreciation of current issues affecting the actuarial profession and the life reinsurance industry.
• Takes responsibility for quality, completeness and accuracy of work.
• Critically evaluates and challenges current work practices.
• Participates actively in meetings, has 'meeting presence'.
• Shows initiative, flexibility and resourcefulness.
• Able to deal with challenging deadlines and prioritizes effectively.
• Provides accurate and timely updates on status of work and escalates issues appropriately.
• Is a committed team member who shares information, knowledge, and experience openly.
• Communicates in a clear and practical manner both verbally and in writing.

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. 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
Competitive salaries
Work-life balance
Collaborative and inclusive culture
Social activities and events
Formal and informal mentoring
Learning and development options
Corporate Social Responsibility initiatives
Lots of fun clubs to join!

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 Principles and Behaviours

Please click here to view our company principles and behaviours