Job Description:

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Actuarial Analyst II to join our Market Risk Management team within the Consumer Markets Division. This role can be on-site or hybrid in Newport Beach, CA or Omaha, NE.

As an Actuarial Analyst II, you’ll play a key role in Pacific Life’s growth and long-term success by supporting the Variable Annuity risk projections for the GAAP/LDTI framework. Projections are used in the ERM Framework as part of the Risk Appetite Statement, and longer horizon projections are used in the Business Plan by senior leaders. The actual level and title of this position will depend on experience and exam progress. Individuals who do not exactly meet the qualifications are encouraged to apply.

How you will make an impact:

• Produce the quarterly Financial Risk Projection and the annual Business Plan results for the Variable Annuity business on the GAAP/LDTI basis, including the projection of balance sheets and income statements under various capital market and economic scenarios

• Support the ongoing Prophet model implementation for the Variable Annuity LDTI projection

• Analyze key drivers of change in risk exposures including aggregate risk, equity risk, and interest rate risk

• Support various risk management responsibilities, including assessment of potential risk mitigation approaches and hedging strategies

• Identify areas of potential improvements and implement solutions with emphasis on innovation, efficiency, and governance

• Actively pursue the ASA/FSA credential by participating in the Actuarial Student Program

The experience you will bring:

• 2+ years of actuarial work experience

• Bachelor's degree in Actuarial Science, Mathematics, Economics, Finance, Statistics, or related field

What will make you stand out:

• Strong interest in financial markets

• Understanding of Variable Annuity business, derivatives, and option greeks

• Attention to detail with strong analytic and problem-solving skills

• Experience working with any actuarial modeling software (eg. FIS Prophet, Moses, MG-ALFA)

• Experience working with Snowflake, Tableau, SQL database language, or any programming language (eg. Python)

You belong at Pacific Life

At Pacific Life we are committed to a culture of belonging, a space where all employees are empowered to be authentic. One way we cultivate an inclusive culture is through our employee connection groups. The purpose of these employee-led groups is to offer a place to build community, connection, camaraderie, and a sense of belonging. Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at www.pacificlife.com. 

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

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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.

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

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.