Job Title Actuarial Manager

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 are actively seeking a talented Actuarial Manager, to join our Enterprise Valuation team in Toronto, ON. This role follows a hybrid schedule.

As an Actuarial Manager , you’ll play a key role in Pacific Life’s growth and long-term success by performing quarter-end calculations of balances with a GAAP accounting framework for the life insurance business. Collaborating across various business areas to provide effective insights and communication of GAAP net income impacts to key stakeholders.

How you will make an impact: Support the GAAP Director in managing the quarter-end deliverables through effective tracking, delegation of tasks and resolution of issues

Perform quarterly calculations of GAAP balances for life insurance products (LFPB, DPL, DAC & URR, SOP 03-1, PFBL, PHAB, FAS133 reserves).

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 through robust controls and documentation

Serve as one of the main point of contact for internal and external audit requests

Identify and pursue opportunities to improve the current state and capabilities of GAAP metrics, analytics & insights for life insurance products, including the exploration of the application of AI.

Developing new solutions to ad-hoc/sensitivity analyses requested from other functional areas including reinsurance, plan, product design/pricing, etc. Provide support as needed for industry-wide GAAP working group projects.

Assist with ad-hoc projects and requests supporting the Valuation area as needed.

The experience you will bring: Bachelor’s degree in actuarial science, Mathematics, Finance, Economics, Data Science or related field

Fellow of the Society of Actuaries (FSA) designation required · Strong analytical, interpersonal, and communication skills (both verbal and written)

Effective time management and multi-tasking skills

What will make you stand out: 6+ years' actuarial experience

Experience with actuarial modeling systems such as FIS Prophet

Experience with actuarial transformation or modernization initiatives

Effective and clear communication of results across various stakeholders, including senior management level audiences

Familiarity with US GAAP and/or Targeted Improvements requirements

Prior valuation experience

LI-PC1

$143,100.00 - $166,.950.00 CAD

• Works independently, receives minimal guidance.
• Acts as a resource for colleagues with less experience.
• May lead functional teams or projects.

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. 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 (Regular employees) with option to buy or sell more days

Fertility leave

Generous parental leave

Healthcare

Group Life Insurance and Accidental Death & Dismemberment coverage for all permanent employees

Dental & Optical benefits

Savings & Retirement

**RRSP:**company-matched contributions

Wellness

Employee and Family Assistance Program

Subsidized gym membership

Time off for volunteering

Charitable matching of employee donations

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

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