Actuarial Manager (FSA) - Life Projections

Pacific Life Re • Toronto, ON

3d • CA$143,100 - CA$166,950 • Hybrid

About The Position

Pacific Life is seeking a talented senior-level Actuary to join their Enterprise Actuarial Life Projections Team. This role is hybrid, with 4 days on-site and 1 day remote in Toronto, ON. As a senior Actuary, you will play a key role in the company's growth and long-term success, focusing on Economic Value/Economic Capital and Cash Flow Testing projections for life insurance products. You will be accountable to the Corporate Appointed Actuary and Valuation Actuary for Asset Adequacy Analysis results.

Requirements

• Bachelor's in actuarial science, finance, mathematics or related field or equivalent work experience.
• FSA with 6+ years actuarial experience
• Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
• Demonstrated leadership, organizational, and interpersonal skills
• Judgement, resourcefulness, and ability to distill complicated issues into something more manageable.
• Excellent written/verbal communication skills with the ability to present complex information in a clear and concise manner to various audiences, including senior management.
• Excellent analytical, problem-solving, and decision-making skills
• Solid experience with actuarial modeling software

Nice To Haves

• MG-ALFA or Prophet a plus.
• Previous experience managing/coaching junior staff.
• Working knowledge of life insurance products.
• Highly organized and delivery focused.

Responsibilities

• Support Economic Valuation/Economic Capital calculations as part of the enterprise economic framework.
• Support Asset Adequacy Analysis including Cash Flow Testing projections, preparation of the Actuarial Opinion and Memorandum for multiple legal entities.
• Support other regulatory projection requirements including AG38 8C, RBC C3P1, etc.
• Provide support for audit requests and interface with auditors, state regulators and examiners as necessary.
• Oversee the model input data management including the inforce liability data, the inforce asset data and the economic scenarios.
• Support finance transformation projects, including Prophet implementation.
• Support and comply with all Model Risk Management initiatives and standards, including model risk, model documentation, and other best practices guidelines.
• Develop analytic tools to help explain the modeled results and movement from prior periods.
• Implement process improvements, automation, and efficiencies where applicable.
• Develop junior actuarial professionals by providing insight, guidance and oversight. This includes setting and communicating clear objectives and expectations, providing stretch assignments based on their skills, providing knowledge transfer, coaching and support.
• Communicate effectively with various audiences and be able to explain complex modeling issues in language appropriate for the audience. This ranges from teaching new hires to presenting to senior management.
• Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.

Benefits

• 23 days of annual leave (Regular employees) with option to buy or sell more days
• Fertility leave
• Generous parental leave
• Group Life Insurance and Accidental Death & Dismemberment coverage for all permanent employees
• Dental & Optical benefits
• RRSP: company-matched contributions
• Employee and Family Assistance Program
• Subsidized gym membership
• Time off for volunteering
• Charitable matching of employee donations

What This Job Offers

• Job Type: Full-time
• Career Level: Senior