Senior Actuary - Valuation and Projection

Pacific Asset Management, LLC; Toronto; Hybrid; CAD 100,000 - 130,000; Full time

Job summary

A leading company in the insurance sector is seeking a Senior Actuary to join their Enterprise Valuation team in Toronto. This role involves directing valuation and projection tasks, developing strategies for performance improvement, and mentoring junior professionals. Candidates should possess strong analytical skills and relevant actuarial qualifications, with a focus on collaboration and communication.

Benefits

Competitive salaries

Work-life balance

Collaborative and inclusive culture

Learning and development options

Paid Parental Leave

Qualifications

• 6+ years of actuarial experience required.
• Ability to work independently and collaboratively.
• Experience with valuation and/or projection processes.

Responsibilities

• Direct the preparation of quarterly reserve reporting.
• Lead valuation and projection enhancements.
• Communicate results to management.

Skills

Leadership

Analytical skills

Problem-solving

Communication

Education

Bachelor’s in actuarial science, finance, mathematics, or related field

FSA or FCIA

Tools

Actuarial modeling software

Job description

Senior Actuary - Valuation and Projection page is loaded

Senior Actuary - Valuation and Projection

Apply locations Toronto-40 CA time type Full time posted on Posted Yesterday job requisition id R14564

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. 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 Valuation Actuary to join our Enterprise Valuation team. The Enterprise Valuation team is responsible for all aspects of valuation and projection work across life insurance, annuities, and institutional products. This role will be based out of Toronto, Canada, and will be hybrid, eventually requiring 4 days a week in office.

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:

• Direct the timely preparation of quarterly reserve reporting and the annual statement pages, exhibits and supplements in accordance with regulatory requirements.

• Direct and perform Asset Adequacy Analysis, and Economic Value/Economic capital reporting.

• Develop and recommend strategies to address issues and improve performance related to the quarterly and annual valuation and/or projection tasks.

• Provide support for audit requests (e.g. Department of Insurance) and interface with auditors, state regulators and examiners.

• Lead valuation and projection enhancements and modifications to build and automate end-to-end processes.

• Communicate and present results to management with clarity and appropriate depth.

• Develop junior actuarial professionals by providing insight, guidance, and oversight.

• Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.

The experience you will bring:

• Bachelor’s in actuarial science, finance, mathematics, or related field, or equivalent work experience.

• FSA or FCIA with 6+ years of actuarial experience.

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

• Demonstrated leadership, organizational, and interpersonal skills.

What will make you stand out:

• Experience with valuation and/or projection processes.

• Proven experience with actuarial modeling software, Prophet is an asset.

• Highly organized and delivery-focused.

• Excellent written/verbal communication skills with the ability to present complex information in a clear and concise manner to various audiences, including senior management.

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

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

Base Pay Range:

The base pay 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. Also, most employees are eligible for additional incentive pay.

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents

• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off

• Paid Parental Leave as well as an Adoption Assistance Program

• Competitive 401k savings plan with company match and an additional contribution regardless of participation

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

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People come first here

At Pacific Life, we believe that success comes down to our people. That’s why we’re committed to embracing a flexible, diverse, and inclusive workplace where you can be your best self and do your best work. Our people-first culture creates a sense of belonging and prioritizes employee wellbeing, empowering you to achieve your full potential through our holistic health benefits, flexible working options, and a vibrant community of people working towards a shared purpose. You can connect with colleagues through employee connections groups, sharing your passions, interests, and ideas. Learn more about our Life at Pacific Life .

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