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Pacific Life Insurance Company

Pacific Life Insurance Company

Director & Actuary - Prophet Model Development

Director & Actuary - Prophet Model Development

Job Details
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Uploaded On
October 16, 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
$
k-$
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 modeling lead to join our Institutional Division. This role can be on-site, hybrid, or 100% remote.

As the Director of Prophet Model Infrastructure you will play key role in the growth of the Institutional Division of Pacific Life. You would lead a team of actuaries and work with multiple stakeholders to deliver modeling capabilities for new and existing products, develop and coordinate data management, and operational infrastructure integration. You will oversee modeling of all institutional products such as Pension Risk Transfer, Spread Lending products, Health Savings Account business, Stable Value Wrap and others. You will collaborate with functional areas within the division and enterprise functions to define and prioritize projects, provide cutting edge modeling and reporting capabilities and ensure excellent model user and business experiences.

How you will make an impact:
  • Cultivate common purpose and engagement as the Model Development team leader
  • Oversee the model development in Prophet modeling software
  • Oversee conversion of new product model prototypes from various tools (Python, Excel, Prophet) to production Prophet systems
  • Oversee model testing process to ensure it is efficient, cost effective and scalable
  • Oversee development and user rollouts of data infrastructure that allows for efficient toolchain automation, programmatic capture of data, and robust reporting capabilities
  • Coordinate with multiple teams to identify and prioritize tasks and partnership opportunities to meet business and work life balance goals
  • Be an internal subject matter expert on products, business processes, Prophet modeling, data and software engineering
  • Communicate effectively with various audiences and be able to explain complex modeling issues in language appropriate for the audience. This ranges from teaching new hires to presenting to senior management.
  • Keep abreast of industry trends, regulations, and best practices in actuarial modeling and incorporate them into the implementation process
  • Support and comply with all Model Risk Management initiatives and standards, including model risk, model documentation, model consistency and transparency, and other best practices guidelines


The experience you will bring:
  • FSA with 8+ years of experience in actuarial modeling
  • Bachelor's in actuarial science, computer science, finance, mathematics or related field
  • Demonstrated leadership, communication, and interpersonal skills
  • Proven track record in organizing and leading complex model development processes
  • Advanced knowledge and experience in Prophet, including familiarity with FIS Insurance Risk Suite components (i.e., DCS, PE, PP) and Prophet libraries (e.g., P360, ALS)
  • Demonstrated passion for technology and its applications to insurance
  • Energetic self-starter with ability to develop practical solutions by collaborating with multiple business partners
  • Detail-oriented with excellent organizational, communication, and interpersonal skills
  • Excellent analytical, problem-solving, and decision-making skills


What will make you stand out:
  • Familiarity with Python, Javascript, Visual Basic, SQL or other programming languages
  • Experience with institutional products such as Pension Risk Transfer, Spread Lending products, Health Savings Account business, and Stable Value Wrap
  • Experience with ALM/Hedging
  • Familiarity with Snowflake and Azure DevOps


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. ]
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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.