S E R V E R Jobs in Newcastle, ON (NOW HIRING)

Job Description

We have an exciting opportunity for an individual with strong technical skills from either an actuarial or investment background to join the S&R Deal Pricing team.

Responsibilities of the role include:

• Take ownership in leading quotes across S&R products and markets. Drive success from encouraging and developing deal teams.

• Take ownership for developing our asset pricing approaches and working with the AVP, Deal Pricing to implemented & obtain approvals for new approaches to improve pricing

• Identify inefficiencies in pricing processes & controls and lead projects implementing improvements to address these as part of PL Re's drive for process enhancements.

• Understanding of macroeconomic assumptions (interest rates, credit spreads, FX) impact on pricing. Being able to obtain and interpret required investment data from Bloomberg and from investment teams.

• Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes.

• Working with the S&R Insurance Pricing team on understanding benefit structures and developing the insurance basis for S&R transactions.

• Following financial markets and being able to translate and explain changes in the market conditions into changes to pricing. Work with the asset management team to agree investment assumptions for pricing.

• Work with the client solutions team to continually develop our proposition and look for and build strategies that manage and mitigate risks such as currency, inflation etc.

• Manage pricing actuaries & analysts in the team and ensure their technical & soft skills development.

Core skills and experience:

• Strong technical skills necessary to build & run actuarial/asset models and interpret the results. Prior experience in Pricing is beneficial but not essential. Broad understanding of capital modelling, asset risks & strategies for liability driven investments is desirable

• Professional qualifications (SOA, IFoA, CFA or similar)

• 5+ years of professional experience in an investment or actuarial team.

• Ability to work independently on critically reviewing numbers coming out of the model, understanding what drives changes, sense-checking results and suggesting improvements to drive price benefits

• Deal focused individual. Able to work to tight timelines and periods of high-pressure to deliver on pricing commitments to internal stakeholders and clients, often across multiple deals simultaneously.

• Strong experience of Excel and actuarial/asset modelling software (e.g. Tyche, Bloomberg)

• Good understanding of market risks (interest rates, FX, credit spread, liquidity) and how they impact insurance capitalization. Understanding of insurance company balance sheets including insurance capital frameworks

• Strong communication skills. Able to communicate complex actuarial concepts to a range of audiences both verbally and written. Track record of stakeholder management & seeking approvals/pitching.

• Able to adapt to changing priorities and switch focus seamlessly.

#LI - PC1

$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.

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.