Actuary & Director - Enterprise Assumption Review

About the role

The Actuary & Director of Enterprise Assumption Review plays a critical role in ensuring the accuracy and reliability of actuarial assumptions used in pricing, risk assessment, and financial reporting at Pacific Life. This position requires a deep understanding of actuarial science, statistical analysis, and industry best practices.

Responsibilities

• Drive Pacific Life and your career forward by collaborating across the enterprise to review actuarial assumptions.
• Partner with first-line developers and key stakeholders (including Risk, Pricing, and Valuation) to develop challenger models and strengthen controls and governance.
• Identify and highlight areas of inconsistencies for assumption developers and recognize business implications.
• Maintain comprehensive enterprise-wide guidance and champion best practices for assumption monitoring, experience studies, and assumption development.
• Collaborate with stakeholders in the first-line development and actuarial communities, and second-line risk pillars to deliver and support comprehensive peer review reports.
• Engage in projects aimed at streamlining assumption governance, enhancing efficiency and consistency in processes.
• Support on assumption development tracking, creating a regulated process around assumption impacts, and creating PowerPoint slides for assumption updates and approvals.
• Build strong relationships with key stakeholders to enhance assumption monitoring, development, and deployment across various different purposes.
• Support and influence the development and future path of the assumption governance framework.

Requirements

• 7+ years of actuarial experience with an FSA or equivalent designation.
• Expertise in assumption setting and experience study methodologies, industry best practices, and statistical analysis.
• Experience with R and Python.
• Experience working across different lines of business and products.
• A clear understanding of assumption governance principles.

Qualifications

• Bachelor's degree in actuarial science, mathematics, finance, computer science or related field or equivalent work experience.

Skills

• Predictive modeling.
• Machine learning.
• AI.

Benefits

• Comprehensive benefits package including medical, dental, vision, and wellbeing reimbursement account.
• Generous paid time off options including Paid Time Off, Holiday Schedules, and Financial Planning Time Off.
• Paid Parental Leave and an Adoption Assistance Program.
• A competitive 401(k) savings plan with company match and an additional contribution regardless of participation.

Pay

• Newport Beach, CA: $203,760 - $249,040.
• Omaha, NE: $175,950 - $215,050.
• Charlotte, NC: $185,220 - $226,380.

Schedule

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.