Job Description:
Assistant Actuary/Associate Actuary – Actuarial Enterprise Projects
Pacific Life is investing in bright, agile, and driven talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Assistant Actuary/Associate Actuary to join our team in Omaha, NE, Newport Beach, CA or remotely for the right candidate. This role may be filled at the Assistant Actuary or Associate Actuary level depending on the experience and qualifications of the applicant.
As an Assistant Actuary/Associate Actuary, you’ll play a key role in Pacific Life’s growth and long-term success by primarily executing critical enterprise-wide projects. This role will be within Enterprise Actuarial but will have the opportunity to support a variety of actuarial projects that may involve collaborating with teams across the enterprise.
As part of the Enterprise projects team, you will be responsible for:
- Providing support across enterprise actuarial transformation efforts leading to efficiencies
- Driving consistent enterprise-level implementation of new actuarial reporting requirements and methodologies under external or internal reporting bases
- Supporting implementation of model development projects, conversions and large-scale changes
- Implementing required new regulatory changes involving actuarial responsibilities
- Supporting execution of large reinsurance transactions
- Providing back-up support for implementing new projects
Qualifications & Expertise
- Working knowledge of various reporting frameworks including regulatory and management reporting; economic value / economic capital, risk-neutral and real-world liabilities, best estimate, and padded assumption setting, etc.
- Experience in understanding and optimizing various work processes
- Demonstrable ability to plan and prioritize time and deliver to deadlines
- Knowledge of model development platforms and data processes
- Familiarity with synthesizing messaging via visual software including PowerPoint, tableau and QlikView
- Additional qualifications for specific job levels as noted below:
- Assistant Actuary: 4+ years actuarial experience, 4-year degree or equivalent experience, and ASA designation
- Associate Actuary: 6+ years actuarial experience, 4-year degree or equivalent experience, and FSA designation or ASA designation with additional years of actuarial experience
Key Skills and Behaviors
- 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
- Understanding of Change Management and its importance in delivering successful transformation
- Highly organized and delivery focused
- Self-starter, solution-based thinker
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.
$133,020.00 - $162,580.00Your 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.