Senior Actuary, Enterprise Valuation

Job Title

Senior Actuary, Enterprise Valuation

As a Senior Actuary, you’ll play a key role in Pacific Life’s growth and long-term success by performing quarter-end calculations of balances within a GAAP accounting framework for the life insurance business.

While joining the GAAP Valuation team, you’ll collaborate across various business areas to provide effective insights and communication of GAAP net income impacts to key stakeholders.

You will fill an existing role that sits on a team of five people on the GAAP Valuation team. Your colleagues will include fellow actuaries and valuation professionals.

• This role can be based in our downtown TORONTO, ON office OR our brand-new downtown CHARLOTTE, NC office, on a dynamic and flexible 4-day pre week in-office schedule.

Responsibilities including, but not limited to:

• Support the GAAP Director in managing the quarter-end deliverables through effective tracking, delegation of tasks and resolution of issues through Azure Dev Ops project management tool.
• Leading & directing efforts to resolve issues with valuation runs.
• Perform quarterly calculations of GAAP balances for life insurance products (LFPB, DPL, DAC & URR, SOP 03-1, PFBL, PHAB, FAS
  133 reserves).
• Developing new solutions to ad-hoc/sensitivity analyses requested from other functional areas including reinsurance, plan, product design/pricing, etc.
• Serve as a subject matter expert on GAAP and how GAAP balances for life insurance products are impacted by changes in economic or business conditions.
• Perform analysis to educate senior management and other stakeholders of GAAP impacts and expectations.
• Foster the development of team members by seeking out opportunities for and providing coaching & training to other team members and engaging in regular review & feedback on team members’ work product.
• Ensure the ongoing compliance of GAAP processes with both internal and regulatory governance standards by performing testing on the valuation model and developing documentation consistent with internal MRM requirements.
• Identify and pursue opportunities to improve the current state and capabilities of GAAP metrics, analytics & insights for life insurance products
• Provide support as needed for industry-wide GAAP working group projects.
• Assist with ad-hoc projects and requests supporting the Valuation area as needed.

• FIS Prophet
• Alteryx
• R
• Tableau
• Snowflake
• MS Office
• Copilot

• 6+ years actuarial experience, with some background in a valuation function.
• Bachelor’s degree in actuarial science, mathematics, finance, economics, data science or related field.
• Fellow of the Society of Actuaries (FSA).
• Significant experience with actuarial modeling systems(i.e., Prophet).
• Familiarity with US GAAP reporting & requirements, particularly.
• Strong analytical, interpersonal, and communication skills (both verbal and written).
• Effective time management and multi-tasking skills.

• Experience with and understanding of the mechanics of life insurance products.
• Effective and clear communication of results across various stakeholders, including senior management level audiences.
• Experience with data analytic and visualization tools, such as Alteryx, R and/or Tableau.
• Experience with data management tools, such as Snowflake.

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.

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