Insurance Risk Actuary Strategic Leader
22 hours ago
Company Overview
Pacific Life Re is a leading insurer that invests in innovative talent to drive business growth and customer satisfaction. Our Enterprise Insurance Risk Management team in Toronto, ON, seeks a seasoned actuary to join our ranks.
The role requires strategic thinking and collaboration across divisions to monitor and quantify enterprise-wide insurance risk, including mortality, longevity, morbidity, policyholder behaviors, reinsurance, underwriting, etc. You will work with stakeholders and analytics practitioners to manage risks in data analytics strategy, including accelerated underwriting, assumptions development, economic capital, and emerging regulatory requirements.
Key Responsibilities:
- Collaborate with cross-functional teams to develop and maintain robust Economic Capital (EC) modeling, stress calibration, and risk aggregation.
- Act as a subject matter expert on insurance decrement assumption setting, research, and development of insurance risk quantification, including EC and Value of New Business (VNB) in pricing, valuation, and capital management.
- Develop and maintain clear documentation of the Enterprise approach to insurance risk.
- Own quarterly monitoring to provide a consolidated view of the enterprise's insurance risk exposure.
- Support the Head of Insurance Risk Analytics & Oversight, Divisional CROs, and the wider Risk function in providing effective second-line challenge and oversight through risk reviews of material transactions or significant new retail products.
Requirements:
- Bachelor's degree and Fellow of the Society of Actuaries or similar organization; advanced degree in a quantitative field preferred.
- At least 5 years of responsible actuarial experience with significant exposure to product pricing, reinsurance, and insurance risk management across retail and institutional lines of business.
- Demonstrated ability to analyze and distill emerging risk trends, effectively communicate insights, and identify potential risk mitigants.
What We Offer:
- A competitive salary range of $120,000 - $180,000 per year, depending on experience.
- An inclusive culture that values diversity and promotes work-life balance.
- Opportunities for professional growth and development, including formal and informal mentoring.
- A comprehensive benefits package, including social activities, corporate social responsibility initiatives, and lots of fun clubs to join.
Why Choose Pacific Life Re?
We are committed to building a workplace where everyone feels valued and supported. As part of our commitment to diversity and inclusion, we provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities.
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