Senior Actuary - Life and Annuity Pricing Modeler

Pacific Life • Newport Beach, CA

13d • 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 Senior Actuary - Life and Annuity Pricing Modeler to join our Enterprise Modeling 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. As a Senior Actuary - Life and Annuity Pricing Modeler, you’ll play a key role in Pacific Life’s growth and long-term success by developing and maintaining actuarial models used in life and annuity product pricing, e.g., Index Universal Life (IUL), Variable Universal Life (VUL), Term, Registered Index-Linked Annuity (RILA), Variable Annuity (VA) and Fixed Annuity (FA & FIA) products . You will collaborate with Pricing, R&D, Valuation, and New Business Reporting teams to provide cutting edge modeling and reporting capabilities. You will join a team within the Enterprise Modeling division working to develop Life and Annuity Pricing Models using our in-house C#-based application.

Requirements

• Bachelor’s degree in actuarial science, computer science, finance, mathematics, or a related field.
• 6+ years of experience in actuarial modeling and coding.
• Proficiency in C#, Python, or other programming languages is preferred.
• Self-starter with the ability to develop solutions by collaborating with multiple business partners.
• Ability to work independently and collaboratively as part of a team and manage long-term projects.
• Detail-oriented with excellent organizational, communication, and interpersonal skills.
• Excellent analytical, problem-solving, and decision-making skills.

Nice To Haves

• FSA designation
• Experience coding in C#, Python, or other programming languages.
• Experience working with Azure DevOps and/or JIRA pipelines.
• Experience with software development processes, including CI/CD and version control systems such as Git
• Experience with complex products such as IUL, RILA, and other life and annuity products.
• Experience working with actuarial software, such as Prophet, ALFA, MoSes, or GGY.
• Experience with ALM/Hedging.

Responsibilities

• Lead pricing model development projects and serve as the modeling Subject Matter Expert for new and existing life and annuity products.
• Apply your knowledge of life and annuity products and regulations to build and maintain our pricing models—a high-speed and user-friendly C#-based pricing system.
• Perform model development, testing, and debugging of pricing models.
• Peer review changes made by other team members and act as an internal modeling expert for your colleagues.
• Collaborate with other modeling teams on methodology and technology.
• Validate pricing models against those used in other areas (e.g., Valuation, ALM, etc.).
• Support pricing and research actuaries with competition analysis, profit studies, product management, and speed to market.
• As the model liaison, educate model users on new features developed; support related production implementation efforts through model deployment.
• Support and comply with all Model Risk Management initiatives, documentation, and standards.

Benefits

• Medical, Dental, Vision, and Wellbeing Reimbursement Account
• 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
• Relocation assistance

What This Job Offers

• Job Type: Full-time
• Career Level: Senior