Senior Actuary (FSA) - Fixed Annuity Valuation

Pacific Life • Newport Beach, NC

6d • Hybrid

About The Position

Enterprise Valuation is seeking an experienced Senior Actuary to support Fixed Annuity Valuation, with primary responsibility for Bermuda Monetary Authority (BMA) reporting. The role owns key valuation and financial reporting activities, analyzes and communicates financial results, drives valuation and process enhancements, and provides actuarial expertise across strategic initiatives and cross-functional projects.

The position is on-site four days per week and work from home one day per week, based in Newport Beach, California; Omaha, Nebraska; or Charlotte, North Carolina. Comprehensive relocation assistance is offered to candidates who are not currently located near one of the offices.

The listed base salary ranges by location are $167,670–$204,236 for Newport Beach, $144,810–$176,990 for Omaha, and $152,370–$186,230 for Charlotte. The posting also lists a base pay range of $167,670–$204,930. Actual compensation depends on factors including experience, qualifications, and geographic location, and most employees are eligible for additional incentive pay.

Benefits start on day one and include medical, dental, and vision coverage; a wellbeing reimbursement account; paid time off, holiday schedules, and financial planning time off; paid parental leave; adoption assistance; and a 401(k) savings plan with company match and an additional contribution regardless of participation. Pacific Life describes its culture as committed to diversity and inclusion and supporting employees’ ability to thrive and achieve their potential.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related field.
• FSA designation.
• At least 4 years of relevant actuarial experience.
• Strong analytical, problem-solving, and communication skills.
• Demonstrated initiative, ownership, and ability to manage multiple priorities.
• Strong technical skills and experience in actuarial valuation and financial reporting.
• Ability to analyze complex results and communicate key insights to management and stakeholders.
• Strong collaboration skills and ability to work effectively across functions.

Nice To Haves

• Experience with Prophet.

Responsibilities

• Own quarterly and annual valuation and financial reporting for fixed annuity products under the BMA regime, ensuring timely and accurate delivery of results.
• Analyze valuation results, including attribution analysis, financial drivers, and quarter-over-quarter movements, and communicate findings to management and stakeholders.
• Coordinate and prepare responses to auditors, regulators, rating agencies, and other stakeholders, providing actuarial analysis and supporting documentation.
• Identify and implement process and analytical enhancements, including automation opportunities, stronger controls, and improved understanding of valuation results.
• Support and coordinate Model Risk Management (MRM) initiatives, including model documentation, peer reviews, model governance requirements, and adherence to best-practice guidelines.
• Lead testing and validation of model enhancements and modifications, analyze financial impacts, and confirm controls and processes align with MRM and ICFR guidance.
• Develop and maintain valuation databases, analytical tools, and reporting capabilities for financial analysis, management reporting, and ad hoc requests.
• Provide technical guidance and peer review to actuarial team members and contribute to the development of actuarial talent and team best practices.
• Perform ad hoc analyses and contribute to special projects and strategic initiatives as needed.

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.
• 401(k) savings plan with company match and an additional contribution regardless of participation.
• Additional incentive pay eligibility for most employees.
• Relocation assistance.

What This Job Offers

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