What are the responsibilities and job description for the Senior Actuary - Aggregation & Optimization position at Pacific Life?
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 Senior Actuary to join our Enterprise Valuation Aggregation & Optimization 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 Senior Actuary you’ll move Pacific Life, and your career, forward by playing a key role in the continued enhancement of economic reporting (also known as EV/EC) and the optimization of processes across valuation. You will fill a new role on the Aggregation & Optimization team with a primary focus supporting the current state economic reporting and driving solutions to shape the economic reporting process of the future. This is an exciting opportunity to get big picture insight into Pacific Life’s business mix, learn more about products in all divisions, and to engage with stakeholders from across the Company.
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.
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.
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 Senior Actuary to join our Enterprise Valuation Aggregation & Optimization 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 Senior Actuary you’ll move Pacific Life, and your career, forward by playing a key role in the continued enhancement of economic reporting (also known as EV/EC) and the optimization of processes across valuation. You will fill a new role on the Aggregation & Optimization team with a primary focus supporting the current state economic reporting and driving solutions to shape the economic reporting process of the future. This is an exciting opportunity to get big picture insight into Pacific Life’s business mix, learn more about products in all divisions, and to engage with stakeholders from across the Company.
How You’ll Help Move Us Forward
- Collaborate with enterprise valuation and advise on the actuarial implementation of the Economic Framework methodology.
- Drive decision making with key stakeholders to streamline economic reporting process, with a focus on efficiency and reduced cost.
- Facilitate conversations with key stakeholders to design consistent actuarial roll-forwards and attributions to help explain key drivers of the results.
- Take ownership of consolidating and producing key input data needed for economic reporting and aggregating output results from valuation team.
- Provide critical review and analysis of economic results from across the enterprise, including both the asset and liability sides of the balance sheet.
- Develop a strong collaborative partnership with the ALM, risk management, and accounting teams to balance the needs of multiple stakeholders.
- Communicate results and analysis with clarity and appropriate for intended audience.
- Conduct ad-hoc analysis and support requests or projects within the aggregation & optimization team as needed.
- Fellow of the Society of Actuaries (FSA).
- Strong quantitative, analytical, and problem-solving skills with innate curiosity and attention to details.
- Effective verbal and written communication.
- Ability to work in a fast-paced, dynamic environment with high degrees of ambiguity.
- Demonstrable track record of working effectively with others and leading them.
- Experience with Economic Reporting.
- Experience with Alteryx or similar software.
- Experience with Prophet or other actuarial modeling software.
- Experience with Snowflake or similar software.
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.
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.
