Actuary & Director - Enterprise Assumption Review

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   Actuary &  Director  –  Enterprise   Assumption Review   to join our Enterprise   Actuarial Governance   Team. 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.

As   an   Actuary &  Director   o f   Enterprise   Assumption Review ,   you’ll drive Pacific Life, and your career forward by collaborating across the enterprise to r eview actuarial assumptions, partner with first-line developers and key stakeholders (including Risk, Pricing, and Valuation), develop challenger models, and strengthen controls and governance.   Y ou will report directly to the   VP   Actuarial  & Appointed Actuary .  

How you will make an impact:  

• A s   a member of the Dedicated Review   Group,   you will   act as the   lead or supporting   reviewer of enterprise biometric (or policyholder behavior) assumptions, spanning multiple product lines and geographic markets   world-wide , reinforcing the first line of defense .  

• Identify   and highlight areas of inconsistencies   for assumption developers. Recognize business implications and ensure   that 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 .  

• Deliver   and support   comprehensive peer review reports,   detailing   effective challenges to the suitability of data selection, analytical methodologies,   actuarial judgment,   and   verifying the analysi s.  

• Engage in projects aimed at streamlining   assumption   governance, enhancing efficiency and consistency in processes .  

• Support on   assumption   development   tracking,   creating a regulated process around assumption   impacts, and   creating   PowerPoint   slides   for assumption updates and approvals .  

• Build strong relationships with   key   stakeholders   to   enhance assumption monitoring, development, and   deployment across   various different   purposes.  

• Support and influence the development and future path of the   assumption   governance framework.

 

FACTORS FOR SUCCESS:  

• 7+  years of   actuarial experience with an FSA   or equivalent   designation  

• E xpertise   in   assumption setting and   experience study methodologies, industry best practices, and statistical analysis  

• Excited to work in a role that involves predictive modeling, machine learning, and AI  

• Exhibit courage in   identifying   and addressing potential issues, providing effective challenge, and asking probing question s  

• Excellent analytical, problem-solving, and   decision-making   skills  

• Ability to present complex information in a clear and concise manner to various audiences, including senior manag ement  

• Bachelor's degree in actuarial science, mathematics,   finance,   computer science or related   field or equivalent work experience  

What will make you stand out:  

• Experience with R and Python  

• Experience working   across different lines of business and products  

• Experience with Embedded Value and international   reserving 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 - $249,040.00

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.