Actuary & Director - Enterprise Assumption Review
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. 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 – Enterprise Assumption Review to join our Enterprise Actuarial Governance Team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
Requirements
- 7 + years of actuarial experience with an FSA or equivalent designation
- Expertise in assumption setting and experience study methodologies, industry best practices, and statistical analysis
- Excited to work in a role that involves predictive modeling, machine learning, and AI
- Exhibit courage in identifying and addressing potential issues, providing effective challenge, and asking probing questions
- Excellent analytical, problem-solving, and decision-making skills
- Ability to present complex information in a clear and concise manner to various audiences, including senior management
- Bachelor's degree in actuarial science, mathematics, finance, computer science or related field or equivalent work experience
Nice To Haves
- Experience with R and Python
- Experience working across different lines of business and products
- Experience with Embedded Value and international reserving practices
- Clear understanding of assumption governance principles
Responsibilities
- Act as the lead or supporting reviewer of enterprise biometric (or policyholder behavior) assumptions, spanning multiple product lines and geographic markets world-wide, reinforcing the first line of defense.
- Identify and highlight areas of inconsistencies for assumption developers.
- Recognize business implications and ensure that assumptions are well rounded and holistic.
- Maintain comprehensive enterprise-wide guidance and champion best practices for assumption monitoring, experience studies and assumption development.
- Collaborate with stakeholders in the first-line development and actuarial communities, and second-line risk pillars.
- Deliver and support comprehensive peer review reports, detailing effective challenges to the suitability of data selection, analytical methodologies, actuarial judgment, and verifying the analysis.
- Engage in projects aimed at streamlining assumption governance, enhancing efficiency and consistency in processes.
- Support on assumption development tracking, creating a regulated process around assumption impacts, and creating PowerPoint slides for assumption updates and approvals.
- Build strong relationships with key stakeholders to enhance assumption monitoring, development, and deployment across various different purposes.
- Support and influence the development and future path of the assumption governance framework.
Benefits
- Medical
- Dental
- Vision
- Wellbeing Reimbursement Account
- Paid Time Off
- Holiday Schedules
- Financial Planning Time Off
- Paid Parental Leave
- Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
- Relocation assistance
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What This Job Offers
Job Type
Full-time
Career Level
Director
