Director & Actuary - Production Model Releases

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 Director & Actuary of Production Model Releases to join our Enterprise Modeling Team in Newport Beach, CA.  

This role can be on-site or hybrid (depending on location).   

The Director & Actuary - Production Model Releases is an instrumental role within the Model Steward team focused on managing and supporting all Prophet Production model release deliverables. This role oversees model controls and governance, integration, regression testing, and model documentation involved with each release cycle. You will manage a team of four individuals in the Enterprise Modeling division. You will work closely with actuarial model developers, data/IT, and various business partners that rely on these models for quarterly production work.  
 

Candidates who meet most but not all the requirements are encouraged to apply. Actual job offer and title will be based on level of experience and skillset. 

How you will make an impact:  

• Lead a team of modeling professionals within the Model Steward team focused on overseeing the governance, stewardship, and production model release management. 

• Oversee the Model development life cycle by managing the merge activities, documentation and regression testing of all valuation and projection model implementation and modeling projects.  

• Partner with the Model development team and business stakeholders to prioritize and plan merging activities for upcoming releases as well as drive modeling best practices and coding standards.  

• Responsible for reviewing and maintaining all model documentation and regression testing, and working with Model Development leads and business stakeholders to secure appropriate. review/UAT documentation for all changes made to models, impacts under key reporting bases and evidence of all the required approvals. 

• Oversee model staging and integration of production models across all use cases. 

• Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes, including model review and testing processes. 

• Continuously improve the Model release process by defining the scope of regression testing and ensuring stakeholder buy-in of requirements for model sign off. 

• Recruit,