Senior Actuary - Life Profitability Management

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 to join our Life Profitability Management Team in Newport Beach, CA or Omaha NE. Candidates open to relocating to one of these locations are encouraged to apply.

* This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

As a Senior Actuary you'll play a key role in Pacific Life's growth and long-term success through the active management of the inforce life insurance block, including the management of non-guaranteed elements, and building retention and remediation strategies around different business segments.

How you'll help move us forward:

• Perform Plan Modeling and analysis for Life Insurance Products.

• Collaborate with FP&A team on identifying drivers of plan to actual results.

• Understand how life product mechanics drive income.

• Ability to explain how non-modeled items impact results.

• Drive the analysis and craft a story for outside audiences with minimal supervision.

• Build tools that facilitate the ongoing monitoring of new business segment performance vs. pricing vs plan.

• Participate in exercises to identify remediation strategies for underperforming business and partner with division/enterprise on execution.

• Work with valuation on refinements to LDTI methodology and understand impacts to plan.

• Work closely with reinsurance to understand captives and how our various reinsurance treaties impact the financial statements.

• Speak up and provide expertise in meetings.

• Identify efficiencies and modernization opportunities in existing processes and lead implementation efforts.

• Provide additional analysis in response to ad hoc requests from internal teams as it relates to inforce profitability management on life products.

• Conduct reviews on results and present findings to internal management teams.

• Serve as lead reviewer and coach for junior staff members on the team.

The experience you bring:

• Bachelor's degree in Actuarial Science, Mathematics, Computer Science, Data Science, other related fields.

• FSA designation required.

• Experience working with Prophet actuarial modeling software.

• Experience working with large data sets (e.g., Alteryx, Snowflake) and data visualization software (e.g. Tableau).

• Ability to work independently and collaboratively as part of a team, and to manage long-term projects.

• Detail-oriented with excellent organizational and interpersonal skills.

• Excellent analytical, problem-solving, and decision-making skills.

What makes you stand out:

• 6+ years' actuarial experience preferred.

• Experience with life insurance products and features.

• Knowledge of GAAP earnings, specifically LDTI.

• Ability to drive discussion with senior leadership.

You can be who you are.

People come first here. We're committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

#LI-MT1

#LI-Hybrid

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.

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

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.