[ Job Description:

Purpose of Role:

This role offers an opportunity for the incumbent to become expert in all aspects of the retrocession reinsurance and longevity reinsurance business. The primary responsibility will be to perform as a member of the Pricing Team. The Pricing Team develops rate proposals for new and renewing business opportunities. The Pricing Team is responsible for developing assumptions, building models, setting rates, analyzing results, peer-reviewing, documenting and making recommendations for all new business proposals within PL Re Retro.

The incumbent will also support the management of the in force retrocession business including rate reviews, reviews of Experience Refund calculations and development of new business plan projections.

Additionally, the incumbent will be involved in research projects that develop and update key assumptions used in retrocession pricing including lapse rates, interest rates, recapture assumptions and unit costs.

Job Responsibilities

Pricing

Responsible for ensuring the timely delivery of new pricing proposal opportunities by:

• Understanding clients' needs, requirements and deadlines
• Establishing case specific assumptions and methodologies
• Building and running pricing models in the GGY AXIS pricing system
• Analyzing and presenting pricing results to management
• Ensuring a consistently high level of technical standards and timely delivery of pricing papers, highlighting the key risks and opportunities
• Peer review of pricing models and assumptions
• Discussing the results with EVP PL Re Retro, VP Pricing, VP Marketing and PL Retro Clients

Projects

Providing support for Retrocession clients and for internal Boston and Toronto business needs as required including:

• Peer review of corporate projects
• Actuarial support for customer management functions
• Coordination of assumptions and details of new business transactions with members of the Valuation team
• Support the annual process of the development of the new business plan
• Support the development of lapse and other experience assumptions needed in pricing new business opportunities
• Ad hoc projects

Essential Qualifications & Experience

• FSA with strong analytical skills who has a commitment to the Actuarial profession.
• 3+ years of relevant experience in life insurance and/or reinsurance businesses
• Experience working with pricing systems, preferably the GGY AXIS pricing and valuation system
• Experience with Microsoft Excel, Access, R, Tableau, SQL
• Organized and able to meet tight deadlines with an ability to prioritize multiple projects
• Able to follow established procedures and develop complete documentation
• Working knowledge of US statutory, US GAAP, Canadian statutory and Economic Capital accounting methodologies is a plus
• Motivated individual with the ability to work both independently and as an integral member of a team and with others in the business
• Effective written and verbal communication skills, documentation skills and ability to interact with clients in a professional manner

Key Skills and Behaviours

• Operate as a member of a high performing team, sharing knowledge and information openly and taking a flexible supportive approach at all times.
• Demonstrate awareness and understanding of risk management principles
• Demonstrate an appropriate level of technical skills for their role and an appreciation of current issues affecting their profession and the life reinsurance industry.
• Take responsibility for quality, completeness and accuracy of work.
• Show initiative, flexibility and resourcefulness.
• Critically evaluate and challenge current work practices.
• Deal effectively with challenging deadlines and prioritizes effectively.
• Provide accurate and timely updates on status of work and escalates issues appropriately.
• Participate actively in meetings showing an appropriate 'meeting presence'.
• Communicate in a clear and practical manner both verbally and in writing.
• Have a good timekeeping and attendance record

Pacific Life Re - Who are we?

We work with clients in Europe, Asia, Australia and North America, specialising in risks associated with Life, Critical Illness, Income Protection, Hospital Cash and Longevity products. Our clients are insurance or reinsurance companies looking for a new and innovative approach to taking risks.

With the security and financial strength of a parent company that's been around for over 145 years and a mutual holding company as our ultimate parent, we are not constrained by short-term thinking; therefore, allowing us to be free to pursue the right course for our clients and our business.

Underlying our philosophy is an intelligent approach to taking risks. By recruiting top quality staff and investing in the latest analytical technologies, we believe we are well placed to make those decisions.

Working at Home During the Pandemic

At PL Re, the pandemic hasn't slowed us down. We are continuing to recruit and onboard new hires supported by our flexible work options which include a hybrid working environment during the pandemic.

We place the health and wellbeing of our employees at the forefront of what we do. We've invested in providing a high level of support for our employees who continue to work from home, including regular online collaboration events, providing suitable home-working equipment, and flexible working options, as well as regular social activities.

Our commitment to our employees doesn't stop there. We're continuing on our journey to create an even more diverse and inclusive culture, supported by a new smarter approach to working.

We want to make sure everyone is looked after and supported and that includes local communities. We regularly contribute by giving staff time off for volunteering activities and making charitable donations.

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.

Base Pay Range:

The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay.

$0.00 - $0.00 - $0.00

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
• Paid Parental Leave as well as an Adoption Assistance Program
• Competitive 401k savings plan with company match and an additional contribution regardless of participation

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company. ]