Senior Actuary - ALM Hedging

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 ALM Hedging team based in Newport Beach, CA or Omaha, NE. This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, you will be required to relocate.

As a Senior Actuary you’ll move Pacific Life, and your career, forward by leading hedge program feasibility efforts for insights into new hedge programs and enhancements to existing hedge programs. Moreover, you will serve as a key contributor by developing a comprehensive view of industry hedging practices. You will fill a role that sits on the Enterprise ALM Hedging team in the Pacific Life Investments division, while partnering with stakeholders throughout the company.

How you’ll help move us forward:

• Own the evaluation of the feasibility and effectiveness of new hedge programs, ensuring alignment with the organization's risk management framework

• Design and conduct testing and analysis on new hedge programs, both rider and indexed, associated with new and existing products

• Partner with divisional Product Development teams on new product market risks and hedging mitigation analysis. Influence Product Development in their design through prioritizing and balancing hedge effectiveness and efficiency 

• Analyze and recommend enhancements to current hedge programs based on industry research and stakeholder considerations

• Lead continuous improvement initiatives by analyzing program performance, identifying areas for enhancement, and implementing best practices in hedging strategies

• Conduct regular market analysis identifying hedging best practices and emerging trends from peer companies in the industry

• Assess the viability and effectiveness of common industry best hedging practices and drive enhancements to current hedge programs

• Own the model calibration, implementation and testing of Numerix and other exotic option valuation software

The experience you bring:

• FSA designation required with 6+ years of actuarial experience preferable

• Strong analytical and problem-solving skills with attention to detail and intellectual rigor

• Proven track record of advancing projects and delivering actionable insights

• Effective communicator with the ability to build relationships and collaborate across teams

• Hands-on experience in hedging, with knowledge of both life and annuity products

• Bachelor's degree in actuarial science, finance, mathematics, or a related field

What makes you stand out:

• Strong knowledge of annuity and life insurance product design

• Proficient in Bloomberg, Tableau, Prophet, Python

• A proven ability to work effectively as a member of team

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.

Benefits start Day 1.

Your wellbeing is important. We’re committed to providing flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and a Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents

• Generous paid time off options including Paid Time Off, Holiday Schedules, and Financial Planning Time Off

• Paid Parental Leave as well as an Adoption Assistance Program

• Competitive 401k savings plan with company match and an additional contribution regardless of participation.