Senior Actuary (FSA) - Model Developer, New Business
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 Senior Actuary (FSA) and Pension Risk Transfer Lead to join our Enterprise Modeling Team. This opportunity is available with hybrid onsite presence in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If needed, relocation assistance is available.
Requirements
- Bachelor's degree in Actuarial Science, Computer Science, Engineering, or a related field
- FSA designation required
- Proficiency with Prophet Professional and Prophet Enterprise
- Proven experience collaborating with IT, transformation teams, and cross-functional stakeholders.
- Strong understanding of actuarial modeling, financial reporting, and regulatory requirements.
- Detail-oriented mindset with a focus on quality assurance.
- Excellent problem-solving skills, with the ability to think strategically and innovate.
- Effective communication skills, with the ability to explain technical concepts to coders, actuaries, and non-technical audiences.
Nice To Haves
- Strong background in model architecture and design.
- Proficiency in C#, Python, SQL, or other programming languages, with experience in object-oriented design and test-driven development.
- Experience with Azure DevOps, JIRA, Azure pipelines, Git, Snowflake, and AWS.
- Modeling experience with Life (Term, UL, VUL, IUL), Annuity (VA, RILA, FA, FIA), Institutional (PRT, HSA, FAB, DCLI), and Workforce Benefits (Vision, Dental, Group Life) products.
Responsibilities
- Maintain systems and perform development, testing, and debugging of pricing models, focusing on Pension Risk Transfer.
- Peer review changes made by other developers and act as an internal modeling expert for colleagues.
- Collaborate with model users to define requirements and deliver accurate, reliable, and effective solutions.
- Proactively evaluate and recommend modeling strategies and approaches to address business needs.
- Support pricing and research actuaries in competition analysis, profit studies, product management, and speed to market.
- Educate model users on new model features.
- Troubleshoot and investigate pricing models and related processes, including reconciliation as necessary.
- Collaborate with other modeling teams on methodology and technology; validate pricing models against those used in other areas (e.g., Valuation, ALM) for consistency.
- Apply CI/CD and Agile methodologies to model development.
- Support and comply with all Model Risk Management initiatives, documentation, and standards.
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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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
