What are the responsibilities and job description for the Actuary & Director - Model Risk position at Pacific Life?
Job Description
Pacific Life is investing in bright, agile, and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience.
We are actively seeking a talented Actuary & Director to join our Model Risk Management team in Newport Beach, CA. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office. Applicants open to relocating to Newport Beach, CA are encouraged to apply.
As an Actuary & Director you’ll move Pacific Life, and your career, forward by leading model risk oversight for Annuity models – spanning Financial Reporting, Product Development, Economic Valuation, and Forecasting. In this dynamic role, you’ll collaborate across the Enterprise to ensure models are fit for purpose, compliant with standards, and align to the company’s risk appetite. You’ll partner with business teams, model developers, and senior leaders to assess assumptions, identify risks, and provide actionable recommendations that strengthen model performance and reliability.
How You’ll Help Move Us Forward
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
Base Pay Range
The base pay 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. Also, most employees are eligible for additional incentive pay.
$198,810.00 - $242,990.00
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
Pacific Life is investing in bright, agile, and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience.
We are actively seeking a talented Actuary & Director to join our Model Risk Management team in Newport Beach, CA. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office. Applicants open to relocating to Newport Beach, CA are encouraged to apply.
As an Actuary & Director you’ll move Pacific Life, and your career, forward by leading model risk oversight for Annuity models – spanning Financial Reporting, Product Development, Economic Valuation, and Forecasting. In this dynamic role, you’ll collaborate across the Enterprise to ensure models are fit for purpose, compliant with standards, and align to the company’s risk appetite. You’ll partner with business teams, model developers, and senior leaders to assess assumptions, identify risks, and provide actionable recommendations that strengthen model performance and reliability.
How You’ll Help Move Us Forward
- Lead comprehensive reviews of Annuity models and clearly present findings to owners, senior leaders, and risk committees.
- Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.
- Guide on efficient modeling techniques and robust governance practices, to bolster model risk management.
- Collaborate with cross-domain subject experts (life, capital markets, AI/ML, etc.) to understand and impact the business more holistically, and contribute to the evolution of the MRM Framework.
- Stay current on emerging practice, modeling techniques and software.
- 8 years of actuarial experience with an FSA designation.
- Experience in Annuity products (FIA, MYGA, VA, RILA), in areas of financial reporting, forecasting, pricing, and/or actuarial modeling.
- Ability to influence and challenge both senior leaders and technical teams effectively.
- Ability to build validation / replication / challenger tools.
- Bachelor's degree in actuarial science, mathematics, computer science or a related quantitative field.
- Experience in validating models.
- Experience working in Prophet.
- Familiarity with C#, Python, Visual Basic, SQL or related programming languages.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
Base Pay Range
The base pay 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. Also, most employees are eligible for additional incentive pay.
$198,810.00 - $242,990.00
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
- Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
- Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
- Paid Parental Leave as well as an Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
Salary : $198,810 - $242,990
