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Pacific Life Insurance Company

Pacific Life Insurance Company

Director Enterprise Actuarial Modeling

Director Enterprise Actuarial Modeling

Job Details
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Uploaded On
November 14, 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
$
168
k-$
210
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 are actively seeking a talented Modeling Projects Development Team Manager and Director to join our Enterprise Modeling team. This role can be on-site, hybrid, or 100% remote.

The Modeling Projects Manager and Director is a key leader within the Modeling Projects team focused on Prophet implementation of Life and Annuities products for valuation, forecasting and ALM models from legacy systems. This role has overall accountability for model development of actuarial models using Prophet software, ensuring that models are accurate, reliable, meet business requirements and ensuring successful transition through user acceptance testing and production. You will fill an existing role that manages a team of 4 developers and joins a total team of 7 people in the Corporate Division. You will work closely with actuarial developers, data/IT, valuation, pricing, and modeling teams.

Candidates who meet most but not all the requirements are encouraged to apply. Actual job offer and title will be based on level of experience and skillset.

How you will make an impact:
  • Lead a team of 4 actuarial modeling developers
  • Oversee the model development and implementation of actuarial models using Prophet modeling software
  • Ensure that models are accurate, reliable, meet business requirements and utilize modeling best practice approaches
  • Perform model development and testing/debugging of Prophet models, peer review changes made by other team members and act as an internal Prophet expert for your colleagues
  • Lead team of actuarial developers in the implementation process
  • Collaborate with cross-functional project team of developers, data/IT and business stakeholders
  • Communicate effectively with senior management and stakeholders regarding actuarial modeling results and insights
  • Keep abreast of industry trends, regulations, and best practices in actuarial modeling and incorporate them into the implementation process


The experience you will bring:
  • Managing, coaching and developing actuarial modeling developers
  • Demonstrated leadership, communication and interpersonal skills
  • Strong modeling / actuarial platform skills, including FIS knowledge, including:
    • Familiarity with all components within FIS Insurance Risk Suite (i.e., PRD, DCS, PE, PP, PMCS)
    • Advanced knowledge of Prophet libraries (e.g., US 360, ALS, Life and Health libraries)
    • Ideally existing working relationships with FIS Insurance Risk teams and individuals
  • Bachelor's degree in actuarial science, mathematics, statistics, finance, engineering, computer science or another quantitative related field is preferred
  • FSA, ASA, or strong insurance background
  • 10+ years of experience in actuarial modeling, with a focus on Prophet software implementation
  • Strong analytical and problem-solving skills
  • Knowledge of predictive analytics a plus
  • Ability to drive tight deadlines with thoughtful planning and effective execution
  • Familiarity with SQL, Microsoft Excel, Alteryx, Tableau, Python and Visual Basic


#LI-JS1

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.

$168,200.00 - $210,200.00 - $294,300.00

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.