Actuary & Director – Assumption Governance

Job Description

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

We’re actively seeking a talented Actuary & Director to join our Enterprise Actuarial Governance team in Newport Beach, CA; or Omaha NE.

• This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.
  
  

As a Actuary & Director you’ll move Pacific Life, and your career, forward by helping guide the assumption governance process and performing review and effective challenge of the company’s policyholder benefit assumptions. You will fill a new role that sits on a diverse team of 7 people in the Enterprise. You will work alongside colleagues focusing on biometric and economic assumptions.

How You’ll Help Move Us Forward

• Serve as the lead reviewer of enterprise policyholder behavior assumptions, spanning multiple product lines and geographic markets world-wide, reinforcing the first line of defense.
• Partner with assumption developers and owners through the assumption development process, providing feedback and guidance to ensure alignment with enterprise best practices.
• Stay current with emerging insurance industry practices as well as advancements in policyholder behavior statistical methodologies, predictive modeling, and data analytics, incorporating into internal frameworks appropriately.
• Proactively evaluate and recommend strategies and potential approaches for assumption development to find solutions that best address business needs.
• Maintain comprehensive enterprise-wide guidance and champion  best practices for assumption monitoring, experience studies and assumption development.
• Drive governance excellence by fostering collaboration and serving as a strategic connector across a robust network of colleagues throughout the enterprise.
• Deliver comprehensive peer review reports, detailing effective challenges to the suitability of data selection, analytical methodologies, and verifying the validity of conclusions drawn from the analysis.
  
  

The Experience You Bring

• An FSA or equivalent designation.
• Extensive expertise in assumption setting and experience study methodologies, industry best practices, and statistical analysis.
• Experience with insurance products, in areas of actuarial modeling, financial reporting, forecasting, product/pricing and/or economic valuation.
• Leverage strong communication skills to effectively present review findings to senior leadership.
• Demonstrated project management, leadership, communication, and interpersonal skills.
• Bachelor's degree in actuarial science, mathematics, finance, computer science or related field or equivalent work experience.
  
  

What Makes You Stand Out

• Exhibit courage in identifying and addressing potential issues, providing effective challenge, and asking probing questioning.
• Clear understanding of assumption governance principles.
• Creativity and initiative in work product; challenge and influence in a constructive manner.
  
  

You Can Be Who You Are.

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
  
  

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.