Actuary & Director, Model Risk Management
About The Position
Pacific Life is seeking an Actuary & Director, Model Risk Management to join our 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. This role is a strong fit for a senior life actuary who enjoys technical depth, independent challenge, and practical business impact. You will lead second-line model risk oversight for Life insurance models across Financial Reporting, Product Development, Forecasting, and related model uses. You will work directly with business leaders, model developers, and risk committees to assess whether models are fit for purpose. This role will report directly to the VP of Model Risk Management and offers broad visibility across Pacific Life’s products and functions.
Requirements
- 8+ years of actuarial experience with an FSA designation.
- Deep experience in Life products, in areas of actuarial modeling, financial reporting, forecasting, pricing, or economic valuation.
- Ability to challenge technical work constructively and influence senior leaders and technical teams.
- Experience reviewing, validating, developing, or testing complex actuarial models.
- Strong communication skills, including the ability to explain complex modeling issues in clear business language.
- Strong project leadership, judgment, and stakeholder management skills.
Nice To Haves
- Experience with Prophet.
- Familiarity in emerging AI tools and advanced analytics.
- Experience building validation / replication / challenger models.
Responsibilities
- Lead comprehensive reviews of Life models and provide clear, practical recommendations to owners, senior leaders, and risk committees.
- Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.
- Provide expert guidance on efficient modeling techniques and robust governance practices, to bolster model risk management.
- Collaborate with cross-domain subject experts to understand and impact the business more holistically and help advance Pacific Life’s model risk framework and practices.
- Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.
Benefits
- Comprehensive relocation assistance
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
