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Pacific Life Insurance Company

Pacific Life Insurance Company

VP, Enterprise Actuarial Projects

VP, Enterprise Actuarial Projects

Job Details
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Uploaded On
November 9, 2023
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Location
Remote
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Remote?
Yes
Company Overview
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Headquarters
Newport Beach, CA
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Number of Employees
3000
Estimated Number of Actuaries
204
Salary
$
204
k-$
255
k
Glassdoor Ratings
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Job Description:

Pacific Life is investing in bright, agile, and driven talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented VP, Enterprise Actuarial Projects to join our team in Omaha, Newport Beach or remote.

As VP, Enterprise Actuarial Projects, you’ll play a key role in Pacific Life’s growth and long-term success. You will fill a new role working with actuarial leaders throughout the enterprise, including our international businesses. This role will report into the Chief Actuary.

How you will make an impact:

- Develop a team of agile and versatile actuary leaders who can execute actuarial projects on a timely basis. 

- Work with division leaders and project management staff to understand resource capacity for actuarial-related projects throughout the enterprise. 

- Develop resource reporting and forecasting ability as necessary.

- Create a team that can serve internal areas by leading or supporting large projects.  This team will be responsible for the following:

  • Provide actuarial expertise and thought leadership to enterprise FP&A transformation activities to define and achieve the desired future state. 
  • Provide support across enterprise actuarial transformation efforts leading to efficiencies.
  • Being experts in various reporting frameworks (GAAP, IFRS, Statutory, Bermuda) and implement pending accounting changes that involve actuarial reporting, 
  • Drive consistent enterprise-level implementation of new actuarial reporting requirements and methodologies under external or internal reporting bases.
  • Implement model development projects, conversions and large-scale changes.
  • Execute required new regulatory changes involving actuarial responsibilities.
  • Implement large scale reinsurance transactions.
  • Understand the product development process and provide back up support for implementing new projects.

- Develop key stakeholder relationships across the organization to influence changes and remediation of policy, practice, or process issues raised for actuarial-related balances.

- Maintain ownership of actuarial co-sourcing relationships and resource support alternatives.

- Develop key relationships with actuarial consulting companies.  Lead external actuarial project consulting engagements and coordinate with procurement to drive best in class pricing.

The experience you will bring:

  • Fellow of the Society of Actuaries or similar organization.
  • 10 -15 years of actuarial experience with proven expertise executing large actuarial projects.
  • Drive to deliver results while supporting a team and maintaining strong relationships with customers.
  • Keen understanding of reporting frameworks, including economic value / economic capital, risk-neutral and real-world liabilities, best estimate, and padded assumption setting, etc.
  • Knowledge and expertise in complex financial life and annuity products.
  • Experienced in building effective relationships with third parties such as external auditors, actuarial consultants and software vendors.
  • Experience leading through change and navigating change management practices.
  • Communicates and presents effectively, manages ambiguity, exhibits courage, plans and aligns work deliverables, collaborates easily with and influences different levels of the organization and across -business lines.

#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.

$204,100.00 - $255,100.00 - $357,200.00

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.

Apply Now

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.

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