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Pacific Life Insurance Company

Pacific Life Insurance Company

Associate Actuary - Enterprise Reinsurance

Associate Actuary - Enterprise Reinsurance

Job Details
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Uploaded On
May 27, 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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Recommend to a Friend
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Overall Score
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.

We're actively seeking a talented Associate Actuary to join our team in Newport Beach, CA or Omaha, NE onsite or on a hybrid schedule.

As an Associate Actuary, you'll play a key role in Pacific Life's growth and long-term success by primarily executing critical reinsurance projects. This role will be within Enterprise Reinsurance but will involve collaborating with teams across the enterprise.

How you'll help move us forward:
  • Lead analysis and execute new reinsurance arrangements supporting new business strategy from RFP to final implementation and internal/external communications.
  • Analyze inforce reinsurance to formulate a coordinated strategic approach to each reinsurer relationship.
  • Provide insights to senior management related to reinsurance transactions that help facilitate strategic reinsurance decisions.
  • Support reinsurance needs across the enterprise by working with Underwriting, Product Design, and other functional areas across the company.
  • Identify, assess, and communicate information regarding reinsurance risks with functions across the organization.
  • Lead analysis of reinsurance business insights, determining key risks and reporting results.
  • Guide junior reinsurance actuarial modelers or data analysts in evaluating reinsurance cash flow projections and data.


The experience you bring:
  • Experience in understanding and optimizing various work processes.
  • Demonstrable ability to plan and prioritize time and deliver to deadlines.
  • Familiarity with synthesizing messaging via visual software including PowerPoint, tableau and QlikView.
  • Additional qualifications for specific job levels as noted below:


6+ years actuarial experience, 4-year degree or equivalent experience, and FSA

designation or ASA designation with additional years of actuarial experience

What makes you stand out:
  • Ability to work in a fast-paced, dynamic environment with high degrees of ambiguity arising from a period of significant change.
  • Strong communication (both written and verbal) and interpersonal skills, demonstrating ability to build effective relationships and collaborate.
  • Highly accountable, self starter, with strong project management skills.


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.

Benefits start Day 1.

Your wellbeing is important. We're committed to providing 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 401k 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.

$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.
Apply Now

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.