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Toronto, Ontario, Canada
Hybrid
Job Title
Job Description
The Role
We have an exciting opportunity for an individual with a strong actuarial background and relevant experience to join the Corporate Actuarial function as a Manager, focusing on local reporting bases for the Savings & Retirement (S&R) business.
Reporting to the AVP, Actuarial Analytics & Insights, S&R, this role offers a challenging variety of work, exposure to senior management and excellent opportunities to make positive contributions to S&R and CA. The role requires a good understanding of S&R products, particularly in respect of reporting and balance sheet impacts, as the successful individual will play a key role in offering insights on the quarterly results to senior management. In the short-term, there will be a focus on understanding IFRS17 and LICAT in respect of the business written into the local Canadian branch. Given S&R’s ambitions to grow in scale and geographically, this role will also be responsible for understanding any additional local reporting bases that may be applicable to S&R business going forwards. In addition to strong technical understanding, the role requires strong communication skills, with the ability to communicate complex topics to a wide range of audiences.
As part of this role, you will work with other functions within DBS and work with other Corporate Actuarial teams across Pacific Life. Similarly, you will work closely with the S&R Line of Business team, contributing to PL Re’s success in what is a growing and dynamic marketplace. Strong communication skills, ability to understand new concepts and strong problem-solving skills are therefore required to ensure reporting challenges and opportunities relating to both the inforce book and new initiatives are well understood by relevant stakeholders.
Role Responsibilities
Develop and maintain deep technical expertise in local reporting requirements for S&R business, with an initial focus on Canadian reporting frameworks including IFRS 17 and LICAT.
Own the interpretation, implementation, and ongoing maintenance of local reporting methodologies, ensuring compliance with applicable accounting, regulatory, and internal governance requirements.
Lead the production, analysis, and review of IFRS 17 and LICAT reporting results, ensuring completeness, accuracy, and timely delivery of reporting outputs.
Provide clear and insightful analysis of reporting results, including movements in earnings, reserves, capital, and key metrics, to support management understanding and decision-making.
Monitor emerging accounting, regulatory, and industry developments, assessing impacts and recommending enhancements to methodologies, processes, and reporting frameworks.
Support internal and external audits, regulatory reviews, and stakeholder requests by providing technical explanations, analysis, and documentation.
Contribute to the development of a scalable local reporting capability that can support additional reporting bases and geographies as the S&R business expands.
Support AVP, Actuarial Analytics & Insights on operational readiness for upcoming initiatives
Manage effective networks and demonstrate excellent communication.
Build relationships with stakeholders in S&R and wider DBS, keeping S&R Corporate Actuarial aware of relevant updates.
Support non-BAU activities and other corporate actuarial projects, as required.
Lead and mentor team members, fostering technical excellence, knowledge sharing, and a strong control environment within the reporting function.
Skills & Experience
Qualified actuary with minimum of 5 years’ experience in life insurance or life reinsurance
Experience of working within an actuarial reporting function
Demonstrated experience with IFRS 17 reporting, including analysis of earnings, liabilities, CSM, and financial disclosures.
Experience with insurance regulatory capital frameworks, preferably LICAT but Solvency II, BMA, RBC, or equivalent regimes would be useful.
Strong understanding of financial reporting and regulatory capital frameworks within the insurance industry.
Experience with longevity swaps, funded reinsurance, pension risk transfer, annuity, or retirement-focused businesses.
Experience working across multiple reporting bases, such as IFRS 17, local statutory reporting, regulatory capital, and economic value frameworks.
Experience supporting international operations or working across multiple jurisdictions.
Exposure to Canadian insurance reporting and regulatory requirements.
Experience leading reporting process improvement, automation, or transformation initiatives.
Competencies and Behaviours
Strong analytical, problem solving and communication skills
Ability to work on own initiative and pro-actively manage a varied and demanding workload
Detail-oriented with the ability to work to timelines
Proven ability to work with other functions, developing and maintaining working relationships with all parties
Ability to understand and apply new concepts quickly. Shows initiative, flexibility, and resourcefulness
Embraces change and can work in a fluid environment
Salary: $143,100.00 - $166, 950.00 CAD
Compensation Range
The compensation range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location.
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
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
Use of AI
As part of our commitment to a fair and efficient hiring experience, we want to inform you that we may use artificial intelligence (AI) tools to assist in reviewing resumes, and during the assessment process, including through platforms like HireVue. These tools help us identify relevant qualifications and streamline evaluations, but final decisions are always made by our hiring team.
