Quantitative Strategist II

Pacific Life; Newport Beach, Northern (CA, KY); On-site; USD 168,000 - 205,000; Full time

Benefits offered by this job

Relocation assistance

401k with company match

Comprehensive benefits

Job summary

Pacific Life Insurance Company in Newport Beach, CA is seeking a Quantitative Strategist II to advance quantitative modeling for measuring, pricing, and hedging option-like risks embedded in insurance liabilities. The role partners with derivative investments, operations, finance, and product development.

Ideal candidates will have a Master's degree with 6+ years in financial services, strong Python skills, and experience in hedging complex derivatives.

Qualifications

• Master's degree with 6+ years in financial services including 5+ years in quantitative strategies.
• Strong knowledge of stochastic calculus and derivative pricing theory applied to hedging insurance liabilities.
• Hands-on experience with risk-neutral or real-world valuation models and associated Greeks.

Responsibilities

• Monitor and analyze risk exposures daily and long-term, recommending hedging actions.
• Develop and own asset valuation models for options embedded in insurance liabilities (RILA, FIA, IUL).
• Maintain pricing, Greeks, and stress sensitivities for hedge construction and monitoring.
• Support hedge operations by producing and explaining liability and asset sensitivities and changes in exposure.
• Collaborate with trading, operations, and product teams to translate model outputs into hedge actions and controls.
• Design quantitative methodologies for hedge strategy development and basis risk analysis.

Skills

Python

Quantitative modeling

Hedging/derivatives

Stochastic calculus

Model governance

Education

Master's degree in Quantitative Finance

Job description

## Quantitative Strategist IIApply: Newport Beach CA-700: Full time: Posted Yesterday: R17730**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 are actively seeking a talented **Quantitative Strategist II to join our Enterprise ALM Hedging team**. This role is on-site 4 days per week and work from home 1 day per week in **Newport Beach, CA.** If you are not currently located near one of our offices, we offer comprehensive relocation assistance. As a Quantitative Strategist II you will move Pacific Life, and your career, forward by developing and owning the quantitative modeling framework used to measure, price, and hedge option-like risks embedded in insurance liabilities. You will play a lead role in providing creative vision and innovation for sophisticated hedge programs. You will fill a new role that sits within Pacific Life's Enterprise ALM team and partner with a variety of stakeholders, including derivative investments, derivative operations, finance, and product development.**How you will help move us forward:** • Monitor and analyze risk exposures on a day-to-day and long-term basis, recommending actions that reduce risk, including the development or enhancement of hedging strategies • Develop and own asset valuation models for options embedded in insurance liabilities, including for derivative-linked crediting strategies supporting RILA, FIA, and IUL • Develop and maintain pricing, Greeks, and stress sensitivities for both asset and liability positions needed for hedge construction and monitoring • Manage and support relationships with third-party asset valuation vendors, including oversight and validation of model assumptions, methodologies, and output• Support daily and periodic hedge operations by producing, validating, and explaining liability and asset sensitivities, recommended hedge positions, and changes in exposure caused by market movements and model updates• Partner with derivative trading and operations teams to ensure model outputs can be translated into practical hedge actions, portfolio monitoring, and operational controls• Partner with product development teams to evaluate new product features from a hedge ability and risk transfer perspective, including the impact on option cost, basis risk, and earnings volatility• Design and enhance quantitative methodologies for hedge strategy development, including proxy modeling and analysis of basis risk between liabilities and available hedge instruments**The experience you bring**: • Master's degree with 6 years of progressive professional experience in the financial services industry, including 5+ years developing quantitative strategies, managing asset/liability risks, or managing/structuring a book of complex exotic derivatives • Advanced knowledge of financial mathematics with a solid understanding of stochastic calculus, derivative pricing theory, and their practical applications to hedging insurance liabilities• Demonstrated ability to perform and elevate others in a team environment • Hands-on experience developing risk-neutral or real-world valuation models and accompanying Greeks for embedded options in insurance liabilities (e.g., RILA, FIA, IUL) or comparable structured/derivative products • Strong programming/quantitative modeling skills (e.g., Python or similar) and familiarity with model governance, validation, and documentation standards**What makes you stand out:** • **Advanced degree strongly desired — Master’s in Quantitative Finance or a related field (Mathematics, Statistics, etc.)****• Proven ability to work on a team and to collaborate effectively with others • Capable of solving unique and complex problems that have a broad business impact****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.$167,670.00 - $204,930.00**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**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**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.*