Senior Actuary (FSA) - Life Statutory Valuation

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

Benefits offered by this job

Relocation assistance

Job summary

Pacific Life is seeking a Senior Actuary - Life Statutory Valuation to join our Enterprise Valuation team. This on-site role supports modernization of valuation processes, working with a team of FSAs and analysts.

Based in Newport Beach, CA (relocation offered where needed), the role emphasizes automation, model validation, and collaboration with data, reinsurance, and other valuation teams to deliver accurate quarterly reserve analyses.

Qualifications

• Bachelor’s degree in actuarial science, computer science, finance, mathematics, or a related field.
• FSA designation.
• 6+ years relevant experience.
• Prophet, Excel, AI, Snowflake.
• Knowledge of Life Statutory Valuation, VM-20 and Pre PBR Valuation standards.

Responsibilities

• Bring quarterly reserve analysis forward with insights and explain movements.
• Assist with quarterly valuation work in Prophet and drive automation.
• Enhance policy audit tools to satisfy stakeholders, regulators and auditors.
• Collaborate with modeling, data, reinsurance and other valuation teams to improve models.
• Collaborate with and upskill junior team members.

Education

Bachelor’s degree in actuarial science, computer science, finance, mathematics, or a related field

Tools

Prophet

Excel

AI

Snowflake

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 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're actively seeking a talented Senior Actuary - Life Statutory Valuation to join our Enterprise Valuation team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.

As a Senior Actuary - Life Statutory Valuation you'll move Pacific Life, and your career, forward by helping modernize our Valuation processes and enhancing our analysis. You will fill an existing role that sits on a team of 6 people in the Enterprise division. Your colleagues will include FSA's, ASA's and analysts.

How You’ll Help Move Us Forward

• Bring our quarterly reserve analysis forward with additional insights, identification of drivers, and explanation of movements for various audiences
• Assist with quarterly valuation work in Prophet. Identify bottlenecks and propose solutions for further automation and operational excellence
• Enhance our policy audit tools by building off of existing frameworks or coming up with independent ideas to satisfy internal stakeholders, regulators, and auditors
• Work with modeling, data, reinsurance, other Valuation teams to enhance models, validate changes, and improve the overall modeling
• Collaborate with and upskill junior members of the team.

The Experience You Bring

• Bachelor’s degree in actuarial science, computer science, finance, mathematics, or a related field.
• FSA designation
• 6+ years relevant experience
• Prophet, Excel, AI, Snowflake,
• Knowledge of Life Statutory Valuation, VM-20 and Pre PBR Valuation standards

What Makes You Stand Out

• Driven to learn, driven to automate, not afraid to take risks. Does not accept the status quo as the future state. History of implementing automation
• Snowflake, Prophet, Excel, AI,
• Hungry, humble, smart.
• Collaborates well with broader group. Proposes process improvements and new ways of analysis

Base salary ranges (location specific)

• Newport Beach, CA: $167,670 - 204,236
• Omaha, NE: $144,810 - $176,990
• Charlotte, NC: $152,370 - 186,230

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.