Job Description:We9re actively seeking a talented
Senior Actuary to join our Annuity Inforce Management in Newport Beach, CA, Omaha, NE or Charlotte, NC. This role follows a
hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
Key responsibilities on the team are:
- Annual plan projections and quarterly re-forecasting for our annuity portfolio.
- Analyze drivers of plan vs. actual results, providing clear explanations and actionable insights to the Financial Planning & Analysis (FP&A) team and senior management.
- Monitor and interpret in-force performance metrics to identify profitability trends and any needed adjustments.
- Assess the impact of non-guaranteed elements (e.g., credited rates) on earnings, giving management early line-of-sight into emerging opportunities or risks.
- Oversee renewal rate analysis, drawing insights to inform rate-setting decisions.
- Partner with product teams to implement retention strategies for high-performing segments and remediation plans for underperforming business to maximize long-term value.
- Collaborate with the Enterprise Modeling team to enhance our Prophet models (including coding updates and user acceptance testing).
- Ensure robust model risk management via annual model updates and reviews.
- Develop current market risk insights (e.g., spread analysis, disintermediation risk, cost of guarantees) to guide portfolio management strategies.
- Work closely with Finance, FP&A, Asset-Liability Management (ALM), Reinsurance, and other stakeholders on enterprise initiatives involving the annuity in-force block.
- Clearly communicate complex modeling results and recommendations to diverse audiences - from new team members to executive leadership - translating technical findings into actionable business terms.
The experience you bring:
- Bachelor9s degree in Actuarial Science, Mathematics, Computer Science, Data Science, or other related fields.
- FSA designation required.
- Experience working with some actuarial modeling software (Prophet preferred)
- 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, critical-thinking, problem-solving, and decision-making skills.
What makes you stand out:
- 6+ years of actuarial experience preferred.
- Experience with annuity products and features.
- Experience in annuity Pricing and Rate-Setting.
- Knowledge of different accounting frameworks.
- Good understanding of reinsurance, hedging, and asset strategy.
- Ability to drive discussion with senior leadership.
Base Salary Ranges per Location:- Charlotte, NC: $152,370 - $186,230
- Newport Beach, CA: $167,670 - $204,930
- Omaha, NE: $144,810 - $176,990
Base Pay Range:The base pay range noted represents the company9s 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.
$152,370.00 - $186,230.00
Your Benefits Start Day 1 Your wellbeing is important to Pacific Life, and we9re 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, we9ve 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 AreWe 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.
What9s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
