Associate Actuary - Enterprise Modeling

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 Associate of Annuity Modeling to join our Enterprise Modeling Team in Newport Beach, CA or Omaha, NE. This role can be on-site or hybrid. We believe in empowering our employees to get work done both in and out of the office.

As an Associate Actuary of Enterprise Inforce Modeling, you’ll move Pacific Life, and your career, forward by participating in Prophet model development for Life and Annuity products, with a focus on fixed annuity and institutional products. You will collaborate with Pricing, Valuation, ALM, Hedging and IT infrastructure teams to provide innovative modeling and reporting capabilities. You will fill an existing role that sits on a team of ten people in the Enterprise Modeling division. Your colleagues will include software and data engineers, data scientists and advanced Prophet modelers you to collaborate with and learn from. 

How you’ll help move us forward:

• Perform model development and work with Model Subject Matter Experts (SMEs) for Immediate and Deferred Annuity products (FIA, FA, IA), Variable Annuity (VA), Life (term, WL, UL, VUL, IUL) as well as institutional products (Stable Value, PRT, HSA, FABN, DCLI).

• Perform model development and testing/debugging of Prophet models, peer review changes made by other team members.

• Partner with Model SMES to proactively evaluate and recommend modeling strategies and potential approaches to find solutions that best address business needs. 

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

• Create tools and develop procedures to increase productivity and lower risk in model development.

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

• Partner with Model SMEs to increase your expertise on methodology, model implementation, and testing/debugging to support modeling initiatives. 

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

The experience you bring:

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

• 2+ years’ experience in actuarial modeling and coding.

• Excited to work in a role that involves heavy use of Prophet in context of pricing, valuation and ALM modeling.

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

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

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

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

What makes you stand out:

• Excellent communication skill.

• Experience coding in Python, Visual Basic, and SQL.  

• Experience working with Azure DevOps, JIRA, pipelines, and AWS. 

• Advanced knowledge and experience in Prophet. 

• Experience with Annuity (VA, RILA, FA, FIA, etc..) products. 

• Experience with Institutional (Stable Value, PRT, HSA, FABN, DCLI) products.

• Experience with Life (TL, WL, IUL, VUL, etc…) products.

• Experience with ALM/Hedging. 

• ASA/FSA/CFA designation. 

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 good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upo