Senior Actuary (FSA) - Life Profitability Management

About the role

Pacific Life is actively seeking a talented Senior Actuary to join our Life Profitability Management 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. Comprehensive relocation assistance is offered for those not currently located near one of our offices.

Responsibilities

• Annual plan projections and quarterly re-forecasting for our life 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.
• Absess the impact of non-guaranteed elements (e.g., credited rates) on earnings, giving management early line-of-sight into emerging opportunities or risks.
• Oversee credited rate and index rate setting on the life business, using data-driven analysis.
• Partner with Investments, Hedging and Finance to make decisions on rates and spreads and communicate results to management.
• Collaborate with the Enterprise Modeling team to enhance our Prophet models (including coding updates and user acceptance testing).
• Become an SME on the modeling of the entire life suite of products.
• Learn to apply rules of thumb and other estimations for non-modeled items and sensitivity analysis.
• 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.
• Identify efficiencies and modernization opportunities in existing processes and lead implementation efforts.
• Develop and utilize AI to drive insights into the business.
• Serve as lead reviewer and coach for junior staff members on the team.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Data Science, other related fields.
• FSA designation required.
• Experience working with 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, problem-solving, and decision-making skills.

Qualifications

• 6+ years’ actuarial experience preferred.
• Experience with life insurance products and features.
• Knowledge of GAAP earnings, specifically LDTI.
• Understanding of different reinsurance agreements and treaties.

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in actuarial modeling software (Prophet preferred).
• Experience with large data sets and data visualization tools.
• Ability to work independently and collaboratively.

Benefits

• Base salary ranges (location specific): Newport Beach, CA: $167,670 - 204,236, Omaha, NE: $144,810 - $176,990, Charlotte, NC: $152,370 - 186,230.
• 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.