www.acad.jobs : academic jobs worldwide – and the best jobs in industry
                
     
Position: Actuary, Actuarial Risk Review
Institution: Pacific Life Re
Location: London, United Kingdom
Duties: This role within our Actuarial Risk Review team will require the successful candidate to perform actuarial reviews of key models across all PL Re business units and global offices. The team provides assurance to board and senior management regarding the robustness of models and works with model owners to enhance model design, process and controls as well as performing validations for the Partial Internal Model (PIM) and PL Re’s Divisional Economic Capital (DEC). The successful candidate will have exposure to cutting edge models across a range of platforms and types including pricing, reporting & R&D
Requirements: Nearly or newly qualified actuary; Knowledge of actuarial models and modelling software; Good understanding of life insurance or reinsurance industry; Good understanding of risk and control frameworks
   
Text: http://sjobs.brassring.com/TGnewUI/Search/home/HomeWithPreLoad?partnerid=26207&siteid=7059&PageType=JobDetails&jobid=994831 Skip to main content Pacific Life Re Logo Job search AboutLibraryCareersContact Sign In London, UK Actuary, Actuarial Risk Review Job Description The Role This role within our Actuarial Risk Review team will require the successful candidate to perform actuarial reviews of key models across all PL Re business units and global offices. The team provides assurance to board and senior management regarding the robustness of models and works with model owners to enhance model design, process and controls as well as performing validations for the Partial Internal Model (PIM) and PL Re’s Divisional Economic Capital (DEC). The successful candidate will have exposure to cutting edge models across a range of platforms and types including pricing, reporting & R&D. Duties: Perform Model Risk reviews as planned or assigned by the DRMC or in response to major model changes. This will include: Independent review of actuarial models under PL’s Model Risk Management (MRM) Framework, including independent baselining, and checking they comply with MRM standards Ad hoc reviews where required by DRMC Monitoring process of agreed remediation actions from past reviews These reviews will cover various Pacific Life Re business units and include providing reports to management and Divisional/Busines Unit Risk Management Committees. The reports will highlight, as appropriate, issues identified and recommended items of improvements and involve action engagement with Model Owners Perform validation tasks as required for PLRL’s Partial Internal Model (PIM) and PLRe’s DEC model. Reports on the validation will be provided to the board, management and Division Risk Management Committee covering to detail the work completed and any issues identified alongside remediation actions Assist with the reporting of management information for reviews conducted and review of model inventory risk assessment across division. Review of model inventory risk assessment across division Provide support to Model Risk Management initiatives conducted by the Pacific Life Group and Pacific Life Re, such as rollouts of best practices in MRM and model guidance Skills/Experience - Essential Nearly or newly qualified actuary Knowledge of actuarial models and modelling software Good understanding of life insurance or reinsurance industry Good understanding of risk and control frameworks Skills/Experience - Desirable Demonstrates good analytical and technical skills Ability to challenge methodologies adopted by teams, explain why and defend independent view Able to operate at a tactical level to achieve the objective Able to exercise judgement Able to identify and recommend solutions to critical issues Awareness of current issues affecting the life reinsurance industry Ability to manage competing priorities and projects Strong report writing skills Strong verbal and written communication skills Ability to collaborate across teams and offices Time management, interpersonal, collaboration, verbal, and written communication skills Pacific Life Re - Who are we? At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team, comprising some of the best minds in the industry, is not afraid to disrupt and challenge industry thinking to provide the best Life, Critical Illness, Income Protection, Hospital Cash and Longevity products and services possible. Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. We pursue personalised, bespoke solutions for every one of our clients and our commitment to cutting-edge technology reflects our ambition to offer the most sophisticated answers to the most challenging reinsurance questions. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia and a new global HQ in Bermuda. With over 700 employees across the globe, we take pride in our ‘family’ culture, underpinned by our Principles and Behaviours, providing an environment where everyone can grow and develop. We are equally proud of the security and freedom we possess from having the backing of our parent company Pacific Life. With a heritage of more than 150 years, Pacific Life provides strength and resilience to our business which enables us to bring our fresh and dynamic approach to the marketplace. 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. UK Benefits We offer a generous benefits package including a discretionary bonus; stakeholder pension scheme; BUPA; Life Insurance; 25 days holiday; STL; Group Income Protection; subsidised gym membership and more. To review our privacy policy, please click here: http://www.pacificlifere.com/home/misc/footerlinks/privacy-policy.html PLREMYG Pacific Life Re - Who are we? At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team, comprising some of the best minds in the industry, is not afraid to disrupt and challenge industry thinking to provide the best Life, Critical Illness, Income Protection, Hospital Cash and Longevity products and services possible. Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. We pursue personalised, bespoke solutions for every one of our clients and our commitment to cutting-edge technology reflects our ambition to offer the most sophisticated answers to the most challenging reinsurance questions. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia and a new global HQ in Bermuda. With over 700 employees across the globe, we take pride in our ‘family’ culture, underpinned by our Principles and Behaviours, providing an environment where everyone can grow and develop. We are equally proud of the security and freedom we possess from having the backing of our parent company Pacific Life. With a heritage of more than 150 years, Pacific Life provides strength and resilience to our business which enables us to bring our fresh and dynamic approach to the marketplace. 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. UK Benefits We offer a generous benefits package including a discretionary bonus; stakeholder pension scheme; BUPA; Life Insurance; 25 days holiday; STL; Group Income Protection; subsidised gym membership and more. To review our privacy policy, please click here: http://www.pacificlifere.com/home/misc/footerlinks/privacy-policy.html PLREMYG Home Infinite Talent Privacy Statement
Please click here, if the job didn't load correctly.







Please wait. You are being redirected to the job in 3 seconds.