Actuary & Director - Enterprise Assumption Review

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 Actuary & Director – Enterprise Assumption Review to join our Enterprise Actuarial Governance Team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.

As an Actuary & Director of Enterprise Assumption Review, you’ll drive Pacific Life, and your career forward by collaborating across the enterprise to review actuarial assumptions, partner with first-line developers and key stakeholders (including Risk, Pricing, and Valuation), develop challenger models, and strengthen controls and governance. You will report directly to the VP Actuarial & Appointed Actuary. 

How you will make an impact: 

• As a member of the Dedicated Review Group, you will act as the lead or supporting reviewer of enterprise biometric (or policyholder behavior) assumptions, spanning multiple product lines and geographic markets world-wide, reinforcing the first line of defense. 

• Identify and highlight areas of inconsistencies for assumption developers. Recognize business implications and ensure that assumptions are well rounded and holistic. 

• Maintain comprehensive enterprise-wide guidance and champion best practices for assumption monitoring, experience studies and assumption development. 

• Collaborate with stakeholders in the first-line development and actuarial communities, and second-line risk pillars. 

• Deliver and support comprehensive peer review reports, detailing effective challenges to the suitability of data selection, analytical methodologies, actuarial judgment, and verifying the analysis. 

• Engage in projects aimed at streamlining assumption governance, enhancing efficiency and consistency in processes. 

• Support on assumption development tracking, creating a regulated process around assumption