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 other financial decisions at Pacific Life. Reporting directly to the VP Actuarial & Appointed Actuary, this position collaborates across the enterprise to review and improve actuarial assumptions, develop challenger models, and strengthen controls and governance.

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).
• Identify and highlight areas of inconsistencies for assumption developers, recognizing business implications and ensuring assumptions are well-rounded and holistic.
• 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.
• Excited to work in a role that involves predictive modeling, machine learning, and AI.
• Exhibit courage in identifying and addressing potential issues, providing effective challenge, and asking probing questions.
• Excellent analytical, problem-solving, and decision-making skills.
• Ability to present complex information in a clear and concise manner to various audiences, including senior management.

Qualifications

• Bachelor's degree in actuarial science, mathematics, finance, computer science or related field or equivalent work experience.
• Experience with R and Python.
• Experience working across different lines of business and products.
• A clear understanding of assumption governance principles.

Skills

• Strong analytical and problem-solving skills.
• Effective communication and presentation abilities.
• Experience with embedded value and international reserving practices.

Benefits

Pacific Life offers competitive benefits including medical, dental, vision, and wellbeing reimbursement accounts, generous paid time off, parental leave, and a 401(k) savings plan with company match. Additionally, Pacific Life provides a supportive culture of diversity and inclusion, prioritizing employee health and well-being.

Pay

Ranges per Location:

• 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. Comprehensive relocation assistance is available for those not currently located near one of our offices.