Senior Actuary - Life & Annuities Experience Studies

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Senior Actuary to join our Life & Annuities Experience Studies team in Toronto, Canada. This role would be hybrid, eventually requiring 4 days per week in office.

How you will make an impact:

• Lead the preparation of experience studies for assumption setting and present findings to working groups and senior management committees.

• Bring new emerging tools and analysis techniques such as predictive analytics, artificial intelligence, and machine learning into the development of experience studies.

• Provides technical expertise while considering modeling capabilities and potential downstream impacts. Strives for a harmonious balance between addressing business complexities and simplifying the implementation process.

• Provide expertise and insights into the Product Strategy, particularly as the company explores innovative new product types and new market opportunities. Recognize the sensitivity of assumptions and potential impact on financial statements.

• Build strong relationships with key stakeholders to ensure assumption approval and successful implementation. 

• Create experience monitoring dashboards at the right granularity to report key insights and emerging trends to senior management. Implements process improvements, automation, and efficiencies where applicable.

• Work with external consultants to gather external industry data in order to validate assumptions and benchmark against competitors. 

• Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.

• Provide leadership, guidance, and effective coaching to junior team members, if applicable.

The experience you will bring:

• Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Data Science, other related fields.

• Has an FCIA or FSA designation.

• Excellent written/verbal communication and leadership skills. Ability to present complex information in a clear and concise manner to various audiences, including senior management.

• Strong organizational, time management, and interpersonal skills.

• Ability to work collaboratively as part of a team.

What will make you stand out:

• Working knowledge of life & annuity insurance products and experience studies.

• Experience with statistical computing software (e.g. R, Python, SQL).

• Experience working with large data sets (e.g., Alteryx, Snowflake) and data visualization software (e.g. Tableau).

• Self-starter with ability to develop solutions by collaborating with multiple business partners.  

Canadian benefits in our Toronto office start Day 1 and include:

• 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!

#LI-JF1

Base Pay Range:

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

Your Benefits Start Day 1  
 

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents

• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off

• Paid Parental Leave as well as an Adoption Assistance Program

• Competitive 401k savings plan with company match and an additional contribution regardless of participation

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.