Senior Actuary (FSA) - Annuity Inforce Management

Senior Actuary

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 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:

• Support annual plan projections and analysis
• Support rebasing of plan projections on a quarterly basis using updated economics and assumptions
• Collaborate with FP&A team on identifying drivers of plan to actual results
• Provide line of sight to management on key drivers to profitability and identify drivers of change to inforce MYGA/PLA profitability
• Provide sufficient information to identify impacts of NGE elements to plan income
• Lead monthly renewal rates analysis for RILA and communicate insights to the team
• Identify retention strategies for high performing business and partner with division on execution
• Identify remediation strategies for underperforming business and partner with division/enterprise on execution
• Develop and share business insights related to portfolio evolution from renewal rate decisions
• Develop current market risk insights with regards to product portfolio with emphasis on spread analysis, disintermediation analysis, cost of guaranteed rates
• Lead annual MRM updates and support MRM model and process review process
• Collaborate with Enterprise Modeling team to enhance Prophet model coding and perform UAT
• Perform assumption testing and keep the team informed of financial impacts
• Support Enterprise requests related to ALM, reinsurance, and other cross-functional initiatives
• Execute on responsibilities in satisfying the Division's goals and clients' needs through timely, efficient completion of projects, and through innovative products and processes.
• Demonstrate skills and behaviors that reflect a cohesive unit within teams and across the Product, Finance and other departments of CMD
• Communicate effectively with various audiences and be able to explain complex modeling issues in language appropriate for the audience. This ranges from teaching new hires to presenting to senior management.
• Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.

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.

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.