Analyst, Valuation

Job Title

Job Description

The Team

The newly formed global Valuation team at Pacific Life Re is responsible for the actuarial valuation of our diverse lines of business and global markets. The team will run and validate our integrated Tyche models to deliver insights across PL Re. They will support our long-term growth by implementing new business, continuously improving processes and specifying and testing future model changes, working closely with our Actuarial Systems Team who develop and maintain the models. The team will be a key part of PL Re's Divisional Business Services, interacting with CA teams, Operations, Finance, R&D, and Pricing.

Our actuarial models are vital to the way we run our business, and the Valuation team will provide crucial insights across Financial Reporting, Business Planning and other processes. The team is at the start of an exciting transformation journey, driven by project Unify, towards more automated and efficient processes, making this an exciting time to join a new global team.

The Role

This role offers a unique opportunity to contribute to new business modelling within Corporate Actuarial across our global lines of business. Reporting to the Manager, New Business, you will be support with new treaty implementations and stay informed of new business developments to ensure that our modelling approaches and processes keep pace with our growing business.

You will also assist in the improvement of processes around implementations and help embed changes delivered through the Unify program. This includes supporting with the delivery of the global 'Tiering' framework and any exceptions to the framework.

This cross-functional role requires collaboration with a wide variety of stakeholders, including our Operations and Line of Business front-office teams, as well as the wider CA function.

You will work collaboratively within the New Business team, supporting effective communication with various teams, and with other members of the Valuation team. You will help support a positive working culture and a high performing team.

Role Responsibilities

• Collaborate within the New Business sub-team, supporting the Manager and other team members as required.
• Assist with implementation of new treaties and historical unimplemented treaties
• Assist in embedding and improving the global control framework for implementations
• Liaise with our Operations teams regarding the provision of valuation extracts
• Liaise with our Pricing teams regarding the handover of information for new treaty implementations
• Contribute to the continuous improvement of implementation processes
• Assist in specifying model requirements and testing new developments related to new treaty implementations
• Support with the implementation of our cross-functional 'Tiering' framework
• Help maintain key CA data policies
• Assist other sub-teams with model updates and runs as required

Skills & Experience

• Recent graduate or part-qualified actuary with up to 2 years' experience in life insurance or life reinsurance
• Strong analytical and problem-solving skills
• Ability to work collaboratively in teams
• Willingness to challenge and improve processes, with a focus on continuous improvement
• Willingness to learn actuarial modelling software and proficiency in Microsoft Excel.
• Ability to manage own workload with guidance and support

Competencies and Behaviours

• Proactive and willing to take initiative in learning and contributing
• Strong communication skills, both verbal and written, with a range of stakeholders
• Focus on delivering quality work and learning from feedback
• Ability to understand and apply new concepts quickly, showing initiative, flexibility, and resourcefulness
• Adaptability to change to evolving environments
• Pragmatic, able to balance accuracy with effort
• Willingness to challenge the status quo

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. Of course, we take our work seriously and we know our team can operate under great pressure. 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 with option to buy/sell more days

• Adoption and fertility leave 

• Generous enhanced parental leave  

Healthcare

• Comprehensive private insurance coverage for employee and dependents

• Group Term Life Insurance coverage of 5x basic annual salary, Group Accelerated CI of 1x annual basic salary and Group Accidental Death & Dismemberment of 3x annual basic salary 

• Optical & Dental benefits 

• Additional flexi benefits

Wellness

• Access to Employee Assistance Program 

• 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