Senior Actuary (FSA) - Fixed Annuity Valuation

Pacific Life • Newport Beach, CA

58d • 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. Why? 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 Fixed Annuity Valuation team in Newport Beach, CA, or Omaha NE. 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, you will be required to relocate. As a Senior Actuary, you will be working on Statutory, GAAP and Tax Valuation for the Fixed Annuity products, and will lead and support key valuation initiatives such as support regulatory changes implementation, new product development and valuation integration, model refinement, testing and validation, assumption impact analysis and oversight, reinsurance arrangement support, enhancement of quarter-end analysis and reporting, and process improvement and automation.

Requirements

• Bachelor's degree in Mathematics, Economics, Finance, Actuarial Science, Statistics, or related degree
• Fellow of the Society of Actuaries (FSA) with 7+years of experience
• Demonstrated initiative and ownership of responsibilities
• Strong problem-solving and communication skills

Nice To Haves

• Proficient in actuarial modeling software; experience with Poly Systems and Prophet is a plus
• working knowledge of fixed annuity valuation
• Ability to work independently and collaboratively as part of a team, and to manage long-term projects.

Responsibilities

• Review quarterly and annual reserves and financial entries for Fixed Annuity products
• Lead validation of modeling enhancements and modifications, ensuring proper controls and processes aligned with MRM and ICFR guidance
• Direct the development of analytical tools to explain modeled results and drivers of movement
• Support quantitative analysis of model output and enhance reporting capabilities
• Lead implementation of regulatory changes
• Oversee assumption impact analysis and sign off the assumptions for Fixed products
• Provide support for Fixed reserve audit requests (e.g., Department of Insurance), and interface with auditors, state regulators, and examiners
• Support new product development and implementation
• Communicate and present financial results to management with clarity and appropriate depth; develop and recommend strategies to address issues and improve performance
• Collaborate with colleagues across departments and divisions; build strong relationships and provide actuarial expertise to internal stakeholders and corporate management
• Lead and develop a team of actuarial professionals by providing guidance, oversight, and mentorship
• Perform ad-hoc analysis and contribute to special projects as needed

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: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 1,001-5,000 employees