AVP, Corporate Actuarial, Valuation; S&R and Consolidation

AVP, Corporate Actuarial, Valuation (S&R and Consolidation)

The Global Valuation team at Pacific Life Re is responsible for the actuarial valuation of our diverse lines of business across multiple markets and legal entities. The team produces and validates actuarial results supporting financial reporting, business planning and capital management processes, working closely with stakeholders across Corporate Actuarial, Operations, Finance, R&D, and Pricing.

The team is at the centre of an exciting transformation journey, driven by Project Unify and continued investment in actuarial systems, data and processes. Working closely with our Actuarial Systems team, we are transforming the way actuarial reporting is delivered through greater automation, improved controls and more efficient processes, making this an exciting time to join a growing global function.

You will lead the Savings & Retirement ("S&R") and Consolidation sub-teams within Global Valuation, with responsibility for the execution of valuation processes supporting the S&R line of business and consolidated reporting activities. You will be accountable for the delivery of quarterly and ad hoc actuarial outputs, ensuring results are produced accurately, on time and in accordance with the required control framework.

Working closely with the New Business and Actuarial Analytics & Insights teams, you will act as a key valuation stakeholder for new business transactions, providing technical input on valuation requirements, operational readiness and model implementation considerations. You will support the onboarding of new business into valuation processes and provide specialist support for particularly complex or novel transactions where additional valuation expertise is required.

Alongside S&R responsibilities, you will oversee the Consolidation team, ensuring the production and validation of actuarial results supporting Economic Capital and Bermuda reporting processes.

As a member of the Global Valuation leadership team, you will contribute to the continued development of the team and help promote a positive and collaborative culture within the London office. You will also play a key role in driving process improvements, supporting model and reporting transformation initiatives, and overseeing the transition of asset modelling activities into Global Valuation.

• People management and leadership of the S&R and Consolidation sub-teams.
• Provide technical actuarial input into new business opportunities, supporting the assessment of deal structures and their implications for valuation processes.
• Provide valuation expertise to support the implementation of new and novel S&R transactions, ensuring appropriate modelling solutions, controls and processes are established.
• Oversee the production and validation of actuarial results across various reporting bases (EC, BMA, US GAAP, IFRS4, IFRS
  17) for financial reporting and planning purposes.
• Oversee the execution and validation of actuarial model runs supporting stress testing, scenario analysis, in-force management and other ad-hoc business requirements.
• Oversee the transition and ongoing management of asset modelling activities within Global Valuation.
• Ensure robust controls and validation processes are maintained to support accurate and reliable actuarial outputs.
• Develop and maintain strong working relationships with other Corporate Actuarial teams, facilitating model run requests, technical queries and model enhancements.
• Drive continuous improvement of valuation processes and support delivery of strategic transformation initiatives, including Project Unify and ongoing Tyche development.
• Specify model requirements, support testing activities and provide business leadership for model developments.

• Qualified actuary with a minimum of 5 years' post-qualified experience in life insurance or life reinsurance.
• Experience of pension risk transfer, annuity or other Savings & Retirement business.
• Strong understanding of asset and liability interactions within actuarial modelling frameworks.
• Experience providing actuarial support for new business transactions, including assessment, implementation and ongoing reporting considerations.
• Team leadership and coaching experience, with a track record of developing capability, fostering engagement and building high-performing teams.
• Track record of improving processes and driving a culture of continuous improvement.
• Experience…