Senior Actuary (FSA) - Life Projections (Newport Beach)

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 Enterprise Actuarial Life Projections 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.

Responsibilities

• Support Economic Valuation/Economic Capital calculations as part of the enterprise economic framework.
• Support Asset Adequacy Analysis including Cash Flow Testing projections, preparation of the Actuarial Opinion and Memorandum for multiple legal entities.
• Support other regulatory projection requirements including AG38 8C, RBC C3P1, etc.
• Provide support for audit requests and interface with auditors, state regulators and examiners as necessary.
• Oversee the model input data management including the inforce liability data, the inforce asset data and the economic scenarios.
• Support finance transformation projects, including Prophet implementation.
• Support and comply with all Model Risk Management initiatives and standards, including model risk, model documentation, and other best practices guidelines.
• Develop analytic tools to help explain the modeled results and movement from prior periods.
• Implement process improvements, automation, and efficiencies where applicable.
• Develop junior actuarial professionals by providing insight, guidance and oversight. This includes setting and communicating clear objectives and expectations, providing stretch assignments based on their skills, providing knowledge transfer, coaching and support.
• 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.

Qualifications

• Bachelor’s in actuarial science, finance, mathematics or related field or equivalent work experience.
• FSA with 6+ years actuarial experience OR ASA with additional years of experience.
• Ability to work independently and collaboratively as part of a team, and to manage long‑term projects.
• Demonstrated leadership, organizational, and interpersonal skills.
• Judgement, resourcefulness, and ability to distill complicated issues into something more manageable.
• Excellent written/verbal communication skills with the ability to present complex information in a clear and concise manner to various audiences, including senior management.
• Excellent analytical, problem‑solving, and decision‑making skills.
• Solid experience with actuarial modeling software, MG‑ALFA or Prophet a plus.

What makes you stand out

• Previous experience managing/coaching junior staff.
• Working knowledge of life insurance products.
• Highly organized and delivery focused.

Benefits

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 a 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 401(k) savings plan with company match and an additional contribution regardless of participation.

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.

$167,670.00 – $204,930.00

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.