Actuary, R&D (12-month Fixed term contract)
Job Description
About the Role
This role is particularly suited to candidates with strong statistical backgrounds looking to apply advanced modelling techniques within an actuarial context. This is a London-based, 12-month fixed-term contract role within Research & Development (R&D), supporting a Toronto-based team during a period of planned leave. This role will focus on supporting the design, production, and maintenance of a Global Capital Assumptions Framework for quantifying insurance risk for Economic Capital across Pacific Life Re. The framework will ultimately cover all lines of business, i.e. Mortality, Morbidity, Longevity and Capital Solutions. The framework will include appropriate centralization, cutting edge design and methodologies, support for market entry and a target operating model that ensures efficiency of maintenance and growth. The ideal candidate will bring creativity and innovation skills, along with the confidence and resilience to tackle complex problems. A core component of the role will involve statistical research, model development and simulation-based approaches to risk calibration. We expect the candidate to bring a strong statistical modelling background, coupled with actuarial training, and will be comfortable working with large datasets, developing and validating models, and translating research outputs into practical capital assumptions used across the business. The role offers exposure to a range of global markets and a variety of experts and senior stakeholders across functions, as well as to a range of data sources and methodologies.
Desirable Qualifications & Experience
- Qualified Fellow of the Institute and Faculty of Actuaries (IFoA) or Society of Actuaries (or similar)
- Strong statistical skills, with hands‑on experience in statistical modelling and simulation‑based approaches
- Strong programming capability is essential, particularly in R, with experience building transparent, reproducible analytical models
- Experience applying quantitative or actuarial techniques to insurance risk, capital, or pricing problems
- Excellent communication and organizational skills, with the ability to present complex statistical concepts clearly to technical and non‑technical stakeholders
- Ability to work independently while collaborating effectively within a flexible, dynamic team
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. Of course, we take our work seriously and we know our team can operate under great pressure. 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 (Only for Permanent and Fixed Term Employees)
- Leave – 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
- Healthcare – Comprehensive private insurance coverage for employee and dependents
- Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary
- Optical benefits
- Savings & Retirement – 15% combined employee/employer contributions
- Wellness – Subsidized gym membership
- Access to Employee Assistance Program
- Cycle to Work and Electric Car Salary Sacrifice Scheme
- Time off for volunteering
- Charitable matching of employee donations
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. 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
At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible. Working in some of the most complex and fast‑moving markets has taught us that knowledge and innovation go hand in hand. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda. With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop.
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