Senior Actuary - Life and Annuity Pricing Modeler

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 - Life and Annuity Pricing Modeler to join our Enterprise Modeling Team.

This role can be hybrid or on-site in our Newport Beach, CA or Omaha, NE locations. 

As a Senior Actuary - Life and Annuity Pricing Modeler, you’ll play a key role in Pacific Life’s growth and long-term success by developing and maintaining actuarial models used in life and annuity product pricing, e.g., Index Universal Life (IUL), Variable Universal Life (VUL), Term, Registered Index-Linked Annuity (RILA), Variable Annuity (VA) and Fixed Annuity (FA & FIA) products. You will collaborate with Pricing, R&D, Valuation, and New Business Reporting teams to provide cutting edge modeling and reporting capabilities.

You will join a team within the Enterprise Modeling division working to develop Life and Annuity Pricing Models using our in-house C#-based application.

How you’ll help move us forward:

• Lead pricing model development projects and serve as the modeling Subject Matter Expert for new and existing life and annuity products.

• Apply your knowledge of life and annuity products and regulations to build and maintain our pricing models—a high-speed and user-friendly C#-based pricing system.

• Perform model development, testing, and debugging of pricing models. Peer review changes made by other team members and act as an internal modeling expert for your colleagues.

• Collaborate with other modeling teams on methodology and technology. Validate pricing models against those used in other areas (e.g., Valuation, ALM, etc.).

• Support pricing and research actuaries with competition analysis, profit studies, product management, and speed to market.

• As the model liaison, educate model users on new features developed; support related production implementation efforts through model deployment.

• Support and comply with all Model Risk Management initiatives, documentation, and standards.

The experience you bring:

• Bachelor’s degree in actuarial science, computer science, finance, mathematics, or a related field.

• 6+ years of experience in actuarial modeling and coding.

• Proficiency in C#, Python, or other programming languages is preferred.

• Self-starter with the ability to develop solutions by collaborating with multiple business partners.

• Ability to work independently and collaboratively as part of a team and manage long-term projects.

• Detail-oriented with excellent organizational, communication, and interpersonal skills.

• Excellent analytical, problem-solving, and decision-making skills.

What will make you stand out:

• FSA, or career ASA.

• Experience coding in C#, Python, or other programming languages.

• Experience working with Azure DevOps and/or JIRA pipelines.

• Experience with software development processes, including CI/CD and version control systems such as Git

• Experience with complex products such as IUL, RILA, and other life and annuity products.

• Experience working with actuarial software, such as Prophet, ALFA, MoSes, or GGY.

• Experience with ALM/Hedging.

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 www.pacificlife.com. 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 goo