Reinsurance Clerk jobs in Huntington Beach, CA

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 Actuary & Director to join our Ceded Reinsurance in Newport Beach, CA or Omaha, NE. This fulltime role can be onsite or hybrid.

As an Actuary & Director, you'll play a key role in Pacific Life's growth and long-term success by leading major reinsurance activities. You will fill an existing role that sits on a team of 7 people in the Ceded Reinsurance team. Your colleagues will include Actuarial Analysts, Assistant Actuaries, Associate Actuaries and Directors. This team enjoys a collaborative environment where we work together within the Chief Actuaries area to deliver reinsurance solutions to the entire Pacific Life organization.

How you will make an impact:

• Oversight of inforce reinsurance program through:

  • Evaluation and monitoring the value of program.

  • Management of Captives Program, including capitalization, reviews of audited financials, performing asset adequacy testing support, supporting regulatory and auditor reviews and Plan.

  • Providing actuarial review and analysis for quarter-end settlements and financial reporting through clear understanding of accounting implications of various structures.

• Manage reinsurance relationships and communication for New Business and Inforce discussions, with a primary focus on traditional life reinsurance and catastrophic risk partners.

• Lead and direct the analysis and execution of new reinsurance arrangements, aligning with new business or Inforce business strategy. Collaborate with Product Design, Underwriting, Risk selection, and other functional areas to engage Reinsurance at critical points.

• Provide actuarial advice on acceptable reinsurance rate structures, treaty terms, and levels of mortality risk related to the company's Individual Life insurance business.

• Negotiate rates and contract terms with reinsurers, working closely with the Reinsurance Administration team to implement new treaties for each of the Life Insurance division's products.

• Monitor insurance and reinsurance market conditions, develop solutions to address shifts, and gain buy-in from senior management. Additionally, support new Underwriting model development and coordinate reinsurance needs within projects.

• Model and analyze complex reinsurance transactions and make strategic recommendations.

• Understand downstream impacts of potential transactions to various stakeholders such as legal, tax, as well as multiple accounting bases and jurisdictions including but not limited to GAAP, Stat, Bermuda.

• Serve role as reinsurance subject matter expert for Modelling and Valuation.

The experience you will bring:

• Fellow of the Society of Actuaries (FSA), Career Associate of the Society of Actuaries designation.

• 10 years of life insurance, annuity and/or reinsurance experience, with experience in financial reporting or valuation roles.

• Experience with reinsurance preferred.

• Strong influencing and negotiation skills and ability to work successfully with many different stakeholders.

• Excellent interpersonal and communication skills (both verbal and written) with ability to tailor approach to the audience.

• Strategic, technical and analytical mindset.

• Effective project management and multi-tasking skills.

• Ability to lead multiple projects and meet tight deadlines with thoughtful planning and effective execution.

What will make you stand out:

• Strong research/analytic capability and innovative thinking.

• Leadership qualities that promote collaboration and teamwork with internal and external partners.

• Organizational skills that promote effectiveness with managing timelines.

• Strong communication skills and ability to explain technical actuarial items in easy-to-understand presentations to non-actuarial audiences.

• Experience with non-traditional reinsurance such as capital financing.

You belong at Pacific Life

At Pacific Life we are committed to a culture of belonging, a space where all employees areempowered to be authentic. One way we cultivate an inclusive culture is through our employee connection groups. The purpose of these employee-led groups is to offer a place to build community, connection, camaraderie, and a sense of belonging.Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at www.pacificlife.com.

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

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.