Actuary & Director - Economic Value

Pacific Life•Newport Beach, CA

46d•Hybrid

About The Position

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 - Economic Value to join our Enterprise Valuation Aggregation & Optimization team in Newport Beach, CA, Omaha, NE, or Charlotte, NC. This is an individual contributor role that 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 & Director (FSA) - Economic Value you'll move Pacific Life, and your career, forward by playing a key role in the continued enhancement of economic reporting (EV/EC) and the optimization of processes across valuation. You will fill an existing role on the Aggregation & Optimization team with a primary focus on delivering the economic framework implementation and developing solutions to shape the economic reporting process of the future. This is an exciting opportunity to get big picture insight into Pacific Life's business mix, and to engage with business partners from across the Company.

Requirements

FSA designation
Bachelor's degree in actuarial science, finance, mathematics, or related field
8+ years of relevant experience within the life insurance sector
Experience with a range of reporting bases and product types including various ways to analyze business performance and metrics
Strong quantitative, analytical, and problem-solving skills with innate curiosity and attention to details
Effective verbal and written communication
Ability to work in a fast-paced, dynamic environment with high degrees of ambiguity
Demonstrable track record of working effectively with others and leading them

Nice To Haves

Direct or indirect people leadership; coaching, mentoring, guiding, influencing, etc.
Experience with Economic Reporting
Experience with Snowflake or similar software
Experience with Prophet or other actuarial modeling software

Responsibilities

Drive the implementation of the economic framework across valuation, including future state design, development of implementation standards, and operationalization of the framework for quarterly reporting
Collaborate with actuarial teams and users of actuarial outputs to define business needs and future state reporting vision within in the business
Bring consistency to our approach to reporting across the enterprise, providing guidance, templates and structure to meet the enterprise reporting needs
Develop standards, practices, and guidance around actuarial reporting, including how teams apply thresholds, analytics
Develop analysis to explain impacts and movements across our economic reporting basis, communicate results and analysis to key stakeholders
Serve as the SME for actuarial transformation related to EV/EC, working with various internal and external teams, including actuarial modelling, data, IT, and finance business partners to transform the economic reporting process to improve accuracy, trust, and timeline
Communicate results and analysis with clarity and appropriate for intended audience.
Conduct ad-hoc analysis and support requests or projects within the aggregation & optimization team as needed.

Benefits

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

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