Actuarial Analytics & Insights Manager: Transformation Lead

Pacific Life Re; Sydney; On-site; AUD 170,000 - 250,000; Full time

Benefits offered by this job

Annual Leave

Fertility Leave

Parental Leave

Group Income Protection

Gym Membership

Employee Assistance

Volunteer Time Off

Charitable Matching

Job summary

Pacific Life Re in Sydney seeks a Manager, Actuarial Analytics & Insights for the Protection line to lead the delivery of actuarial results across US GAAP, IFRS 17 and related bases.

You will collaborate with CA, DBS and LoBs, drive process improvements, and mentor the Australia AA&I team through Project Unify.

The role offers an opportunity to shape valuation methodologies and support capital management within a global reinsurer.

Qualifications

• Qualified actuary with minimum of 5 years’ experience in life insurance or life reinsurance. Preferably with some experience in valuation roles.
• Track record of challenging / improving processes and fostering a culture of continuous improvement.
• Experience with actuarial modelling software and proficient with Microsoft Excel.
• Experience overseeing change and the introduction of new processes, controls and systems.
• In-depth understanding of the CA function.
• Good knowledge of IFRS17 and LAGIC, including first-hand experience of associated modelling complexities. Preferably experience with US GAAP.
• Team management / coaching experience preferred.

Responsibilities

• Interpret, analyse and summarise actuarial model outputs across all statutory accounting bases (US GAAP, IFRS17, LAGIC, EC, BMA) for Financial Reporting and Business Plan, for the Pacific Life Re Australia entity. This includes outputs required for stress / scenario modelling.
• Support capital management processes for the Pacific Life Re Australia entity, including annual calibration of internal target surplus and update of key annual actuarial reports including the ICAAP, AVR and FCR
• Support development of actuarial methodology across all reporting bases, including for potential new deals or changes to existing structures (e.g. on retrocession arrangements)
• Produce controls and validation reports to ensure the completeness and accuracy of actuarial results
• Oversee, provide guidance and review of results from other members of the Australia AA&I function
• Develop and maintain a close working relationship with other CA teams and DBS functions
• Support financial impact assessment and analysis associated with changes to actuarial assumptions (e.g. demographic assumptions, IBNR factors)
• Contribute to the continuous improvement mindset for systems and processes, including testing and implementation of related deliverables from the Project Unify programme.
• Specify actuarial model requirements for new developments required and support any testing and analysis of financial results from model updates

Skills

Actuarial qualification

Process improvement

Actuarial modelling software

Excel

CA function knowledge

Leadership / coaching

Tools

Excel

Job description

Pacific Life Re in Sydney seeks a Manager, Actuarial Analytics & Insights for the Protection line to lead the delivery of actuarial results across US GAAP, IFRS 17 and related bases.

You will collaborate with CA, DBS and LoBs, drive process improvements, and mentor the Australia AA&I team through Project Unify.

The role offers an opportunity to shape valuation methodologies and support capital management within a global reinsurer.