Senior Actuary - Life & Annuities Experience Studies

Pacific RE; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

A leading insurance provider in Toronto is seeking a Senior Actuary to enhance their Life & Annuities Experience Studies team. The ideal candidate will lead the preparation of experience studies and bring innovative tools into the analysis process. Requirements include a Bachelor's degree in a related field and actuarial designation. The position offers competitive salaries, work-life balance, and a collaborative culture, requiring a hybrid work approach with 4 days in office.

Benefits

Competitive salaries

Work-life balance

Collaborative and inclusive culture

Learning and development options

Corporate Social Responsibility initiatives

Qualifications

• Experience with life & annuity insurance products and experience studies.
• Ability to present complex information clearly to senior management.
• Experience working with large data sets and data visualization software.

Responsibilities

• Lead the preparation of experience studies for assumption setting.
• Bring new analytical tools into the development of experience studies.
• Provide leadership and coaching to junior team members.

Skills

Excellent written/verbal communication and leadership skills

Strong organizational and time management skills

Ability to work collaboratively as part of a team

Education

Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Data Science

FCIA or FSA designation, or nearing designation

Tools

R

Python

SQL

Tableau

Alteryx

Snowflake

Job description

Senior Actuary - Life & Annuities Experience Studies

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, or are nearing designation.

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

• 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

• 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.

Benefits

• 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!

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

-Works independently, receives minimal guidance.

-Acts as a resource for colleagues with less experience.

-May lead functional teams or projects.