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Pacific Life Insurance Company

Pacific Life Insurance Company

Actuary & Software Engineer

Actuary & Software Engineer

Job Details
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Uploaded On
August 17, 2024
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Location
Newport Beach, United States
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Remote?
No
Company Overview
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Headquarters
Newport Beach, CA
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Number of Employees
3000
Estimated Number of Actuaries
204
Salary
$
160
k-$
195
k
Glassdoor Ratings
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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.

Are you passionate about solving complex problems and leveraging your actuarial and technical skills to drive business results? Do you enjoy pushing the boundaries of what's possible with data, technology, and modeling? If you're excited about tackling intricate actuarial systems challenges and contributing to innovative solutions, we want to hear from you!

In this role, you will work on projects involving actuarial production process automation, software development infrastructure, and model development for institutional products. Your work will be crucial in supporting our internal business partners to excel in their markets. You'll be working alongside a team of accomplished actuaries, engineers, and IT professionals in a strategically critical part of our organization.

This position can be on-site, hybrid, or 100% remote. For a remote candidate, you may be required to travel on occasion to attend critical company meetings or conferences. Candidates who meet most but not all the requirements are encouraged to apply. Actual job offer and title will be based on level of experience and skillset.

How you will make an impact:
  • Develop and maintain model code for various financial products, including Pension Risk Transfer, Stable Value, Lifetime Income, and Capital Markets.
  • Contribute to the implementation of actuarial automation systems using technologies such as Snowflake, AWS, Python, JavaScript, Docker, Git, and Azure Pipelines.
  • Collaborate with internal partners to define requirements and ensure the delivery of accurate, reliable, and effective solutions.
  • Assist in troubleshooting, debugging, and maintenance of model code and automation systems.
  • Participate in the development and deployment of reserving systems, leveraging technologies like Snowflake, Git, and Flyway.
  • Support and maintain LDTI production systems for the Enterprise Valuation Division.
  • Develop unit tests for models and assist in refining model deployment processes.
  • Conduct your work following CI/CD and Agile methodologies.
  • Contribute ideas to help the team improve its software development environment and processes.


The experience you will bring:
  • Bachelor's degree in Actuarial Science, Computer Science, Finance, Mathematics, or a related field.
  • FSA designation.
  • 6+ years of actuarial experience.
  • 4+ years of programming experience in any language.
  • Solid foundation in actuarial modeling and software development.
  • Strong analytical and problem-solving skills, with the ability to translate complex actuarial concepts into actionable insights.
  • Experience with version control, testing methods, and collaboration tools.
  • Knowledge of object-oriented programming concepts.
  • Proficiency in Python, Visual Basic, JavaScript, or SQL.
  • Proficiency in Prophet and Snowflake.
  • Excellent communication skills, with the ability to explain technical concepts to coders, actuarial, and non-technical audiences.
  • Demonstrated ability to work independently and collaboratively in a fast-paced environment.


What will make you stand out:
  • Demonstrated interest in software engineering and technology.
  • Understanding of CI/CD principles and source control techniques.
  • Familiarity with test-driven development, unit testing libraries in various languages, or can speak authoritatively on software development testing frameworks.
  • Experience with cloud technologies, particularly Snowflake, AWS, or Azure.
  • Familiarity with containerization technologies like Docker.
  • Experience in automation of or coordinating code merges through Git and Pull Requests.
  • Knowledge of various repository branching strategies.
  • Experience with code parallelization for multi-threaded or multi-processor implementations.
  • Demonstrated ability to simplify complex problems using first principles thinking.
  • Advanced knowledge and experience in Prophet.
  • Experience with Defined Contribution Lifetime Income (DCLI), QLAC, Target Date Funds, Personal Pension Funds, Group Annuity, Variable Annuity (VA), Fixed Income Annuity (FIA), Stable Value (SV) or other retirement products


Why You Should Apply
  • Be part of a team at the forefront of actuarial innovation and technological advancement.
  • Contribute to meaningful projects that impact the future of our clients and the company.
  • Collaborate with top talent across various departments.
  • Enjoy opportunities for career advancement and professional development.
  • Competitive compensation and benefits package.


#LI-MT1

#LI-Remote

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.

$159,660.00 - $195,140.00

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.
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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.

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