Job Description:
Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
We’re actively seeking a talented Senior Actuary to join our Consumer Markets Division (CMD) Financial Planning and Analysis (FP&A) team in Newport Beach, CA or Omaha, NE. Applicants open to relocating are encouraged to apply.As a Senior Actuary, you’ll move Pacific Life and your career forward by analyzing actual and expected spread income on the full spectrum of fixed annuity and life insurance products. You will build short-term and long-term forecasts with feedback loops to improve accuracy and understand driver variance. Additionally, you will be responsible for detailed analysis and communication of capital market impacts on GAAP, statutory, and economic frameworks. You will fill a new role that sits on a team of three people in the Business Insights team within CMD FP&A. Your colleagues will include actuaries and other financial professionals.
How you’ll help move us forward:Prepare and communicate driver analysis of spread margins comparing to prior quarter, plan and other best estimate projections.
Collaborate across Investments, Valuation, Pricing and Inforce Management in the results and expectations. Use the information to create a feedback loop to refresh best estimate projections of spread income.
Understand and communicate financial impacts of capital market changes across LDTI GAAP, statutory, and economic frameworks, ensuring alignment with assumed sensitivities.
Assist in building annual plan projections for CMD with comparison and key story generation for changes to plan results year over year.
The experience you bring:
Bachelor's degree or more with FSA and 6+ years of experience in relevant insurance work.
Working knowledge of life and/or annuity products in areas such as Valuation, Modeling or Pricing.
Candidate must be able to communicate findings and take initiative to think through downstream impacts of analysis trends.
What makes you stand out:
Proficient understanding of ALM or hedging strategies for life / annuity products.
Experience building or explaining life/annuity reserve roll forwards.
Demonstrated problem-solving skills while navigating through ambiguity.
You can be who you are.
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
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Base Pay Range:
The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$163,620.00 - $199,980.00 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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