Senior Actuary (FSA) - Enterprise Reinsurance

Pacific Life Insurance Company; Newport Beach (CA); Hybrid; USD 167,670 - 204,930; Full time

Benefits offered by this job

Medical, Dental, Vision insurance

Generous paid time off

Paid Parental Leave

401k savings plan with company match

Job summary

Pacific Life Insurance Company is looking for a Senior Actuary (FSA) to join their team in Newport Beach, CA. This hybrid position requires strong actuarial skills, with responsibilities including leading reinsurance analysis and providing insights to management. Candidates must have 6+ years of actuarial experience and the FSA designation.

The role offers competitive salaries ranging from $167,670 to $204,930 for Newport Beach, plus a comprehensive benefits package to ensure employee well-being.

Qualifications

• 6+ years actuarial experience required.
• FSA designation is mandatory.
• Experience in understanding and optimizing various work processes.
• Ability to plan, prioritize, and meet deadlines.

Responsibilities

• Lead analysis and execute new reinsurance arrangements.
• Analyze inforce reinsurance for strategic approach.
• Provide insights to senior management regarding transactions.
• Support quarterly reporting of reinsurance transactions.

Skills

Actuarial experience

Work process optimization

Project management

Communication skills

Education

4-year degree or equivalent

FSA designation

Tools

PowerPoint

Tableau

Job description

Senior Actuary (FSA) – Enterprise Reinsurance

Location: Newport Beach, CA; Omaha, NE; or Charlotte, NC. Role is hybrid with four office days per week, relocation assistance available.

Responsibilities

• Lead analysis and execute new reinsurance arrangements supporting new business strategy from RFP to final implementation and internal/external communications.
• Analyze inforce reinsurance to formulate a coordinated strategic approach to each reinsurer relationship.
• Provide insights to senior management related to reinsurance transactions that help facilitate strategic reinsurance decisions.
• Support quarterly reporting of reinsurance transactions, including review of settlements and ownership of end-to-end modeling of reinsurance projections.
• Support reinsurance needs across the enterprise by working with Underwriting, Product Design, and other functional areas across the company.
• Identify, assess, and communicate information regarding reinsurance risks with functions across the organization.
• Lead analysis of reinsurance business insights, determining key risks and reporting results.
• Guide junior reinsurance actuarial modelers or data analysts in evaluating reinsurance cash flow projections and data.

Qualifications

• 6+ years actuarial experience, 4-year degree or equivalent experience, and FSA designation.
• Experience in understanding and optimizing various work processes.
• Demonstrable ability to plan and prioritize time and deliver to deadlines.
• Familiarity with synthesizing messaging via visual software including PowerPoint and Tableau.
• Additional qualifications for specific job levels as noted below.

Preferred Skills

• Ability to work in a fast-paced, dynamic environment with high degrees of ambiguity arising from a period of significant change.
• Strong communication (both written and verbal) and interpersonal skills, demonstrating ability to build effective relationships and collaborate.
• Highly accountable, self-starter, with strong project management skills.

Base Salary Ranges per Location

• Charlotte, NC: $152,370 - $186,230
• Newport Beach, CA: $167,670 - $204,930
• Omaha, NE: $144,810 - $176,990

Benefits

• 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.

Equal Employment Opportunity 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.