Actuary & Director, Model Risk — Lead Life Model Oversight

Pacific Life; Charlotte (NC); Hybrid; USD 203,760 - 249,040; Full time

Benefits offered by this job

Medical, Dental, Vision insurance

Wellbeing reimbursement account

Paid time off and holidays

Parental leave and adoption assistance

401k with company match

Job summary

Pacific Life is seeking an Actuary & Director, Model Risk Management to lead second-line oversight of Life models across Financial Reporting, Product Development, Forecasting, and related model uses. You will work with business leaders, model developers, and risk committees to assess model fitness for purpose.

This role reports to the VP of Model Risk Management and offers broad visibility across Pacific Life's products and functions.

Qualifications

• 8+ years actuarial experience with an FSA designation.
• Deep experience in Life products in actuarial modeling, financial reporting, forecasting, pricing, or economic valuation.
• Ability to challenge technical work constructively and influence senior leaders and technical teams.
• Experience reviewing, validating, developing, or testing complex actuarial models.
• Strong communication skills to explain complex modeling issues in clear business language.
• Strong project leadership, judgment, and stakeholder management skills.

Responsibilities

• Lead comprehensive reviews of Life models and provide clear, practical recommendations to owners, senior leaders, and risk committees.
• Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.
• Provide expert guidance on efficient modeling techniques and robust governance practices, to bolster model risk management.
• Collaborate with cross-domain subject experts to understand and impact the business more holistically and help advance Pacific Life's model risk framework and practices.
• Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.

Skills

Actuarial experience

FSA designation

Life products expertise

Model risk oversight

Communication skills

Leadership

Education

FSA designation

Tools

Prophet

Job description

Pacific Life is seeking an Actuary & Director, Model Risk Management to lead second-line oversight of Life models across Financial Reporting, Product Development, Forecasting, and related model uses. You will work with business leaders, model developers, and risk committees to assess model fitness for purpose.

This role reports to the VP of Model Risk Management and offers broad visibility across Pacific Life's products and functions.