Senior Actuary - Prophet Modeler

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

Job summary

A leading actuarial firm in Toronto is seeking a Senior Actuary - Prophet Modeler. This role involves leading model development for annuity and life products with a strong focus on Prophet. The ideal candidate has extensive actuarial experience and will thrive in a hybrid work environment, collaborating with various teams to enhance modeling capabilities.

Benefits

Competitive salaries

Work-life balance

Collaborative culture

Formal mentoring

Learning options

Qualifications

• 4+ years' actuarial experience.
• 6+ years' experience in actuarial modeling and coding.
• FSA and/or FCIA Designation.

Responsibilities

• Lead Prophet model development for various products.
• Collaborate with teams to provide modeling and reporting capabilities.
• Perform model development and testing/debugging of Prophet models.

Skills

Actuarial modeling

Problem-solving

Communication

Team collaboration

Education

Bachelor's in actuarial science or related field

Tools

Prophet

Python

SQL

Azure DevOps

JIRA

Job description

Senior Actuary - Prophet Modeler

Note: Actual title will reflect the chosen candidate's experience and exam progress. Candidates who meet most but not all requirements are encouraged to apply.

Overview

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.

We're actively seeking a talented developer to join our Inforce Modeling team within the Enterprise Actuarial Modeling function in Toronto, Canada. This role would be hybrid, eventually requiring 4 days a week in office.

Responsibilities

• As a Prophet Modeler, lead Prophet model development for all Pacific Life's products and business cases; collaborate with Pricing, Valuation, ALM, Hedging and IT infrastructure teams to provide modeling and reporting capabilities.


• Fill an existing role on a team of fourteen within the Enterprise Modeling division; collaborate with software and data engineers, data scientists and fellow actuaries.


• Work in a modeling role focused on model development for new and existing annuity, life, and institutional products.


• Perform model development and testing/debugging of Prophet models; peer review changes and act as an internal Prophet expert for colleagues.


• Proactively evaluate and recommend modeling strategies and approaches to address business needs.


• Lead model development initiatives that improve and expand existing models.


• Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes.


• Provide guidance and expertise to junior staff on methodology, model implementation, and testing/debugging to support modeling initiatives.


• Support and comply with Model Risk Management initiatives and Model Steward documentation and standards.


• Works independently, receives minimal guidance; acts as a resource for colleagues with less experience; may lead functional teams or projects.

Qualifications

• Bachelor's in actuarial science, computer science, finance, mathematics or related field.


• 4+ years' actuarial experience.


• 6+ years' experience in actuarial modeling and coding.


• FSA and/or FCIA Designation.


• Excited to work in a role that involves heavy use of Prophet in pricing, valuation and ALM modeling.


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


• Ability to work independently and collaboratively as part of a team, and to manage long-term projects.


• Detail-oriented with excellent organizational, communication, and interpersonal skills.


• Excellent analytical, problem-solving, and decision-making skills.

Preferred/What will make you stand out

• Excellent communication skill.


• Experience coding in Python, Visual Basic, and SQL.


• Experience working with Azure DevOps, JIRA, pipelines, and AWS.


• Advanced knowledge and experience in Prophet.


• Experience with Annuity, Institutional, and Life products.


• Experience with ALM/Hedging.


• CERA/CFA designation.

Benefits

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!

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

Pacific Life Re Values: view our company values.

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.

Additional Information

Pacific Life Re values diversity and inclusion in all aspects of our business. We 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.