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Pacific Life

AVP, R&D

Toronto, ON, Canada

Full-time

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Job details

Job type: Full-time
Apply by: Nov 8, 2026
Experience: Qualified Fellow of the Institute or Faculty of Actuaries or other similar organisation with 6+ years post qualified experience.
Posting language: English
Posted: Oct 9, 2026

Original job description

Job Title

AVP, R&D

Job Description

We have a great opportunity to join our Global R&D function as a leader of a team of five actuaries and analysts. You will be leading the development of biometric assumptions for a range of different global reinsurance markets. We are looking for someone who can influence key stakeholders in the business to maximize the value of assumption knowledge.

In this role, you'll work with colleagues across the company on both Longevity and Protection markets in Europe and North America, giving you diverse exposure and the opportunity to make a real impact. You will be responsible for all aspects of the delivery of assumptions, from planning, team management, technical direction, stakeholder engagement and implementation.

A key focus over the next few years will be to scale the team capabilities for the increase in volume of assumptions which we need to produce. This will come through being courageous in improving economies of scale and standardizing and sharing capabilities.

You will lead stakeholder relationships with people across the business:

R&D teams across multiple geographies
Savings & Retirement and Protection teams inside the Reinsurance Division to support on Pricing and Product developments
Division teams such as Corporate Actuarial, Operations and Risk
Biometric teams in other Divisions on shared assumptions related to the US market

We are a collaborative and friendly team who thrive to provide their best. You will report to the VP, R&D.

How You’ll Help Move Us Forward

You'll be a recognized leader in actuarial assumption development - setting the direction, raising the bar, and leaving a visible mark on how we work across global markets.
Redefine what market-leading looks like. You'll bring genuine intellectual curiosity to assumption development - challenging inherited methodologies, pioneering new analytical approaches, and setting a standard that competitors will follow.
Build a team that scales with ambition. You'll be accountable for growing a high-performing function - streamlining how we work, eliminating inefficiency, and developing the next generation of actuarial talent.
Influence decisions at the highest level. You'll forge strong relationships with senior stakeholders across Pricing, Product, and beyond - translating complex technical judgements into clear, compelling recommendations that drive real business decisions.
Be the function's critical voice. You'll provide rigorous, independent challenge to Pricing assumptions - ensuring intellectual honesty sits at the heart of everything we do.
Shape the profession, not just the company. Through thought leadership, academic partnerships, and research initiatives, you'll help define where actuarial thinking goes next.

Desirable Skills & Experience

Demonstrable exposure to assumption development with a reinsurer, life company or consultancy. This could be through working directly in a pricing or basis setting team or through a review function.
Qualified Fellow of the Institute or Faculty of Actuaries or other similar organisation with 6+ years post qualified experience.
A good understanding of the Longevity insurance/reinsurance market and/or the Protection insurance/reinsurance market.
Ability and desire to come up with and implement new approaches and techniques.
Report writing and verbal communication skills, including ability to present to senior managers and to forge close relationships with other teams.
Ability to think for yourself and challenge the status quo.
Organised and deadline focused.
Interest and understanding of programming and comfortable with or willing to learn software packages, such as Tableau, SQL (or comparable database language) and R.
Experience with people management or mentoring, and interest in coaching and developing junior staff.

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

Please click here to view our company 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.

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More about this job

Responsibilities

Lead a team of actuaries and analysts in developing and delivering biometric assumptions for global reinsurance markets, overseeing planning, technical direction, stakeholder engagement, and implementation. Scale team capabilities through standardization and efficiency improvements, challenge pricing assumptions, and provide clear recommendations to senior stakeholders across the business.

Requirements

Candidates should be a qualified Fellow of the Institute or Faculty of Actuaries, or an equivalent organization, with at least six years of post-qualification experience and demonstrable experience in assumption development. They should understand longevity and/or protection insurance and reinsurance, communicate effectively with senior stakeholders, challenge existing approaches, and have an interest in programming tools such as Tableau, SQL, and R, as well as coaching and developing staff.

Skills

Actuarial Assumption Development
Biometric Assumptions
Longevity Insurance And Reinsurance
Protection Insurance And Reinsurance
Team Leadership
People Management
Stakeholder Engagement
Pricing
Product Development
Technical Direction
Report Writing
Senior-Level Presentations
Process Improvement
R
SQL
Tableau

Benefits

Annual Leave
Fertility Leave
Parental Leave
Healthcare
Group Life Insurance
Accidental Death And Dismemberment Coverage
Dental Benefits
Optical Benefits
Company-Matched RRSP Contributions
Employee And Family Assistance Program
Subsidized Gym Membership
Time Off For Volunteering
Charitable Donation Matching

Visa sponsorship

Not detected in the job text

Keywords

Actuarial
Actuarial Assumptions
Biometric Assumptions
Reinsurance
Longevity
Protection
Pricing
Product Development
Assumption Setting
Assumption Review
Team Management
Stakeholder Engagement
Technical Direction
Process Standardization
Economies Of Scale
Independent Challenge
Thought Leadership
Academic Partnerships
Research
Tableau
SQL
R
Corporate Actuarial
Risk
Savings And Retirement

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