What are the responsibilities and job description for the Actuarial Rotation Program position at Pacific Life Insurance Company?
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’re actively seeking talented early career Actuaries to join Pacific Life. While this role can be 100% remote, preference will be given to applicants who are able to work on-site or hybrid from either our Newport Beach, CA or Omaha, NE office locations. As an early-career actuary at Pacific Life, you will automatically be enrolled in our Student Actuarial Rotation Program. The program is a comprehensive approach to helping our early career actuaries build well rounded careers at Pacific Life. Students typically complete three rotations, each lasting two years, that aim to expose them to multiple functional areas, different products, and technologies. All the while, our students are mentored and supported through their exam progress with paid study time, study material reimbursement, and bonuses and raises associated with passing exams. As an applicant to the rotation program, you will be considered for all early career Actuarial openings available within the various divisions and product lines at Pacific Life. We offer rotational positions in our Enterprise division, Consumer Markets division, and Institutional division. Each division has actuarial teams focused on everything from valuation, modeling, and pricing to product design, risk management, experience studies and more. During the interview process you will have an opportunity to share your preferences and interests with the hiring team to help inform your initial placement. Individuals who exceed the qualifications below are encouraged to apply. The actual job title will depend on the candidates’ experience and exam progress. How you will make an impact: Actively pursue the ASA/FSA credential by participating in the Student Actuarial Rotation Program Perform analyses to assess and manage risk associated with insurance and other financial products & instruments Analyze and provide counsel to business leaders regarding the economic and financial costs of risk and uncertainty for the business Use knowledge of advanced statistical analysis, predictive modeling analytics, financial accounting, and/or actuarial research to develop, test, and validate models used in business decisions. Monitor and analyze laws and regulation developments applicable to functional area operations Consider internal and external statistical trends, factors, issues, and data impacting results as well as the company’s business goals and strategies in analyses, recommendations, and/or decisions. Relevant Competencies: Continuous Learning. You want to continue learning and expanding both the depth and breadth of your knowledge as it pertains to your functional responsibilities and business acumen. Curiosity. You demonstrate an interest in finding underlying causes and understanding how the work you do relates to our business mission and strategy. Adaptability. You can adjust your focus and/or approach depending on results, strategy, or business needs. The experience you will bring: Bachelor’s in actuarial science, finance, mathematics or related field 0 years of actuarial experience (internships included) 1 or more SOA exams passed toward ASA designation Ability to work independently and collaboratively as part of a team Strong organizational, communication, and interpersonal skills Microsoft 365 Skills: Excel (VBA, a plus), PowerPoint, Word, etc. Excellent analytical, problem-solving, and decision-making skills What will make you stand out: Prior internships or experience in life/annuity actuarial capacity Experience with Prophet Experience with programming languages and/or databases Experience with data visualization tools (Alteryx, R, Tableau, etc.) Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife. #LI-TM1 #LI-Hybrid Base Pay Range: The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay. 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 EEO Statement: 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. A career at Pacific Life is more than a job. It’s being hardworking. It’s being agile. It’s being mission-driven. It’s giving our policyholders the time, attention, and expertise they deserve –helping them to reach their financial goals and safeguard their futures. It’s having a positive impact on our industry and in the communities around us. It’s leveraging the collective genius within to drive the way we do business now and in the future, while also enjoying a supportive environment where you can be fulfilled in life and in work. At Pacific Life we are committed to a culture of belonging, a space where all employees are empowered to be authentic. One way we cultivate an inclusive culture is through our employee connections groups. The purpose of these employee-run groups is to offer a place to build community, connection, camaraderie, and a sense of belonging. Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at Connection Groups. 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