R&D Actuary

Job Title

Job Description

Working with the AVP R&D, Australia this role will be responsible for actuarial research and development for the Protection business written in Australia by Pacific Life Re Australia (“PLRe Aus”), as well as Income Protection business written in other regions by Pacific Life Re. 

The purpose of the R&D function is to deliver cutting edge R&D that quantifies existing & future risks effectively to add material business value, and as part of the R&D Australia team you will play an important role in achieving this by materially contributing to a range of activities.  These include setting terms of trade, conducting experience analyses and calibrating risk distributions using superior data analytics techniques and novel data sets to deliver sustainable competitive advantage.

You will work with other teams (Claims, Pricing, Underwriting, Client Solutions, Strategic Analytics) and conduct actuarial research projects across all the company’s current and planned product lines:  mortality, TPD, trauma, income protection, within both the group and retail markets, as well as income protection products for other regions.

You will also work with R&D teams in other regions to support the development and maintenance of global frameworks, processes and best practice approaches.

You’ll be working in a company that values your technical skills, the innovative ideas and solutions you bring into the work you do, and your ability to communicate those ideas effectively. 

R&D Actuary Responsibilities
•    Materially contributes to the development and production of experience studies across the company’s in-force treaties by extracting, manipulating and analysing data alongside making basis recommendations and presenting in Committees
•    Materially contributes to the development of both Terms of Trade and Quantifying Insurance Risk assumptions through the regular maintenance and development of vital data, model production and cutting-edge innovation
•    Effectively coaches junior team members and provides training to other team members
•    Produces well written reports and documentation without supervision and reviews work from junior colleagues
•    Excellent knowledge of guidelines and policies, ensuring that they are adhered to
•    Constructively challenges current practices and continuously improves processes and documentation
•    Highly effective communication skills, ensuring appropriate stakeholder management within the R&D team and reporting to key stakeholders across the company
•    Has a wide understanding of the markets that the business operates in and the risks to which it is exposed and the models we use to develop assumptions as well as an appreciation of the competitive position and business strategy

Qualifications & Experience

Essential:
•    FIAA or equivalent status
•    3+ years’ experience in roles involving actuarial experience analysis (e.g. pricing, research, or annual experience investigations)
•    Strong understanding of actuarial principles and processes
•    Strong analytical and communication skills
•    Places a high value on innovation and continuous improvement
•    Enthusiastic, with a keen drive and focus
•    Business awareness
•    Good organisational skills

Desirable:
•    Experience in systems such as SQL, Tableau, R, and Python
•    Experience/knowledge of actuarial techniques such as Generalised Linear Models and Survival Models
•    Experience/knowledge of machine learning techniques and data science
•    Previous work history based in life insurance, particularly individual risk portfolios
 

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

• Group Income Protection

• SubsidisedGym Membership

• Employee Assistance Program (Access EAP)

• Australian Super

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

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