Actuary, Research & Development

Pacific Life Re; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A global insurance firm in Toronto is seeking an Actuary for their Research & Development team. This role focuses on experience analysis and requires a qualified Actuary with at least 2 years of experience in life (re)insurance. Key responsibilities include developing global standards for experience analysis and conducting analysis for the North American region. The firm values work-life balance and offers various employee benefits.

Benefits

23 days of annual leave

Generous parental leave

Subsidized gym membership

Charitable matching of employee donations

Qualifications

• Minimum of 2 years’ experience in life (re)insurance.
• Strong understanding of actuarial principles and processes.
• Ability to visualize complex data to identify trends.

Responsibilities

• Develop and maintain global standards for experience analysis.
• Support R&D initiatives within global projects.
• Conduct experience analysis for the North American region.

Skills

Actuarial principles

Analytical skills

Communication skills

Data visualization

Education

Qualified or nearly qualified Actuary

Tools

Excel

SQL

R

Tableau

Job description

Overview

Job Title

Actuary, Research & Development

Job Description

The Role

We are seeking a highly motivated and analytical actuarial professional to join our Research & Development team, with a focus on experience analysis. This role will contribute to three key initiatives that are shaping the future of how we conduct and standardize experience studies across the organization:

• The development and maintenance of global methodologies and processes for experience analysis and assumption setting across the Division.
• The implementation of a global division-wide tool by providing actuarial requirements and ensuring alignment with divisional best practices.
• The global back-office transformation project.

The successful candidate will conduct experience analysis for the North American region, while contributing to the broader transformation toward a globally consistent and centralized approach.

How you’ll help move us forward:

• Develop and maintain global standardsfor experience analysis, including methodologies and processes, in collaboration with divisional and enterprise stakeholders.

• Support the R&D initiatives within global projects, working cross-functionally with Corporate Actuarial, Finance, and Operations.

• Support the building of the global experience analysis toolby contributing to requirement gathering, model design input, and testing activities to ensure alignment with actuarial standards and business needs.

• Conduct experience analysis for the North American region, delivering high-quality insights and supporting the transition to globally consistent practices.

• Support the development and implementation of enterprise-wide assumption governance frameworks, ensuring consistency, transparency, and alignment with risk and regulatory expectations.

• Maintain model risk awarenessby identifying potential risks in experience analysis processes and supporting mitigation strategies in collaboration with risk and governance teams.

Qualifications & Experience:

• Qualified or nearly qualified Actuary with a minimum of 2 years’ experience in life (re)insurance.
• Strong understanding of actuarial principles and processes.
• Awareness of systems including Excel, SQL, R, Tableau.
• Strong analytical skills, combined with sound judgement and commercial awareness.
• Knowledge and appreciation of modern techniques used to develop experience studies, generate insight and basis development.
• Ability to visualize complex data to identify trends.
• Strong communication and presentation skills.
• Direct or indirect global market experience and knowledge: culture, legislation, regulations, commercial practices.

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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

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

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