Senior Actuary (FSA) - Annuity Inforce Management

Pacific Life • Charlotte, NC

2d • Hybrid

About The Position

Pacific Life is seeking a talented Senior Actuary to join their Annuity Inforce Management team. This role is based in Newport Beach, CA, Omaha, NE, or Charlotte, NC, and follows a hybrid schedule requiring four days in the office. The company offers comprehensive relocation assistance if needed. The position is crucial for supporting policyholders by providing for loved ones, planning rewarding retirements, and saving for the future. Pacific Life emphasizes collaboration and innovation to transform the industry, offering a career with purpose, support, balance, and resources to make a positive impact.

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

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
• Paid Parental Leave as well as an Adoption Assistance Program
• Competitive 401k savings plan with company match and an additional contribution regardless of participation

What This Job Offers

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