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Senior Actuary - Life and Annuity Pricing Modeler

Pacific LifeNewport Beach, CA
$144,810 - $204,930Hybrid

About The Position

Pacific Life is seeking a talented Senior Actuary - Life and Annuity Pricing Modeler to join their Enterprise Modeling Team. This role is hybrid, requiring 4 days in the office and 1 day remote, and is available in Newport Beach, CA, Omaha, NE, or Charlotte, NC. The company offers comprehensive relocation assistance. The Senior Actuary will be instrumental in Pacific Life's growth by developing and maintaining actuarial models for life and annuity products such as IUL, VUL, Term, RILA, VA, and FA & FIA. This position involves collaboration with Pricing, R&D, Valuation, and New Business Reporting teams to deliver advanced modeling and reporting capabilities. The role is within the Enterprise Modeling division, focusing on developing Life and Annuity Pricing Models using an in-house C#-based application.

Requirements

  • Bachelor’s degree in actuarial science, computer science, finance, mathematics, or a related field.
  • 6+ years of experience in actuarial modeling and coding.
  • Self-starter with the ability to develop solutions by collaborating with multiple business partners.
  • Ability to work independently and collaboratively as part of a team and manage long-term projects.
  • Detail-oriented with excellent organizational, communication, and interpersonal skills.
  • Excellent analytical, problem-solving, and decision-making skills.

Nice To Haves

  • FSA designation
  • Proficiency in C#, Python, or other programming languages is preferred.
  • Experience working with Azure DevOps and/or JIRA pipelines.
  • Experience with software development processes, including CI/CD and version control systems such as Git
  • Experience with complex products such as IUL, RILA, and other life and annuity products.
  • Experience working with actuarial software, such as Prophet, ALFA, MoSes, or GGY.
  • Experience with ALM/Hedging.

Responsibilities

  • Lead pricing model development projects and serve as the modeling Subject Matter Expert for new and existing life and annuity products.
  • Apply knowledge of life and annuity products and regulations to build and maintain pricing models using a high-speed, user-friendly C#-based pricing system.
  • Perform model development, testing, and debugging of pricing models.
  • Peer review changes made by other team members and act as an internal modeling expert for colleagues.
  • Collaborate with other modeling teams on methodology and technology.
  • Validate pricing models against those used in other areas (e.g., Valuation, ALM).
  • Support pricing and research actuaries with competition analysis, profit studies, product management, and speed to market.
  • Educate model users on new features and support related production implementation efforts through model deployment.
  • Support and comply with all Model Risk Management initiatives, documentation, and standards.

Benefits

  • Comprehensive relocation assistance
  • Medical, Dental, Vision
  • Wellbeing Reimbursement Account
  • Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
  • Paid Parental Leave
  • Adoption Assistance Program
  • Competitive 401k savings plan with company match and an additional contribution regardless of participation

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