Senior Actuary - Life Projections

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 Actuarial Life Projections Team in Newport Beach, CA, or Omaha, NE.

As an actuary in the Enterprise Actuarial Life Projections team, you will play a key role in Pacific Life’s growth and long-term success. You will be responsible for Economic Value/Economic Capital and Cash Flow Testing projections for life insurance products. You will be accountable to the Corporate Appointed Actuary and Valuation Actuary for Asset Adequacy Analysis results.

How you’ll help move us forward:

• Support Economic Valuation/Economic Capital calculations as part of the enterprise economic framework.

• Support Asset Adequacy Analysis, including Cash Flow Testing projections, preparation of the Actuarial Opinion and Memorandum for multiple legal entities.

• Support other regulatory projection requirements, including AG38 8C, RBC C3P1, etc.

• Provide support for audit requests and interface with auditors, state regulators, and examiners as necessary.

• Oversee the model input data management, including the in-force liability data, the in-force asset data, and the economic scenarios.

• Support finance transformation projects, including Prophet and Snowflake implementation.

• Support and comply with all Model Risk Management initiatives and standards, including model risk, model documentation, and other best practices guidelines.

• Develop analytic tools to help explain the modeled results and movement from prior periods.

• Implement process improvements, automation, and efficiencies where applicable.

• Develop junior actuarial professionals by providing insight, guidance, and oversight. This includes setting and communicating clear objectives and expectations, providing stretch assignments based on their skills, providing knowledge transfer, coaching, and support.

• Communicate effectively with various audiences and be able to explain complex modeling issues in language appropriate for the audience. This ranges from teaching new hires to presenting to senior management.

• Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.

The experience you bring:

• Bachelor’s in actuarial science, finance, mathematics, or related field, or equivalent work experience.

• FSA with 6+ years of actuarial experience.

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

• Demonstrated leadership, organizational, and interpersonal skills.

• Judgment, resourcefulness, and ability to distill complicated issues into something more manageable.

• Excellent written/verbal communication skills with the ability to present complex information in a clear and concise manner to various audiences, including senior management.

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

• Solid experience with actuarial modeling software, Prophet a plus.

What makes you stand out:

• Experience with valuation processes.

• Previous management experience with a small team.

• Working knowledge of life insurance products.

• Highly organized and delivery-focused.

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.

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 p