Senior Actuary (FSA) - Profitability Management

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'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 S enior Actuary to join our Annuity Inforce Management in Newport Beach, CA, Omaha, NE or Charlotte, NC. 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, we offer comprehensive relocation assistance.

Key responsibilities on the team are:

• Annual plan projections and quarterly re-forecasting for our annuity portfolio.
• Analyze drivers of plan vs. actual results, providing clear explanations and actionable insights to the Financial Planning & Analysis (FP&A) team and senior management.
• Monitor and interpret in-force performance metrics to identify profitability trends and any needed adjustments.
• Assess the impact of non-guaranteed elements (e.g., credited rates) on earnings, giving management early line-of-sight into emerging opportunities or risks.
• Oversee renewal rate analysis, drawing insights to inform rate-setting decisions.
• Partner with product teams to implement retention strategies for high-performing segments and remediation plans for underperforming business to maximize long-term value.
• Collaborate with the Enterprise Modeling team to enhance our Prophet models (including coding updates and user acceptance testing).
• Ensure robust model risk management via annual model updates and reviews.
• Develop current market risk insights (e.g., spread analysis, disintermediation risk, cost of guarantees) to guide portfolio management strategies.
• Work closely with Finance, FP&A, Asset-Liability Management (ALM), Reinsurance, and other stakeholders on enterprise initiatives involving the annuity in-force block.
• Clearly communicate complex modeling results and recommendations to diverse audiences - from new team members to executive leadership - translating technical findings into actionable business terms.

The experience you bring:

• 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.

What makes you stand out:

• 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.

Base Salary Ranges per Location:

• Charlotte, NC: $152,370 - $186,230
• Newport Beach, CA: $167,670 - $204,930
• Omaha, NE: $144,810 - $176,990

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.

$152,370.00 - $186,230.00

Your 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.