Senior Actuary (FSA) - Life Projections
About The Position
Pacific Life is seeking a talented Senior Actuary to join their Enterprise Actuarial Life Projections Team. This role is crucial for the company's growth and long-term success, focusing on Economic Value/Economic Capital and Cash Flow Testing projections for life insurance products. The position involves accountability to the Corporate Appointed Actuary and Valuation Actuary for Asset Adequacy Analysis results. The role offers a hybrid work model, being on-site 4 days per week and working from home 1 day per week, with options for locations in Newport Beach, CA, Omaha, NE, or Charlotte, NC. Comprehensive relocation assistance is available for those not currently located near an office. Pacific Life emphasizes a collaborative and innovative environment, viewing the role as a career with purpose and offering support, balance, and resources for employees to make a positive impact.
Requirements
- Bachelor’s in actuarial science, finance, mathematics or related field or equivalent work experience.
- FSA with 6+ years actuarial experience OR ASA with additional years of experience.
- Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
- Demonstrated leadership, organizational, and interpersonal skills.
- Judgement, resourcefulness, and ability to distill complicated issues into something more manageable.
- Excellent written/verbal communication skills with the ability to present complex information in a clear and concise manner to various audiences, including senior management.
- Excellent analytical, problem-solving, and decision-making skills.
- Solid experience with actuarial modeling software.
Nice To Haves
- MG-ALFA or Prophet a plus.
- Previous experience managing/coaching junior staff.
- Working knowledge of life insurance products.
- Highly organized and delivery focused.
Responsibilities
- Support Economic Valuation/Economic Capital calculations as part of the enterprise economic framework.
- Support Asset Adequacy Analysis including Cash Flow Testing projections, preparation of the Actuarial Opinion and Memorandum for multiple legal entities.
- Support other regulatory projection requirements including AG38 8C, RBC C3P1, etc.
- Provide support for audit requests and interface with auditors, state regulators and examiners as necessary.
- Oversee the model input data management including the inforce liability data, the inforce asset data and the economic scenarios.
- Support finance transformation projects, including Prophet implementation.
- Support and comply with all Model Risk Management initiatives and standards, including model risk, model documentation, and other best practices guidelines.
- Develop analytic tools to help explain the modeled results and movement from prior periods.
- Implement process improvements, automation, and efficiencies where applicable.
- Develop junior actuarial professionals by providing insight, guidance and oversight. This includes setting and communicating clear objectives and expectations, providing stretch assignments based on their skills, providing knowledge transfer, coaching and support.
- Communicate effectively with various audiences and be able to explain complex modeling issues in language appropriate for the audience. This ranges from teaching new hires to presenting to senior management.
- Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.
Benefits
- 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.
- Relocation assistance
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What This Job Offers
Job Type
Full-time
Career Level
Senior
