Senior Actuary - Prophet Modeler

Pacific RE; Toronto; Hybrid; CAD 100,000 - 130,000; Full time

Job summary

A global actuarial company in Toronto is looking for a Senior Actuary - Prophet Modeler to join their Inforce Modeling team. The role involves leading Prophet model development, collaborating with various teams, and bringing experience in actuarial modeling. Candidates should have a strong actuarial background and communication skills. A hybrid work model is offered with competitive Canadian benefits.

Benefits

Competitive salaries

Work-life balance

Collaborative culture

Learning and development options

Corporate Social Responsibility initiatives

Qualifications

• 4+ years’ actuarial experience.
• 6+ years’ experience in actuarial modeling and coding.
• Self-starter with ability to develop solutions by collaborating with multiple business partners.

Responsibilities

• Lead Prophet model development for products.
• Collaborate with teams to provide innovative modeling and reporting capabilities.
• Support Model Risk Management initiatives.

Skills

Prophet modeling

Python coding

SQL

Analytical skills

Problem-solving

Education

Bachelor’s in actuarial science

FSA and/or FCIA Designation

Tools

Azure DevOps

JIRA

AWS

Job description

Job Title

Senior Actuary - Prophet Modeler

Job Description

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. 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.

As a Prophet Modeler, you’ll move Pacific Life, and your career, forward by leading Prophet model development for all Pacific Life’s products and business cases. You will collaborate with Pricing, Valuation, ALM, Hedging and IT infrastructure teams to provide innovative modeling and reporting capabilities. You will fill an existing role that sits on a team of fourteen people in the Enterprise Modeling division. Your colleagues will include software and data engineers, data scientists and fellow actuarial professionals.

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.

How you will make an impact:

• 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 made by other team members and act as an internal Prophet expert for your colleagues.
• Proactively evaluate and recommend modeling strategies and potential approaches to find solutions that best 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 all Model Risk Management initiatives and Model Steward documentation and standards.

The experience you will bring:

• 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 context of 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.

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.

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!

#LI-JF1

-Works independently, receives minimal guidance. -Acts as a resource for colleagues with less experience. -May lead functional teams or projects.

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

Please click here to view our company values