Senior Actuary (FSA), Prophet Modeller

Pacific Life • Newport Beach, CA

12d • Hybrid

About The Position

Pacific Life is seeking a Senior Actuary - Prophet Modeler to join its Enterprise Modeling Team. The position focuses on leading Prophet model development for Pacific Life products and business cases, collaborating with Pricing, Valuation, ALM, Hedging, and IT infrastructure teams to provide modeling and reporting capabilities. The role is based on-site four days per week and remotely one day per week in Newport Beach, California; Omaha, Nebraska; or Charlotte, North Carolina. Relocation assistance is available for candidates who do not currently live near one of these offices. The role fills an existing position on a 14-person Enterprise Modeling team that includes software and data engineers, data scientists, and actuarial professionals. The actual title will reflect the selected candidate’s experience and exam progress. Candidates who meet most, but not all, requirements are encouraged to apply.

The successful candidate will develop and test Prophet models, review colleagues’ changes, and serve as an internal Prophet expert. They will recommend modeling strategies, lead initiatives to improve existing models, and partner with IT and business functions to simplify modeling processes. The role also provides guidance to junior staff and supports Model Risk Management and Model Steward documentation and standards.

Pacific Life describes its culture as collaborative and purpose-driven, with a commitment to diversity, equity, inclusion, and employee wellbeing. Benefits begin on the first day and include health and wellbeing offerings, paid time off, parental leave, adoption assistance, and a competitive 401(k) plan with company contributions. Most employees may also be eligible for additional incentive pay.

Requirements

• Bachelor’s degree in actuarial science, computer science, finance, mathematics, or a related field.
• At least 4 years of actuarial experience.
• At least 6 years of experience in actuarial modeling and coding.
• FSA designation.
• Willingness to work in a role involving heavy use of Prophet for pricing, valuation, and ALM modeling.
• Self-starter able to develop solutions in collaboration with multiple business partners.
• Ability to work independently and collaboratively and manage long-term projects.
• Detail-oriented, with strong organizational, communication, and interpersonal skills.
• Excellent analytical, problem-solving, and decision-making skills.

Nice To Haves

• Excellent communication skills.
• Experience coding in Python, Visual Basic, and SQL.
• Experience with Azure DevOps, JIRA, pipelines, and AWS.
• Advanced knowledge and experience in Prophet.
• Experience with annuity, institutional, and life products.
• Experience with ALM or hedging.
• CERA or CFA designation.

Responsibilities

• Develop models for new and existing life products.
• Develop, test, and debug Prophet models; peer review changes made by other team members; and serve as an internal Prophet expert.
• Evaluate and recommend modeling strategies and approaches that address business needs.
• Lead model development initiatives to improve and expand existing models.
• Partner with IT and functional areas to develop effective, innovative solutions that simplify modeling processes.
• Guide junior staff on methodology, model implementation, and testing and debugging.
• Support and comply with Model Risk Management initiatives and Model Steward documentation and standards.
• Collaborate with Pricing, Valuation, ALM, Hedging, and IT infrastructure teams to provide modeling and reporting capabilities.

Benefits

• Medical, dental, and vision coverage.
• Wellbeing Reimbursement Account for the employee or eligible dependents.
• Paid time off, holiday schedules, and Financial Planning Time Off.
• Paid parental leave.
• Adoption assistance program.
• Competitive 401(k) savings plan with company match and an additional company contribution regardless of participation.
• Most employees are eligible for additional incentive pay.
• Comprehensive relocation assistance for candidates not located near one of the listed offices.

What This Job Offers

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