Associate Actuary, Life Valuation

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
We’re actively seeking a talented Associate Actuary to join our Enterprise Life GAAP Valuation team in Newport Beach, CA, Omaha NE or Toronto, Canada.

• This role is on-site. You’ll work 4 days per week with flexibility at our state-of-the-art Newport Beach headquarters / modern Omaha office / new Toronto office.

How you’ll help move us forward:

• Support quarter-end GAAP valuation process, including: working extensively with the Life Prophet model, preparing model inputs, working with & communicating model output, ownership of a subset of the balance sheet (including the quarterly narrative & analysis).

• Analyze and communicate the quarterly reserve movements in the GAAP balance sheet, ensuring figures are accurately and timely reflected in the financial ledger.

• Collaborate with Enterprise Model Steward & Model Development teams to perform model regressions & attributions of proposed model enhancements and fixes.

• Maintain and improve, as necessary, process documentation of quarter-end processes around data & model operations to comply with best practices, model risk management, and internal controls.

• Maintaining procedures quality assurance procedures and related controls that enhance the accuracy and reliability of valuation processes when appropriate.

The experience you bring:

• Bachelor’s degree in actuarial science, mathematics, finance, economics, data science or related field.

• ASA designation or near-designation.

• Familiarity with US GAAP reporting & requirements, particularly.

• Effective time management and multi-tasking skills.

• Strong analytical, interpersonal, and communication skills (both verbal and written).

• Familiarity with Microsoft Office as well as any other software such as Python, Prophet etc.

You can be who you are.
We 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. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

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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.

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

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.