Actuary & Software Engineer

Pacific Life
Newport, CA Full Time
POSTED ON 9/10/2024 CLOSED ON 10/13/2024

What are the responsibilities and job description for the Actuary & Software Engineer position at Pacific Life?

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.

Are you passionate about solving complex problems and leveraging your actuarial and technical skills to drive business results? Do you enjoy pushing the boundaries of what's possible with data, technology, and modeling? If you're excited about tackling intricate actuarial systems challenges and contributing to innovative solutions, we want to hear from you!

In this role, you will work on projects involving actuarial production process automation, software development infrastructure, and model development for institutional products. Your work will be crucial in supporting our internal business partners to excel in their markets. You'll be working alongside a team of accomplished actuaries, engineers, and IT professionals in a strategically critical part of our organization.

This position can be on-site, hybrid, or 100% remote. For a remote candidate, you may be required to travel on occasion to attend critical company meetings or conferences. Candidates who meet most but not all the requirements are encouraged to apply. Actual job offer and title will be based on level of experience and skillset.

How You Will Make An Impact

  • Develop and maintain model code for various financial products, including Pension Risk Transfer, Stable Value, Lifetime Income, and Capital Markets.
  • Contribute to the implementation of actuarial automation systems using technologies such as Snowflake, AWS, Python, JavaScript, Docker, Git, and Azure Pipelines.
  • Collaborate with internal partners to define requirements and ensure the delivery of accurate, reliable, and effective solutions.
  • Assist in troubleshooting, debugging, and maintenance of model code and automation systems.
  • Participate in the development and deployment of reserving systems, leveraging technologies like Snowflake, Git, and Flyway.
  • Support and maintain LDTI production systems for the Enterprise Valuation Division.
  • Develop unit tests for models and assist in refining model deployment processes.
  • Conduct your work following CI/CD and Agile methodologies.
  • Contribute ideas to help the team improve its software development environment and processes.

The Experience You Will Bring

  • Bachelor’s degree in Actuarial Science, Computer Science, Finance, Mathematics, or a related field.
  • FSA designation.
  • 6 years of actuarial experience.
  • 4 years of programming experience in any language.
  • Solid foundation in actuarial modeling and software development.
  • Strong analytical and problem-solving skills, with the ability to translate complex actuarial concepts into actionable insights.
  • Experience with version control, testing methods, and collaboration tools.
  • Knowledge of object-oriented programming concepts.
  • Proficiency in Python, Visual Basic, JavaScript, or SQL.
  • Proficiency in Prophet and Snowflake.
  • Excellent communication skills, with the ability to explain technical concepts to coders, actuarial, and non-technical audiences.
  • Demonstrated ability to work independently and collaboratively in a fast-paced environment.

What Will Make You Stand Out

  • Demonstrated interest in software engineering and technology.
  • Understanding of CI/CD principles and source control techniques.
  • Familiarity with test-driven development, unit testing libraries in various languages, or can speak authoritatively on software development testing frameworks.
  • Experience with cloud technologies, particularly Snowflake, AWS, or Azure.
  • Familiarity with containerization technologies like Docker.
  • Experience in automation of or coordinating code merges through Git and Pull Requests.
  • Knowledge of various repository branching strategies.
  • Experience with code parallelization for multi-threaded or multi-processor implementations.
  • Demonstrated ability to simplify complex problems using first principles thinking.
  • Advanced knowledge and experience in Prophet.
  • Experience with Defined Contribution Lifetime Income (DCLI), QLAC, Target Date Funds, Personal Pension Funds, Group Annuity, Variable Annuity (VA), Fixed Income Annuity (FIA), Stable Value (SV) or other retirement products

Why You Should Apply

  • Be part of a team at the forefront of actuarial innovation and technological advancement.
  • Contribute to meaningful projects that impact the future of our clients and the company.
  • Collaborate with top talent across various departments.
  • Enjoy opportunities for career advancement and professional development.
  • Competitive compensation and benefits package.

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.

$159,660.00 - $195,140.00

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.

Salary : $159,660 - $195,140

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