Senior Actuary, Model Risk

Pacific Life • Newport Beach, CA

13h • $167,700 - $195,600 • Hybrid

About The Position

Pacific Life is seeking a Senior Actuary, Model Risk Management to join its team in Newport Beach, California. This hybrid role offers broad exposure across life, annuities, institutional, and workforce benefits businesses. The actuary will lead independent model reviews, challenge complex actuarial models, and present conclusions to model owners and senior leaders. The position reports to the AVP of Model Risk Management and has visibility across Pacific Life’s products and functions.

Requirements

• FSA designation and at least 5 years of relevant actuarial experience.
• Hands-on experience in one or more of the following: life or annuity valuation, pricing, forecasting, ALM, hedging, or economic capital.
• Demonstrated experience reviewing, developing, or validating complex actuarial models.
• Strong actuarial judgment and ability to identify material issues beyond calculation accuracy.
• Experience leading projects, managing competing priorities, and communicating conclusions to senior stakeholders.
• Ability to work independently and get up to speed quickly in unfamiliar areas.

Nice To Haves

• Experience with Prophet or other actuarial modeling platforms.
• Prior model validation or second-line risk experience.
• Coding skills such as Python, R, or SQL, and familiarity with emerging AI tools and predictive modeling.
• Working knowledge of principle-based reserving, LDTI, or asset adequacy testing.

Responsibilities

• Lead comprehensive reviews of financial reporting, pricing, forecasting, and economic models, providing practical recommendations to model owners, senior leaders, and risk committees.
• Challenge methodologies and assumptions, identify material risks, and drive meaningful improvements.
• Provide expert guidance on efficient modeling techniques and robust governance practices to strengthen model risk management.
• Work across subject areas as priorities shift, collaborating with model risk Directors and data science colleagues to improve the model risk framework, tools, and practices.
• Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.

Benefits

• Medical, dental, and vision coverage.
• Wellbeing Reimbursement Account for employees or eligible dependents.
• Paid time off, holiday schedules, and financial planning time off.
• Paid parental leave.
• Adoption assistance program.
• 401(k) savings plan with company match and an additional contribution regardless of participation.
• Additional incentive pay may be available to most employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed