Senior Actuary (FSA) - Annuity Inforce Management

Pacific Life • Newport Beach, NC

23h • 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. 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 to join our Annuity Inforce Management in Newport Beach, CA, Omaha, NE or Charlotte, NC. This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, we offer comprehensive relocation assistance.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Data Science, or other related fields.
• FSA designation required.
• Experience working with some actuarial modeling software (Prophet preferred)
• Experience working with large data sets (e.g., Alteryx, Snowflake) and data visualization software (e.g. Tableau).
• Ability to work independently and collaboratively as part of a team and to manage long-term projects.
• Detail-oriented with excellent organizational and interpersonal skills.
• Excellent analytical, critical-thinking, problem-solving, and decision-making skills.

Nice To Haves

• 6+ years of actuarial experience preferred.
• Experience with annuity products and features.
• Experience in annuity Pricing and Rate-Setting.
• Knowledge of different accounting frameworks.
• Good understanding of reinsurance, hedging, and asset strategy.
• Ability to drive discussion with senior leadership.

Responsibilities

• Support annual plan projections and analysis
• Support rebasing of plan projections on a quarterly basis using updated economics and assumptions
• Collaborate with FP&A team on identifying drivers of plan to actual results
• Provide line of sight to management on key drivers to profitability and identify drivers of change to inforce MYGA/PLA profitability
• Provide sufficient information to identify impacts of NGE elements to plan income
• Lead monthly renewal rates analysis for RILA and communicate insights to the team
• Identify retention strategies for high performing business and partner with division on execution
• Identify remediation strategies for underperforming business and partner with division/enterprise on execution
• Develop and share business insights related to portfolio evolution from renewal rate decisions
• Develop current market risk insights with regards to product portfolio with emphasis on spread analysis, disintermediation analysis, cost of guaranteed rates
• Lead annual MRM updates and support MRM model and process review process
• Collaborate with Enterprise Modeling team to enhance Prophet model coding and perform UAT
• Perform assumption testing and keep the team informed of financial impacts
• Support Enterprise requests related to ALM, reinsurance, and other cross-functional initiatives
• Execute on responsibilities in satisfying the Division's goals and clients' needs through timely, efficient completion of projects, and through innovative products and processes.
• Demonstrate skills and behaviors that reflect a cohesive unit within teams and across the Product, Finance and other departments of CMD
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 501-1,000 employees