Pacific Life
Actuary - Fixed Annuity Valuation
Pacific Life, Newport Beach, California, United States, 92660
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. Its a big ask, but its 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 its the right thing to do. Pacific Life is more than a job, its a career with purpose. Its a career where you have the support, balance, and resources to make a positive impact on the future
including your own.
Were actively seeking a talented Actuary to join our Fixed Annuity Valuation team
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 an Actuary, you will be working on Statutory, GAAP and Tax Valuation for the Fixed Annuity products, and will lead and support key valuation initiatives such as support regulatory changes implementation, new product development and valuation integration, model refinement, testing and validation, assumption impact analysis and oversight, reinsurance arrangement support, enhancement of quarter-end analysis and reporting, and process improvement and automation.
How you will make an impact: Review quarterly and annual reserves and financial entries for Fixed Annuity products
Lead validation of modeling enhancements and modifications, ensuring proper controls and processes aligned with MRM and ICFR guidance
Direct the development of analytical tools to explain modeled results and drivers of movement
Support quantitative analysis of model output and enhance reporting capabilities
Lead implementation of regulatory changes
Oversee assumption impact analysis and sign off the assumptions for Fixed products
Provide support for Fixed reserve audit requests (e.g., Department of Insurance), and interface with auditors, state regulators, and examiners
Support new product development and implementation
Communicate and present financial results to management with clarity and appropriate depth; develop and recommend strategies to address issues and improve performance
Collaborate with colleagues across departments and divisions; build strong relationships and provide actuarial expertise to internal stakeholders and corporate management
Lead and develop a team of actuarial professionals by providing guidance, oversight, and mentorship
Perform ad-hoc analysis and contribute to special projects as needed
The experience you will bring: Bachelor's degree in Mathematics, Economics, Finance, Actuarial Science, Statistics, or related degree
Fellow of the Society of Actuaries (FSA) with 5+years of experience
Demonstrated initiative and ownership of responsibilities
Strong problem-solving and communication skills
What will make you stand out: Proficient in actuarial modeling software; experience with Poly Systems and Prophet is a plus
working knowledge of fixed annuity valuation
Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
You can be who you are.
People come first here. Were committed to an inclusive workforce. Learn more about how we create a welcoming work environment at www.pacificlife.com. Whats life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
Base Pay Range:
The base pay range noted represents the companys 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 pay.
$134,280.00 - $164,120.00 Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and were committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, weve got you covered.
Prioritization of your health and well-being including Medical, Dental, Vision, and 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
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
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. Its a big ask, but its 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 its the right thing to do. Pacific Life is more than a job, its a career with purpose. Its a career where you have the support, balance, and resources to make a positive impact on the future
including your own.
Were actively seeking a talented Actuary to join our Fixed Annuity Valuation team
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 an Actuary, you will be working on Statutory, GAAP and Tax Valuation for the Fixed Annuity products, and will lead and support key valuation initiatives such as support regulatory changes implementation, new product development and valuation integration, model refinement, testing and validation, assumption impact analysis and oversight, reinsurance arrangement support, enhancement of quarter-end analysis and reporting, and process improvement and automation.
How you will make an impact: Review quarterly and annual reserves and financial entries for Fixed Annuity products
Lead validation of modeling enhancements and modifications, ensuring proper controls and processes aligned with MRM and ICFR guidance
Direct the development of analytical tools to explain modeled results and drivers of movement
Support quantitative analysis of model output and enhance reporting capabilities
Lead implementation of regulatory changes
Oversee assumption impact analysis and sign off the assumptions for Fixed products
Provide support for Fixed reserve audit requests (e.g., Department of Insurance), and interface with auditors, state regulators, and examiners
Support new product development and implementation
Communicate and present financial results to management with clarity and appropriate depth; develop and recommend strategies to address issues and improve performance
Collaborate with colleagues across departments and divisions; build strong relationships and provide actuarial expertise to internal stakeholders and corporate management
Lead and develop a team of actuarial professionals by providing guidance, oversight, and mentorship
Perform ad-hoc analysis and contribute to special projects as needed
The experience you will bring: Bachelor's degree in Mathematics, Economics, Finance, Actuarial Science, Statistics, or related degree
Fellow of the Society of Actuaries (FSA) with 5+years of experience
Demonstrated initiative and ownership of responsibilities
Strong problem-solving and communication skills
What will make you stand out: Proficient in actuarial modeling software; experience with Poly Systems and Prophet is a plus
working knowledge of fixed annuity valuation
Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
You can be who you are.
People come first here. Were committed to an inclusive workforce. Learn more about how we create a welcoming work environment at www.pacificlife.com. Whats life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
Base Pay Range:
The base pay range noted represents the companys 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 pay.
$134,280.00 - $164,120.00 Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and were committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, weve got you covered.
Prioritization of your health and well-being including Medical, Dental, Vision, and 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
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.