Actuary & Director - Enterprise Assumption Review
Pacific Life
Newport Beach, California
Full-Time
$203,760
RemoteDirector
Job Description:
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’sa big ask, butit’sone 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? Becauseit’sthe right thing to do. Pacific Life is more than ajob,it’sa career with purpose.It’sa career where you have the support, balance, and resources to make a positive impact on the future – including your own.
We’reactively seeking a talentedActuary &Director–EnterpriseAssumption Reviewto join our EnterpriseActuarial GovernanceTeam. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
AsanActuary &DirectorofEnterpriseAssumption Review,you’ll drive Pacific Life, and your career forward by collaborating across the enterprise to review actuarial assumptions, partner with first-line developers and key stakeholders (including Risk, Pricing, and Valuation), develop challenger models, and strengthen controls and governance.You will report directly to theVPActuarial& Appointed Actuary.
How you will make an impact:
Asa member of the Dedicated ReviewGroup,you willact as thelead or supportingreviewer of enterprise biometric (or policyholder behavior) assumptions, spanning multiple product lines and geographic marketsworld-wide, reinforcing the first line of defense.
Identifyand highlight areas of inconsistenciesfor assumption developers. Recognize business implications and ensurethat assumptions are well rounded and holistic.
Maintain comprehensive enterprise-wide guidance and champion best practices for assumption monitoring,experience studies and assumption development.
Collaborate with stakeholders in the first-line development and actuarial communities, and second-line risk pillars.
Deliverand supportcomprehensive peer review reports,detailingeffective challenges to the suitability of data selection, analytical methodologies,actuarial judgment,andverifying the analysis.
Engage in projects aimed at streamliningassumptiongovernance, enhancing efficiency and consistency in processes.
Support onassumptiondevelopmenttracking,creating a regulated process around assumptionimpacts, andcreatingPowerPointslidesfor assumption updates and approvals.
Build strong relationships withkeystakeholderstoenhance assumption monitoring, development, anddeployment acrossvarious differentpurposes.
Support and influence the development and future path of theassumptiongovernance framework.
FACTORS FOR SUCCESS:
7+years ofactuarial experience with an FSAor equivalentdesignation
Expertiseinassumption setting andexperience study methodologies, industry best practices, and statistical analysis
Excited to work in a role that involves predictive modeling, machine learning, and AI
Exhibit courage inidentifyingand addressing potential issues, providing effective challenge, and asking probing questions
Excellent analytical, problem-solving, anddecision-makingskills
Ability to present complex information in a clear and concise manner to various audiences, including senior management
Bachelor's degree in actuarial science, mathematics,finance,computer science or relatedfield or equivalent work experience
What will make you stand out:
Experience with R and Python
Experience workingacross different lines of business and products
Experience with Embedded Value and internationalreserving practices
Clear understanding of assumption governance principles
Salary Ranges per Location:
Newport Beach, CA: $203,760 - $249,040
Omaha, NE: $175,950 - $215,050
Charlotte, NC: $185,220 - $226,380
Base Pay Range:
The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$203,760.00 - $249,040.00Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
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
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.