Job Description

Job Description

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 Senior Actuary to join the Variable Annuity Market Risk Management team within the Consumer Markets Division’s Inforce Management department. This role follows a hybrid schedule of four days in the office (on-site) based in Newport Beach, CA, or Omaha, NE. If you are not currently located near one of our offices, we offer comprehensive relocation benefits.

 

You’ll play a key role in Pacific Life’s growth and long-term success by working on the team that is accountable for model controls and governance, integration, egression testing, and model defect resolution. You’ll sit on a team within the Market Risk Management function and will work closely with stakeholders in risk management, capital management, hedging, valuation, modeling, and finance teams across the organization. 

How you will make an impact:

• Lead the Variable Annuity (VA) Market Risk production, overseeing junior team members, on the quarterly Financial Risk Projection and the annual Business Plan, including the projection of income statement, balance sheet, and capital requirement under various capital market and economic scenarios

• Conduct in-depth analysis on key drivers of market risk exposures including Aggregate Risk, Equity Risk, and Interest Rate Risk

• Produce VA market sensitivities and analyze Greeks including Delta, Rho, Vega, and Delta Gamma under various economic scenarios

• Support various risk management responsibilities, including assessment of potential risk mitigation approaches and hedging strategies

• Support various inforce management projects for the Variable Annuity business, including the development of market risk related VA assumptions

• Identify areas of potential improvements and implement solutions with emphasis on innovation, efficiency, and governance

The experience you will bring:  

• FSA designation

• 6+ years of actuarial experience in annuities, life insurance, or finance industry

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

• Strong quantitative, analytical, and problem-solving skills

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

What will make you stand out:   

• Experience with any actuarial modeling software, preferably Prophet

• Experience with any programming language, preferably R, Python, or Excel VBA

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 pay.

Your Benefits Start Day 1  

 

Your wellbeing is important to Pacific Life, and we’re 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, we’ve 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.

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