Job Description

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 Fixed Annuity Projections team in Newport Beach, CA or Omaha NE.

As a Senior Actuary you’ll move Pacific Life, and your career, forward by leading, planning and executing actuarial projections for fixed annuities with accountability for decisions, outcomes and impacts. This role provides a great opportunity to operate independently and provide your expert judgment on traditional actuarial exercises such as asset adequacy testing and C3-Phase I along with more modern concepts such as economic reporting and offshore reinsurance. You will fill an existing role that sits on a team of 4 people in the Enterprise Valuation division. Your colleagues will include fellow valuation actuaries and rotating actuarial students.

How you’ll help move us forward:

• Contribute to the timely and accurate preparation of the Actuarial Opinion and Memorandum on Asset Adequacy Testing, C3 Phase I scenario testing, economic reporting and all other projection reporting in accordance with regulatory, or internally defined, requirements as applicable.

• Serve as a subject matter expert on fixed annuities and the fixed annuity actuarial projection models.

• Perform the testing and validation of modeling enhancements to ensure suitability for business requirements.

• Produce and review reports/analytics supporting actuarial projection exercises and take initiative to streamline those reporting processes.

• Develop tools to enhance model efficiency and analytics in relation to inputs, computation and outputs.

• Collaborate with actuarial colleagues in other departments and divisions; build strong relationships and seek to share actuarial interpretation and expertise.

• Maintains awareness of new product activities and regulatory changes.

The experience you bring:

• FSA with 6+ years of related actuarial experience.

• Experience with asset and liability projections.

• Excellent quantitative, analytical and problem-solving skills.

• Innate curiosity and attention to detail.

• Ability to translate technical concepts to non-technical audiences effectively in both verbal and written communication.

What makes you stand out:

• Background in statutory reserving and a familiarity with principles related to market consistent embedded value.

• Proficiency in the actuarial modeling software Prophet.

• Programming skills such as Python or SQL a plus.

• Direct experience in actuarial valuation and/or projections for both deferred annuities (Fixed Indexed Annuities and Multi-year Guaranteed Annuities) and payout annuities (e.g. Single Premium Immediate Annuities, Deferred Income Annuities, Structured Settlements, Pension Risk Transfer).

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 What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

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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

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.

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Job Tags

Holiday work, Full time, Immediate start, Offshore, Flexible hours,

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