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 are actively seeking a talented Actuary & Director to join our Model Risk Management team in Newport Beach, CA. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office. Applicants open to relocating to Newport Beach, CA are encouraged to apply.
As an Actuary & Director you'll move Pacific Life, and your career, forward by leading model risk oversight for Annuity models - spanning Financial Reporting, Product Development, Economic Valuation, and Forecasting. In this dynamic role, you'll collaborate across the Enterprise to ensure models are fit for purpose, compliant with standards, and align to the company's risk appetite. You'll partner with business teams, model developers, and senior leaders to assess assumptions, identify risks, and provide actionable recommendations that strengthen model performance and reliability.
How you'll help move us forward:
- Lead comprehensive reviews of Annuity models and clearly present findings to owners, senior leaders, and risk committees.
- Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.
- Guide on efficient modeling techniques and robust governance practices, to bolster model risk management.
- Collaborate with cross-domain subject experts (life, capital markets, AI/ML, etc.) to understand and impact the business more holistically, and contribute to the evolution of the MRM Framework.
- Stay current on emerging practice, modeling techniques and software.
The experience you bring:
- 8+ years of actuarial experience with an FSA designation.
- Experience in Annuity products (FIA, MYGA, VA, RILA), in areas of financial reporting, forecasting, pricing, and/or actuarial modeling.
- Ability to influence and challenge both senior leaders and technical teams effectively.
- Ability to build validation / replication / challenger tools.
- Bachelor's degree in actuarial science, mathematics, computer science or a related quantitative field.
What makes you stand out:
- Experience in validating models.
- Experience working in Prophet.
- Familiarity with C#, Python, Visual Basic, SQL or related programming languages.
You can be who you are.
People come first here. We're committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What's life like at Pacific Life? Visit 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.
$198,810.00 - $242,990.00
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
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.
Working at
Pacific Life Insurance Company
Pacific Life Insurance Company is a reputable and long-standing provider of life insurance, annuities, and investment solutions. With a rich history spanning over 150 years, Pacific Life has established itself as a trusted name in the industry, known for its financial strength and stability. Actuaries play a crucial role at Pacific Life, utilizing their expertise in risk assessment and management to develop innovative and competitive products. They analyze vast amounts of data, conduct in-depth calculations, and employ advanced statistical models to determine appropriate pricing and risk levels for insurance and investment offerings. Actuaries collaborate closely with cross-functional teams, including underwriters and product managers, to ensure the company's products meet the needs of its diverse customer base. Pacific Life recognizes the value of continuous professional development and supports its actuaries in pursuing actuarial exams and further enhancing their skills. Through comprehensive training programs, mentorship opportunities, and access to industry seminars, actuaries at Pacific Life can stay at the forefront of the field and expand their knowledge. Joining Pacific Life as an actuary means becoming part of a dynamic and inclusive work environment, dedicated to innovation and excellence. Actuaries can expect competitive compensation packages, comprehensive benefits, and a supportive culture that values work-life balance. By joining Pacific Life, actuaries have the opportunity to make a meaningful impact in the lives of individuals and families by helping them secure their financial future with reliable insurance and investment solutions.