Job Description:

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 Associate Actuary – Model Developer to join our Model Development team within the Consumer Markets Division Product Development department. This role can be on-site, hybrid, or 100% remote.
 
As an Associate Actuary – Model Developer, you’ll play a key role in Pacific Life’s growth and long-term success by developing and maintaining actuarial models used in annuity and life product pricing. You will collaborate with pricing and research teams to provide cutting edge modeling and reporting capabilities.

We are open to considering candidates with a strong modelling background in Annuity/Life products for this role.

How You'll Contribute:

• Work in a modeling role focused on model development for new and existing annuity products.
• Apply knowledge of annuity products and regulations to build/maintain the Turbo Actuary – a high speed and user-friendly C# based product Pricing system.
• Perform model development and testing/debugging of pricing models, peer review changes made by other team members and act as an internal annuity modeling expert for your colleagues.
• Collaborate with other modeling teams on methodology and technology. Validate Turbo Actuary pricing model against models used in other areas (e.g., Valuation, ALM, etc.) for consistency.
• Support pricing and research actuaries for competition analysis, profit study, product management, and speed to market.
• As the model liaison, educate model users on new model features developed and support related production implementation efforts through model deployment.
• Support and comply with all Model Risk Management initiatives, documentation, and standards.
• Teamwork with other team members to support life pricing modeling projects.

Model Development Environment:

• Visual Studio, C#, Excel
• We are open to new ideas and tools as long as they improve productivity.

The experience you'll bring:

• Bachelor’s degree in actuarial science, computer science, finance, math, or related field
• 6+ years’ experience in actuarial modeling and coding
• FSA Designation
• Experience with complex products such as VA/FIA/RILA and other life and annuity products
• Experience with ALM/Hedging
• Experience working in actuarial software, such as Prophet/ALFA/MoSes/GGY
• Strong motivations for innovation 
• Enjoy programming in a C# based open system.

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

#LI-TM1 #LI-Hybrid

Base Pay Range:

The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay.

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.