Senior Analyst, Valuation - Part-Time

The Team

The global Valuation team at Pacific Life Re is responsible for the actuarial valuation of our diverse lines of business and global markets. The team runs and validates our integrated Tyche models to deliver insights across PL Re. They support our long-term growth by implementing new business, continuously improving processes and specifying and testing future model changes, working closely with our Actuarial Systems Team who develop and maintain the models. The team will be a key part of PL Re’s Divisional Business Services, interacting with CA teams, Operations, Finance, R&D, and Pricing.

Our actuarial models are vital to the way we run our business, and the Valuation team will provide crucial insights across Financial Reporting, Business Planning and other processes. The team is going through an significant transformation journey, driven by project Unify, towards more automated and efficient processes, making this an exciting time to join a new global team.

The Role

You will be responsible for the execution of a range of new treaty implementations and staying abreast of new business developments to ensure that our modelling approaches and processes keep pace with our growing business. Specifically, you will help drive our initiative to ‘clear the backlog’ of historical unimplemented treaties. You will also support with embedding changes to the delivered through the Unify program.

This cross-functional role requires collaboration with a wide variety of stakeholders, including our Operations and Line of Business front-office teams across all lines of business and regions, as well as the wider CA function.

In addition, you will help support a positive working culture and a highperforming team.

Role Responsibilities

·    Implementation of new treaties, including helping drive our initiative to ‘clear the backlog’ of historical unimplemented treaties

·    Helping embed and improve the global control framework for implementations

·    Acting as a point of contact with our Operations teams regarding the provision of valuation extracts

·    Acting as a point of contact with our Pricing teams regarding the handover of information for new treaty implementations

·    Helping to drive continuous improvement of implementation processes, including embedding related deliverables from the Unify program

·    Specifying model requirements and testing new developments related to new treaty implementations

·    Supporting with the implementation and continuous review of our cross-functional ‘Tiering’ framework

Skills & Experience

·    Qualified actuary with minimum of 3 years’ experience in life insurance or life reinsurance

·    Track record of challenging / improving processes and fostering a culture of continuous improvement

·    Experience with actuarial modelling software (Tyche preferable) and proficient with Microsoft Excel

·    Experience supporting with change and the introduction of new processes, controls and systems

·    Solid understanding of the Corporate Actuarial function

·    Experience / understanding across multiple regions, reporting bases and Lines of Business desirable but not essential

·    Experience / understanding of Pricing and/or Operations processes desirable but not essential

Competencies and Behaviours:

·    Ability to work on own initiative and proactively manage a varied and demanding workload, ensuring tasks are completed efficiently

·    Effective communication skills, both verbal and written

·    Proven focus on quality, ensuring deliverables are accurate and fit for purpose

·    Proven ability to work with other functions, developing and maintaining working relationships

·    Ability to understand and apply new concepts quickly, showing initiative, flexibility, and resourcefulness

·    Adaptability to change and evolving environments

·    Pragmatic, able to balance accuracy with effort

·    Willingness to challenge the status quo