22 Oct
|
Pacific Life Re
|
Toronto
22 Oct
Pacific Life Re
Toronto
Job TitleAVP, Actuarial Analytics & Insights, Protection
Job DescriptionThe AVP, Actuarial Analytics & Insights represents an exciting opportunity for an experienced actuary with a solid background in Protection and proven leadership capability to join the Corporate Actuarial function. The role offers a broad and challenging remit, significant exposure to senior management, and the opportunity to positively influence the future direction of the Protection line of business and wider PL Re. In addition, the role carries Appointed Actuary responsibilities for RIBM, Canada Branch, providing regulatory and professional accountability.
This role sits within the Actuarial Analytics & Insights (AA&I;), Protection team, forming part of the Corporate Actuarial (CA) function within Divisional Business Services (DBS). The successful individual will play a leading role in delivering high‑quality analysis and insights across the Protection line of business, supporting senior management decision‑making and PL Re’s strategic objectives, across multiple reporting bases and regions.
The AA&I; team are responsible for performing analysis and communicating insights in relation to both the in‑force book and new business across US GAAP, US Statutory (US STAT), IFRS 17, LIMAT, Internal Economic Capital (EC) and Bermuda Monetary Authority (BMA) reporting bases. The team’s focus is on developing a deep understanding of the balance sheets, delivering value‑add outcomes that supporting the Protection business and wider PL Re’s strategic priorities.
The team will be integral to the success of PL Re, collaborating closely with the Protection front‑office and Pricing functions.
Role Responsibilities – AVP, AA&I;
An active role within the AA&I;, Protection leadership team, contributing to explicit direction, effective communication and high standards of technical quality, delivery and culture. This includes supporting agreed accountabilities, roles and responsibilities.
Line management responsibilities as per the organization chart, providing support through managing, coaching and developing so that individual, team and company goals are met.
Responsible for the production, analysis and explanation of financial results including:
Support VP in developing and communicating the financial results to senior stakeholders.
Support the understanding of the dynamics of the financial results, through forward looking scenarios and sensitivities.
Clear explanation, insights and proposing of management actions, relating to results and balance sheets of Protection
Deliver robust and insightful Strategic Planning output, in line with Strategic direction set out by the Global Protection Executive Committee
Work closely with regional AA&I; counterparts to support increased global consistency and alignment for the Protection line of business
Maintain effective co‑ordination with other teams within CA and also cross‑functionally, contributing to effective end‑to‑end collaboration and escalation of any emerging issues or opportunities.
Ensure team awareness of potential new business developments and proactively engage with Protection and other parts of DBS to ensure preparedness. To include:
Explore and agree the appropriate capital/regulatory treatment of new Protection initiatives.
Understanding of Accounting treatment, including supporting any Technical Accounting preparations.
Ensure operational readiness in relation to items such as models, processes & controls.
Role Responsibilities – Appointed Actuary, RIBM Canada Branch
Act as Appointed Actuary for the Branch, providing independent actuarial oversight in line with local standards of practice and regulatory requirements.
Maintain oversight of valuation, assumptions, stress testing and capital position, ensuring compliance with internal targets and regulatory expectations.
Review and approve actuarial inputs to pricing and new business, including best estimate assumptions and terms of trade, as required.
Prepare the annual Appointed Actuary Report and review regulatory and year‑end filings for the Branch.
Contribute to effective governance through participation in the Branch Management Committee and engagement with regulators and industry bodies, as appropriate.
Skills & Experience
FCIA with at least 10 years post‑FSA experience and a minimum of 3 years appropriate Canadian practical experience (incl. minimum of 1-year performing Canadian valuation and FCT of an insurance company with similar lines of business)
Excellent understanding of Protection, life insurance and reinsurance market across Canadian and US markets
Demonstratable experience of leading a team, with
📌 Avp, Actuarial Analytics (Toronto)
🏢 Pacific Life Re
📍 Toronto