Global Valuation Actuary - Transformation & Modelling

Pacific Life; Greater London; On-site; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Leave 25 days annual leave

Healthcare

Private insurance

Wellness program

Cycle to Work

Job summary

Pacific Life Re’s global Valuation team is responsible for the actuarial valuation of diverse lines of business and global markets. You will produce and validate outputs across multiple accounting bases and work across global CA teams to drive efficient modelling in a rapidly transforming environment.

You will oversee model inputs and testing, collaborate across regions, and contribute to continuous improvement with exposure to US GAAP LDTI, IFRS4, EC, BMA frameworks as part of a high‑performing

Qualifications

• Newly qualified actuary with minimum of 3 years’ experience in life insurance or life reinsurance.
• Experience with actuarial modelling software (Tyche preferred) and proficient with Microsoft Excel.
• Experience of challenging / improving processes and contributing to continuous improvement.
• Experience with the introduction of new processes, controls and systems.
• In‑depth understanding of the Corporate Actuarial function.
• Good knowledge of EC, BMA and/or US GAAP LDTI, including first‑hand experience of associated modelling complexities.

Responsibilities

• Produce and validate actuarial model outputs across all accounting bases (US GAAP LDTI, IFRS4, EC, BMA, US STAT) for Financial Reporting and Business Plan, across multiple legal entities.
• Handle ad‑hoc requests from other CA teams, such as modelling potential new deal structures or carrying out stress / scenario modelling runs.
• Perform controls and validations to ensure the completeness and accuracy of modelled results.
• Develop and maintain a close working relationship with other members of the global Valuation team, as well as other CA teams.
• Own model inputs, outputs and other processes related to statutory accounting bases, e.g. demographic assumptions, IBNR factors.
• Continuously improve modelling processes, including oversight of related deliverables from the Unify program.
• Specify model requirements and test new developments.
• Assist with model updates and runs on other bases as required.

Skills

Newly qualified actuary

Life insurance

Life reinsurance

Actuarial modelling

Tyche

Excel

Process improvement

Education

Actuarial qualification

Tools

Tyche

AXIS

Excel

Job description

Pacific Life Re’s global Valuation team is responsible for the actuarial valuation of diverse lines of business and global markets. You will produce and validate outputs across multiple accounting bases and work across global CA teams to drive efficient modelling in a rapidly transforming environment.

You will oversee model inputs and testing, collaborate across regions, and contribute to continuous improvement with exposure to US GAAP LDTI, IFRS4, EC, BMA frameworks as part of a high‑performing