Director & Actuary

Job Description:

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a talented Director 7 Actuary to join our Risk Management team. This role can be on-site, hybrid, or 100% remote.

As a Director & Actuary, you'll play a key role in Pacific Life's growth and long-term success by leading a team of actuaries in projecting Variable Annuity balance sheet and income statements under GAAP, Statutory and Economic lenses. The projections are used for measuring quarterly risk exposure and annual planning and forecasting. You will work alongside the hedging team to assess potential risk mitigation approaches, and the impacts on the risk exposures and plan. You will fill an existing role that sits on a team of 8 people in the Consumer Markets division.

How you will make an impact:

• Managequarterly VA GAAP, STAT, and Economic risk projections, annual business plan
• Oversee the development, maintenance, and documentation of financial models and modeling processes in support of the Division's evolving VA risk management needs. Identify areas of potential improvements and recommend/implement solutions with emphasis on innovation, efficiency, and governance
• Build tools and understanding on how projections would change under different economic assumptions and hedging strategy
• Work with Financial Projections and Analysis to explain the drivers of income and balance sheet changes due to changes in the underlying economic assumptions
• Participate in complex cross-functional projects and initiatives in a dynamic business environment. Effectively communicate complex financial concepts to colleagues and management
• Manage a team of actuarial students

The experience you will bring:

• 8 years of actuarial experience with an FSA designation
• Deep experience in Variable Annuity products, in areas of actuarial modeling, financial reporting, forecasting, risk and capital management, and/or VA hedging.
• Strong quantitative, analytical, and problem-solving skills with innate curiosity and attention to details
• Ability to manage projects and workstreams and provide direction to staff
• Demonstrated project management, leadership, communication, and interpersonal skills
• Bachelor's degree in actuarial science, mathematics, finance, engineering, computer science or another related quantitative field

What will make you stand out:

• Experience in Variable Annuity Hedging and/or Valuation knowledge under STAT/GAAP/Economic lenses
• Experiences in annual Plan process
• Experience working in Prophet and/or MoSes

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

#LI-TM1 #LI-Hybrid

Base Pay Range:

The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. 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.