Associate Actuary, ASA (Rotation Program)

Pacific Life Insurance Company; Newport Beach (CA); Hybrid; USD 121,770 - 148,830; Full time

Benefits offered by this job

Medical, Dental, Vision coverage

Paid Time Off

401(k) savings plan with company match

Job summary

Pacific Life Insurance Company is looking for an Associate Actuary to join their team in Newport Beach, CA. This role offers a hybrid schedule and involves participation in a Student Actuarial Rotation Program aimed at broadening skills and experience. Candidates should hold an ASA designation and be pursuing an FSA.

The position provides a competitive base salary reflecting experience, along with additional incentives and a robust benefits package, including health coverage and a 401(k) plan.

Qualifications

• Ability to apply advanced actuarial concepts and analytical techniques.
• Effective communication with diverse stakeholders.
• Strong analytical skills to build and interpret complex models.

Responsibilities

• Actively pursue the FSA credential through participation in the Student Actuarial Rotation Program.
• Perform analyses to assess and manage risk associated with insurance products.
• Provide counsel to business leaders on economic costs of risk.

Skills

Advanced actuarial concepts

Statistical analysis

Predictive modeling

Financial accounting

Risk assessment

Education

Bachelor’s degree in Actuarial Science or related field

ASA designation, pursuing FSA

Job description

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 can 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. Pacific Life is more than a job; it’s a career with purpose, where you have the support, balance, and resources to make a positive impact on your future and the lives of others.

Opportunity

We’re actively seeking talented Actuarial professionals for an internal rotation program at Pacific Life in Newport‑Beach, CA or Omaha, NE. The program follows a hybrid schedule of four on‑site days per week. If you are not located near one of our offices, relocation assistance is provided.

Program Details

As an Associate Actuary with an ASA credential, you are automatically enrolled in the Student Actuarial Rotation Program. The program is designed to broaden your skills, knowledge and breadth of experience. ASA students rotate every two years, providing exposure to multiple functional areas, products, and technologies. Competitive benefits encourage progress to the Fellowship, including paid study time, fee and material reimbursement, and bonuses tied to exam success.

Responsibilities

• Actively pursue the FSA credential through participation in the Student Actuarial Rotation Program
• Perform analyses to assess and manage risk associated with insurance and financial products and instruments
• Provide counsel to business leaders on the economic and financial costs of risk and uncertainty for the business
• Use advanced statistical analysis, predictive modeling, financial accounting and actuarial research to develop, test and validate models used in business decisions
• Monitor and analyze laws and regulations relevant to functional area operations
• Incorporate internal and external statistical trends, data, and business goals into analyses, recommendations and decisions

Qualifications

• Bachelor’s degree in Actuarial Science or a related field
• ASA designation, pursuing FSA
• Ability to apply advanced actuarial concepts and analytical techniques to build, interpret complex life insurance models that influence business decisions and improve financial outcomes

Preferred Experience

• 4+ years of direct actuarial experience
• Game plan to obtain the FSA designation
• Demonstrated depth in actuarial topics, explaining trends, risks and impacts, and owning processes
• Clear examples of sound analysis and impact on financial outcomes
• Effective communication with diverse stakeholders, tailoring messaging and building cross‑functional relationships
• Initiatives to improve processes via automation, workflow enhancements and challenging status quo
• Strategic agility – adapting quickly to changing priorities and designing solutions aligned with team and enterprise goals

Compensation

Base pay range reflects the company’s good‑faith minimum and maximum for this role and will vary by experience, qualifications and geographic location. Additional incentive pay is available.

• Omaha, NE: $105,120 – $128,480 (Associate Actuary, ASA Designation)
• Newport Beach, CA: $121,770 – $148,830 (Associate Actuary, ASA Designation)

Benefits

• Medical, Dental, Vision and Well‑Being Reimbursement Account
• Paid Time Off, Holiday Schedules and Financial Planning Time Off
• Paid Parental Leave and Adoption Assistance Program
• Competitive 401(k) savings plan with company match and additional contribution regardless of participation

EEO Statement

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. Qualified individuals with a disability or disabled veteran status may request accommodation if unable to use or access the career center.