Address
Form of work
SalaryJob Description:
Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Associate Actuary to join our Valuation Team in Newport Beach, CA; Omaha, NE; or fully remote (depending on location).
As an Associate Actuary, you’ll play a key role in Pacific Life’s growth and long-term success by supporting statutory, GAAP, and tax valuation for Pension Risk Transfer (PRT) and Synthetic GIC products . You will fill an existing role that sits on a team of four people in the institutional division. Your colleagues will include fellow actuarial professionals.
How you will make an impact:
Production of quarterly financial information on statutory, GAAP, and tax reserves for Pension Risk Transfer (PRT) and Synthetic GIC products.
Assist in the construction and maintenance of valuation databases and preparation of data for business analytics and ad hoc requests.
Analyze valuation results, including attribution analysis and actual-to-plan comparisons.
Compiling responses to requests from State Department of Insurance, auditors, regulators, rating agencies, and other interested parties.
Support in running projection models for RBC, Loss Recognition Testing (LRT), Business Plan and Asset Adequacy Analysis.
Implementation of data controls and system improvements related to the valuation processes.
Support for Model Risk Management initiatives, including documentation, peer review exercises, and other best practices guidelines.
Interaction with other functional departments as needed.
The experience you will bring:
6+ years actuarial experience, 4-year degree or equivalent experience, and FSA designation or ASA designation with additional years of actuarial experience.
Experience with actuarial modeling, valuation, and financial reporting.
Strong quantitative, analytical, and problem-solving skills.
Excellent organizational, interpersonal and communication skills.
What will make you stand out:
Experience with financial modeling systems, particularly Prophet.
You belong at Pacific Life
At Pacific Life we are committed to a culture of belonging, a space where all employees are empowered to be authentic. One way we cultivate an inclusive culture is through our employee connection groups. The purpose of these employee-led groups is to offer a place to build community, connection, camaraderie, and a sense of belonging. Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at www.pacificlife.com.
Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.
#LI-MT1
#LI-Remote
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.
$159,660.00 - $195,140.00
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
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.
