Job Title
Actuary, Assumption Development, R&D
Job Description
Actuary, Assumption Development, R&D
We are a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a mutual insurance group. Fuelled by our pursuit of excellence and a quest to innovate, we’re proud to do things differently. Our people are not afraid to disrupt and challenge industry thinking and provide the best protection, savings and retirement reinsurance products and services possible.
Role Overview
We have an exciting opportunity for a nearly or qualified actuary ideally with experience in assumption setting or experience analysis to join the R&D team. This is an exciting time to join as we expand into new markets and strengthen our presence in existing ones across Europe and North America.
In this role, you'll work across both Longevity and Protection markets, giving you diverse exposure and the opportunity to make a real impact. You'll contribute to developing the actuarial bases that set our best estimate assumptions — guiding work from initial data analysis through model fitting, validation, and final approval. Previous experience with actuarial techniques like Generalised Linear Models and Survival models would be an advantage.
You will work closely with other teams including:
R&D teams across multiple geographies, including Medical Analytics and Strategic Analytics, our internal teams of experts providing insights into emerging medical advances and of data scientists and engineers respectively
Savings and Retirement and Protection teams inside the Reinsurance Division to support on Pricing and Product developments and to ensure that the assumptions developed meet their needs.
How You’ll Help Move Us Forward
Contribute to the development of market-leading assumptions by sourcing data, building models, and bringing innovative approaches to assumption setting
Provide robust challenge to assumptions and approaches adopted by Pricing.
Build effective working relationships with stakeholders across the company, to support alignment and understanding of technical recommendations
Support actuarial research initiatives, including contributing to internal analysis, thought-leadership work, and engagement with academic partners.
Provide guidance and mentoring within the R&D team, supporting the development for junior team members
Skills & Experience
Nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries or Society of Actuaries or other similar organisation
Strong analytical skills and problem-solving abilities
Uses structured reasoning to solve straightforward problems, and contributes to more complex decisions by identifying options and evaluating trade-offs
Applies judgement to deliver in new or evolving areas, with support where needed
An understanding of one or more of the markets we operate in (Longevity or Protection reinsurance)
Familiarity of experience studies, trend modelling, and pricing within the life insurance industry (including reinsurers, insurers and consultancy)
Competent in using programming languages (e.g. SQL, R or Tyche)
Knowledge of actuarial techniques such as Generalized Linear Models and Survival Models
Places a high value on innovation and continuous improvement
Ability to collaborate with strong team-working and interpersonal skills
Experience in presenting to varied audiences on technical topics to gain approval
Ability to work independently and lead on the work
Organised and deadline focussed
We know strong candidates may not meet every point listed above. If this role feels like a good fit for your experience and strengths, we’d encourage you to apply.
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…