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Pacific Life Insurance Company

Pacific Life Insurance Company

Associate Actuary - Transformation Management

Associate Actuary - Transformation Management

Job Details
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Uploaded On
July 15, 2023
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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
$
138
k-$
173
k
Glassdoor Ratings
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Recommend to a Friend
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Overall Score
[ 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're actively seeking a talented Associate Actuary to join the Transformation Management Office in Newport Beach, CA or Omaha NE. This role can be on-site, hybrid, or 100% remote.

As an Associate Actuary, you'll play a key role in Pacific Life's growth and long-term success by transforming our forward-looking capabilities to drive decision-making. You will work with multiple stakeholders in delivering modeling capabilities to enable forecasting and what-if scenarios, support the integration of the overall technology architectural framework, achieving scale and developing a seamless process. You will collaborate with finance, actuarial and technology areas across divisions and the enterprise in providing cutting edge modeling and reporting capabilities. You will work with software and data engineers, data scientists, finance and actuarial professionals.

How you will make an impact:
  • Support the assessment of potential proxy models for forecasting and what-if scenarios for all PL products
  • Create prototype of models and reports
  • Perform proxy model development and testing, including documentation
  • Proactively provide constructive challenge and potential solutions to address business needs
  • Partner with IT and functional areas to assess an innovative solution to achieve scale and create a simple, effective, seamless and easy to maintain process
  • Support and comply with all Model Risk Management initiatives, documentation, and standards as applicable
  • Support the overall PL transformation journey to achieve its north star


The experience you will bring:
  • Bachelors in actuarial science, computer science, finance, mathematics, or related field or equivalent work experience
  • 6+ years' actuarial experience, with in-depth knowledge in modeling/programming/data science
  • FSA or ASA with additional years of experience
  • Self-starter with the ability to collaborate well with various stakeholders in multiple functional areas in developing solutions to business problems
  • Ability to introduce innovative ideas and approaches in support of overall transformation goals
  • Ability to work independently and manage long-term projects
  • Detail-oriented with excellent organizational, communication, and interpersonal skills
  • Excellent analytical, problem-solving, and decision-making skills
  • Software/Programming experience using R, Python, Visual Basic and SQL
  • Work comfortably with databases (Snowflake, Oracle), preferably Snowflake


What will make you stand out:
  • Working knowledge of annuity/life insurance products; experience performing planning/forecasting/projections
  • Experience using Alteryx and BI tools (Power BI and/or Tableau)
  • Working experience with Actuarial software is a plus (Prophet)
  • ASA/FSA/CFA designation


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.

$138,400.00 - $173,000.00 - $233,600.00

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. ]
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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.