Associate Actuary, Life Valuation

Pacific Life • Omaha, NE

61d • Onsite

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 Associate Actuary to join our Enterprise Life GAAP Valuation team in Newport Beach, CA, Omaha NE or Toronto, Canada. This role is on-site. You'll work 4 days per week with flexibility at our state-of-the-art Newport Beach headquarters / modern Omaha office / new Toronto office.

Requirements

• Bachelor's degree in actuarial science, mathematics, finance, economics, data science or related field.
• ASA designation or near-designation.
• Familiarity with US GAAP reporting & requirements, particularly.
• Effective time management and multi-tasking skills.
• Strong analytical, interpersonal, and communication skills (both verbal and written).
• Familiarity with Microsoft Office as well as any other software such as Python, Prophet etc.

Responsibilities

• Support quarter-end GAAP valuation process, including: working extensively with the Life Prophet model, preparing model inputs, working with & communicating model output, ownership of a subset of the balance sheet (including the quarterly narrative & analysis).
• Analyze and communicate the quarterly reserve movements in the GAAP balance sheet, ensuring figures are accurately and timely reflected in the financial ledger.
• Collaborate with Enterprise Model Steward & Model Development teams to perform model regressions & attributions of proposed model enhancements and fixes.
• Maintain and improve, as necessary, process documentation of quarter-end processes around data & model operations to comply with best practices, model risk management, and internal controls.
• Maintaining procedures quality assurance procedures and related controls that enhance the accuracy and reliability of valuation processes when appropriate.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 1,001-5,000 employees