Overview

AVP, Accounting and Structuring, Capital Solutions is a global role at Pacific Life Re. The Capital Solutions team provides financial reinsurance to clients to enhance their balance sheet, either through accessing trapped capital, reducing earnings volatility or monetising value that currently sits off balance sheet. The transactions are typically bespoke, covering a range of products and risks across the world. The Capital Solutions team works alongside the Protection and Savings and Retirement teams to offer a full product suite. The team is structured into three key areas: Pricing, Client Solutions, and Accounting and Structuring. Roles offer broad exposure across areas with colleagues acting as sounding boards for one another and contributing to a diverse range of responsibilities.This is a global role that involves engaging with clients, developing solutions and supporting execution across the world. We are seeking an individual who specialises in accounting and structuring to complement our current team’s skills.

Responsibilities

Identifying redundancies and nuances in regulations which may benefit from a Capital Solution structureAssessing the accounting and regulatory implications of proposed transactions from both the client’s and Pacific Life Re’s perspectiveSupporting the structuring and design of tailored reinsurance solutions globallySupporting client engagements from initial concept through to deal execution

Role Responsibilities

Design and structure bespoke reinsurance transactions by translating client objectives into innovative, practical, and commercially viable solutionsEvaluating the implications of potential structures against relevant accounting standards (e.g., IFRS, US GAAP, local GAAPs) and regulatory frameworks (e.g., Solvency II, ICS) from both the client’s perspective and Pacific Life Re’s internal basesKeep abreast of financial performance, market conditions, and industry trends to identify new structuring opportunities and enhance solution designCollaborate with the Pricing team to review and refine proposed structures, incorporating feedback from risk assessmentMonitor evolving regulatory and accounting developments and assess their impact on structuring opportunitiesWork closely with the Client Solutions team, participating in client discussions to help shape and communicate the structuringCollaborate with back-office functions (e.g., Finance, Corporate Actuarial, Operations) keeping them informed of upcoming transactions and future solutionsSupport deal structuring for large or complex transactions across the broader Pacific Life Re divisionContribute to the development of internal tools, frameworks, and best practices for transaction structuring

Skills and Experience

A strong understanding of accounting regulations, with knowledge of IFRS 17 / 9 essential, while US GAAP and other local GAAP bases is desirableA strong understanding of global regulatory capital bases, with knowledge of either Solvency II or South-East Asian capital bases (KICS, MAS, RBC2) being essentialActuarial qualification with 5+ years of professional experienceExperience in structuring or advising on complex reinsurance transactions is desirableAble to apply a creative mindset to come up with innovative and bespoke solutionsStrong technical and problem-solving skills necessary, with the ability to work on a wide range of solutions at onceAbility to work independently in a flexible, dynamic team with some high-pressure deadlinesExcellent communication skills with the ability to effectively explain new concepts to stakeholders and collaborate with other teams around the business

Working For Pacific Life Re

We value the unique qualities each person brings and support their expertise and ambitions. We work hard under pressure, thrive on achievement, and also enjoy team-building, social activities and well-being initiatives. We are committed to supporting employees’ involvement in their communities through fundraising, volunteering and charitable activities.

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 leaveHealthcare: Comprehensive private insurance for employee and dependents; Group Life Insurance coverage; Group Income Protection; Optical benefitsSavings and Retirement: 15% combined employee/employer contributionsWellness: Subsidized gym membership; Employee Assistance Program; Cycle to Work and Electric Car Salary Sacrifice; Time off for volunteering; Charitable matching of employee donations

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and SalesIndustries: Insurance

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