Actuary & Director Modeling - Modeling Platform and Process Lead

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 Modeling Platform & Process Lead Director to join our Enterprise Modeling Team in Newport Beach, CA or Omaha, NE. Applicants open to relocating to one of these locations are encouraged to apply.

The Actuary & Director - Modeling Platform & Process Lead is a key leader within the Model Steward team focused on production governance, process alignment and setting the organization up for a future state automation. This role has overall accountability for model development of actuarial models using Prophet software, ensuring that models are trustworthy, scalable, and successfully implemented into efficient production operations. You will join a team of 6 on the Modeling Projects team within the Enterprise Modeling organization and will work closely with the Inforce Model Development team, the Model Steward team, IT Platforms / Data, valuation, pricing, and model users across the organization supporting all PL product lines.
 
How you'll help move us forward:

• Model Production Process Oversight: Strategic design lead on end-to-end actuarial production process, including technical design, optimization, and innovation of models, development processes, and production architecture. Design the architecture of production model integration with upstream and downstream data and IT processes, both within the Prophet Suite of applications as well as with external actuarial systems and processes.

• Scalability and Performance Optimization: Lead efforts to optimize actuarial models and processes for scalability and performance, ensuring they can handle large-scale data and complex calculations efficiently.

• Project Management: Oversee the planning, execution, and delivery of the long-term strategy for our target operating model, ensuring alignment with organizational objectives.

• Cross-Functional Collaboration: Work with various departments (Data/IT, Actuarial, Finance) and internal modeling enterprise team to ensure projects are integrated smoothly across the organization.

• Stakeholder Management: Communicate effectively with senior management and stakeholders regarding governance and controls around our Production actuarial modeling processes.

• Governance and Compliance: Ensure model governance standards set by the Model Steward are followed.

• Industry Knowledge: Keep abreast of industry trends, regulations, and best practices in actuarial modeling and incorporate them into the implementation process.

• Automation and Innovation: Research and explore advanced automation techniques, including machine learning and AI-driven automation, to enhance actuarial model development and production processes. We seek a candidate with a curious mind who is eager to discover innovative ways to integrate automation into our workflows.

The experience you bring:

• Proven execution and implementation of end-to-end production processes.

• Demonstrated leadership, communication and interpersonal skills.

• 10+ years of experience in actuarial modeling, with a focus on Prophet software implementation.

• FSA preferred or more experience in the relevant field; CERA (a plus).

• Bachelor's degree in actuarial science, mathematics, statistics, finance, engineering, computer science or another quantitative related field is preferred.

• Exceptional organizational, quantitative, analytical, and problem-solving skills.

• Ability to drive tight deadlines with thoughtful planning and effective execution.

Strong modeling / actuarial platform skills, including FIS knowledge, including:

• Familiarity with all components within FIS Insurance Risk Suite (i.e., FR, AM, PRD, PE, PP).

• Advanced knowledge of Prophet libraries (e.g., US L&A 360 Library, US GAAP Cohort & Disclosures 360 Libraries, ALS, Health Library).

• Ideally existing working relationships with FIS Insurance Risk teams and individuals.

What makes you stand out:

• Experience working with Azure DevOps, JIRA, Azure pipelines, Git, Snowflake,