What are the responsibilities and job description for the Senior Actuary - Enterprise Modeling 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 Modeling Team on a hybrid schedule out of our Newport Beach, CA or Omaha, NE office. Candidates open to relocating to one of these locations are encouraged to apply.
As a Senior Actuary, you will play a vital role in Pacific Life’s growth and long-term success by leading and executing critical modeling projects while supporting various business stakeholders in model development, maintenance, enhancement, and optimization. You will collaborate closely with the Modeling Projects Lead and work alongside the Model Development team, Model Steward team, Data/IT, Valuation, Pricing, and model user teams across the organization, contributing to both Life and Annuity model changes and enhancements.
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.
$163,620.00 - $199,980.00
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.
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 Modeling Team on a hybrid schedule out of our Newport Beach, CA or Omaha, NE office. Candidates open to relocating to one of these locations are encouraged to apply.
As a Senior Actuary, you will play a vital role in Pacific Life’s growth and long-term success by leading and executing critical modeling projects while supporting various business stakeholders in model development, maintenance, enhancement, and optimization. You will collaborate closely with the Modeling Projects Lead and work alongside the Model Development team, Model Steward team, Data/IT, Valuation, Pricing, and model user teams across the organization, contributing to both Life and Annuity model changes and enhancements.
How You’ll Help Move Us Forward
- Ensure models are accurate, reliable, meet business requirements, and follow modeling best practices.
- Develop and test/debug Prophet models, and peer review changes made by other team members.
- Serve as an internal Prophet expert for colleagues.
- Collaborate with cross-functional project teams of developers, Data/IT, and business stakeholders.
- Communicate effectively with senior management and stakeholders regarding actuarial modeling results and insights.
- Stay updated on industry trends, regulations, and best practices in actuarial modeling and incorporate them into the implementation process.
- Support and comply with all Model Risk Management initiatives, documentation, and standards.
- Bachelor's in actuarial science, computer science, finance, mathematics, or a related field.
- 6 years of actuarial experience.
- FSA designation.
- 4 years' experience in model development with Prophet, including: familiarity with all components within FIS Insurance Risk Suite (e.g., PP, PE, DCS, PRD) and advanced knowledge of Prophet libraries (e.g., US 360, ALS, Life and Health libraries).
- Experience coding in Python, Visual Basic, and SQL.
- Self-starter with the ability to develop solutions by collaborating with multiple business partners.
- Ability to work independently and collaboratively with multiple business partners.
- Detail-oriented with excellent organizational, communication, and interpersonal skills.
- Excellent analytical, problem-solving, and decision-making abilities.
- Experience working with Azure DevOps, pipelines, and AWS.
- Advanced knowledge and experience in Prophet, particularly in asset and ALM modeling.
- Experience coding in Python.
- Advanced knowledge of products and reserving for Life and Annuities.
- Experience with FIA/RILA hedging is a plus.
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.
$163,620.00 - $199,980.00
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 : $163,620 - $199,980
