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. The Consumer Markets Division is actively seeking a talented Associate Actuary to join our Insurance Risk team within the Inforce Management group in Omaha, NE (preferred) or Newport Beach, CA. This role can be on-site or hybrid.
As an Associate Actuary, you'll play a key role in helping build out this new and integral team within the Consumer Markets Division. This will be a high visibility role and provides significant opportunities to add value by identifying key existing and emerging insurance risks and formulating risk mitigations solutions for this block of business.
How you will make an impact:
- Participate in Insurance Risk reporting and strategy development
- Identify, calculate, and analyze insurance risk associated with annuity and life insurance products
- Streamline current reporting processes and identify additional reporting capabilities and dashboards
- Develop tools to ensure insurance risk is appropriately considered in new and existing CMD product pricing and in-force analysis
- Develop and own liability risk management tools and reporting
- Assist with efforts to identify and secure liability risk management structures to remediate underperforming business segments
The experience you will bring:
- FSA with 6+ years of actuarial experience within the insurance industry
- Deep understanding of annuity products and key risks facing those contracts
- Self-starter with strong problem-solving abilities
- Strong quantitative and analytical skills with innate curiosity and attention to detail
- Highly organized with strong time management skills
- Ability to work independently and collaboratively as part of a team
- Strong verbal and written communication skills
What will make you stand out:
- Demonstrate the ability to quickly acquire and understand new concepts, technologies, and processes relevant to the role
- Prior experience with Annuity Risk Management or Product Development and Design
- Prior experience running projects involving multiple departments
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. #LI-AJ1 #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.
$118,200.00 - $147,800.00 - $199,600.00
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.