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 Associate Actuary to join the Office of the Chief Actuary in Newport Beach, CA. This role can be on-site, hybrid, or 100% remote (depending on location).
As an Associate Actuary, you'll play a key role in Pacific Life's growth and long-term success by primarily managing and overseeing the corporate framework to consolidate company-wide results to satisfy statutory reporting requirements. You will fill an existing role that sits on a team of four people in the Corporate division.
How you will make an impact:
- You will ensure RBC C3 Phase I modeled results for two legal entities meet regulatory requirements and prepare compliance memoranda
- You will oversee the RBC C3 Phase I cash flow modeling process, consolidate company-level results, and explain quarterly changes
- You will assist in aggregating results, consolidated reporting, and storytelling for asset adequacy testing and principle-based reserving
- You will manage actuarial modeling process and results for longevity and life insurance retrocession businesses, for US statutory requirements ensuring regulatory compliance
- You will serve as a resource on emerging statutory reserves, regulatory requirements and statement preparation
- You will contribute to process improvements, data integrity, and compliance with regulatory guidelines
The experience you will bring:
- FSA Designation
- 6+ years of Actuarial experience
- Strong communication and organizational skills
- Detail-oriented with a solutions-driven mindset
- Team player
What will make you stand out:
- Experience with statutory reporting requirements is a plus
- Actuarial modeling experience is helpful but not required (Prophet)
- Working knowledge of Alteryx, Tableau, and Workiva is preferred but not required
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.
$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.
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.