Senior Actuary, Fixed Annuity Valuation & BMA - Relocation

Pacific Life; Charlotte (NC); Hybrid; USD 168,000 - 205,000; Full time

Benefits offered by this job

Health insurance

Paid Time Off & holidays

Parental Leave & Adoption Assistance

401k with company match

Job summary

Pacific Life seeks an experienced Senior Actuary to support Fixed Annuity Valuation and Bermuda Monetary Authority reporting. This role owns valuation, financial reporting, and communication of results, and drives process improvements across cross-functional initiatives.

The role is on-site 4 days per week with a work-from-home day, in Newport Beach, CA, Omaha, NE, or Charlotte, NC. Relocation assistance is available.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related field.
• FSA designation with 4+ years of relevant actuarial experience.
• Strong analytical, problem-solving, and communication skills.
• Demonstrated initiative, ownership, and ability to manage multiple priorities.
• Strong technical skills with experience in actuarial valuation and financial reporting.
• Ability to analyze complex results and communicate key insights to management and stakeholders.
• Strong collaboration skills and ability to work effectively across functions.
• Experience with Prophet is a plus.

Responsibilities

• Own the quarterly and annual valuation and financial reporting for fixed annuity products under BMA regime, ensuring timely and accurate delivery of results.
• Perform in-depth analysis of valuation results, including attribution analysis, financial drivers, and quarter-over-quarter movements, and communicate key findings to management and stakeholders.
• Coordinate and prepare responses to requests from auditors, regulators, rating agencies, and other stakeholders, providing appropriate actuarial analysis and supporting documentation.
• Identify and implement process and analytical enhancements, including opportunities to automate processes, strengthen controls, and improve the understanding of valuation results.
• Support and coordinate Model Risk Management (MRM) initiatives, including model documentation, peer reviews, model governance requirements, and adherence to best-practice guidelines.
• Lead the testing and validation of model enhancements and modifications, including analysis of financial impacts and confirmation that appropriate controls and processes are maintained in alignment with MRM and ICFR guidance.
• Develop and maintain valuation databases, analytical tools, and reporting capabilities to support financial analysis, management reporting, and ad hoc requests
• Provide technical guidance and peer review to other actuarial team members and contribute to the development of actuarial talent and best practices within the team.
• Perform ad hoc analyses and contribute to special projects and strategic initiatives as needed.

Skills

Analytical skills

Problem solving

Communication skills

Initiative & ownership

Collaboration across functions

Prophet

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related field

Tools

Prophet

Job description

Pacific Life seeks an experienced Senior Actuary to support Fixed Annuity Valuation and Bermuda Monetary Authority reporting. This role owns valuation, financial reporting, and communication of results, and drives process improvements across cross-functional initiatives.

The role is on-site 4 days per week with a work-from-home day, in Newport Beach, CA, Omaha, NE, or Charlotte, NC. Relocation assistance is available.