Actuary, R&D (12-month Fixed term contract)

Pacific Asset Management, LLC; Toronto; On-site; CAD 128,000 - 149,000; Full time

Benefits offered by this job

23 days annual leave

Healthcare & life insurance

Company RRSP matching

Gym membership

Volunteer days

Job summary

Pacific Life Re in Toronto seeks an Actuary specialized in R&D with a strong statistical modelling background to design, develop and maintain a Global Capital Assumptions Framework for quantifying insurance risk across multiple lines of business.

The role focuses on statistical research, model development and simulation-based calibration, with exposure to global markets and collaboration with senior stakeholders. Fellowship in IFoA/SOA, strong R and actuarial training are preferred.

Qualifications

• Strong statistical modelling and simulation-based approaches.
• Hands-on experience in R with transparent, reproducible models.
• Excellent communication and ability to present complex concepts clearly.

Responsibilities

• Design, production and maintenance of a Global Capital Assumptions Framework for insurance risk quantification.
• Engage with stakeholders across functions to translate research outputs into practical capital assumptions.
• Develop and validate models using large datasets and simulation techniques.

Skills

Statistical modelling

R programming

Communication

Independent work

Education

Fellow of IFoA or SOA

Tools

R

Job description

Job Title

Actuary, R&D (12-month Fixed term contract)

Job Description

About the Role: This role is particularly suited to candidates with strong statistical backgrounds looking to apply advanced modelling techniques within an actuarial context. This role will focus on supporting the design, production, and maintenance of a Global Capital Assumptions Framework for quantifying insurance risk for Economic Capital across Pacific Life Re. The framework will ultimately cover all lines of business, i.e. Mortality, Morbidity, Longevity and Capital Solutions. The framework will include appropriate centralization, cutting edge design and methodologies, support for market entry and a target operating model that ensures efficiency of maintenance and growth. The ideal candidate will bring creativity and innovation skills, along with the confidence and resilience to tackle complex problems. A core component of the role will involve statistical research, model development and simulation-based approaches to risk calibration. We expect the candidate to bring a strong statistical modelling background, coupled with actuarial training, and will be comfortable working with large datasets, developing and validating models, and translating research outputs into practical capital assumptions used across the business. The role offers exposure to a range of global markets and a variety of experts and senior stakeholders across functions, as well as to a range of data sources and methodologies.

Desirable Qualifications & Experience

• Qualified Fellow of the Institute and Faculty of Actuaries (IFoA) or Society of Actuaries (or similar)
• Strong statistical skills, with hands-on experience in statistical modelling and simulation-based approaches
• Strong programming capability is essential, particularly in R, with experience building transparent, reproducible analytical models
• Experience applying quantitative or actuarial techniques to insurance risk, capital, or pricing problems
• Excellent communication and organizational skills, with the ability to present complex statistical concepts clearly to technical and non-technical stakeholders
• Ability to work independently while collaborating effectively within a flexible, dynamic team

Salary Range

$127,800 - $149, 100

Compensation Range

The compensation 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.

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. 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

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

Diversity and Inclusion

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 Values

Please click here to view our company values

Use of AI

As part of our commitment to a fair and efficient hiring experience, we want to inform you that we may use artificial intelligence (AI) tools to assist in reviewing resumes, and during the assessment process, including through platforms like HireVue. These tools help us identify relevant qualifications and streamline evaluations, but final decisions are always made by our hiring team.

Vision

At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible. Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda. With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop.