Senior Actuary (FSA) - Life Statutory Valuation

Pacific Life Insurance Company$167K — $204K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

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

Responsibilities

  • Lead quarterly reserve analysis, providing insights and movement driver explanations
  • Assist in quarterly valuation work using Prophet, identifying bottlenecks and proposing automation solutions
  • Enhance policy audit tools, leveraging existing frameworks and novel concepts
  • Collaborate with various teams to improve models and validate changes
  • Upskill junior team members through collaboration

Benefits

  • Comprehensive health benefits including medical, dental, and vision
  • Generous paid time off and holiday schedules
  • Paid parental leave and adoption assistance
  • Competitively matched 401k savings plan with additional contributions
  • Flexible benefits tailored to personal wellbeing needs
Full Job Description

Job Description:

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

About Pacific Life Insurance Company

Pacific Life Insurance Company Careers

There has never been a more opportune time to join the dynamic team at Pacific Life Insurance Company—a leader in the insurance industry known for its commitment to innovation, leadership, and professional growth.

Work You’ll Do

Join Pacific Life Insurance Company’s esteemed team to assist in pioneering efforts that drive the insurance industry forward. At the intersection of technology, industry expertise, and digital innovation, Pacific Life Insurance Company stands as a beacon of transformative solutions and services. Lead in a unique position in the marketplace, leveraging deep industry knowledge and a commitment to digital innovation to enhance client experiences and outcomes. Engage with a diverse global team of business and technology advisors, helping clients navigate through their challenges with cutting-edge solutions. Collaborate with dedicated professionals who are at the forefront of integrating technology and insurance services to deliver exceptional results.

Introducing the Pacific Life Insurance Company Professional Growth and Development Initiative

The initiative aims to build a leading advisory team to guide some of the most well-known companies through their transformation journeys, utilizing innovative insurance solutions.

Do Innovative Work

Be part of a team that is not just the largest but the most knowledgeable in the insurance sector, with a focus on delivering targeted solutions through a depth and breadth of consulting experience that is unmatched.

Drive Innovation and Leadership

Work on a wide range of projects that harness the capabilities of Pacific Life Insurance Company’s robust technological and service-oriented frameworks.

Future-Proof Your Career

Advance your career with Pacific Life Insurance Company, where the opportunities for growth are vast, supported by comprehensive training, development, and certification programs.

Explore Job Opportunities and Internships

Discover various job opportunities and internship positions that allow you to bring your skills and passion to a team that values innovation and leadership. Pacific Life Insurance Company is committed to fostering a culture of diversity and inclusion, providing a platform for professional development and personal growth.

The Pacific Life Insurance Company Employment Experience

With a commitment to diversity training and a culture that promotes networking and professional growth, Pacific Life Insurance Company helps team members thrive in a supportive and dynamic environment. Clients and employees alike look to Pacific Life Insurance Company for leadership in creating industry-leading solutions that promote growth and innovation.

Stay Connected

Join the Team

Search open positions that match your skills and interests. Pacific Life Insurance Company seeks passionate, curious, creative, and solution-driven team players.

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