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Pacific Life Insurance Company

Senior Actuary (FSA) - Life Statutory Valuation

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What they do

An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.

$129,227 / year median in California

+4% projected growth

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Job Description

Senior Actuary (FSA)
  • Life Statutory Valuation Pacific Life Insurance Company
  • 3.7 Newport Beach, CA Job Details Full-time $144,810
  • $204,930 a year 16 hours ago Benefits Paid parental leave Paid holidays Relocation assistance Health insurance Dental insurance Paid time off Adoption assistance Work from home Parental leave Vision insurance 401(k) matching Benefits from day one Life insurance Qualifications Insurance industry regulations reporting standards AI tools proficiency Snowflake Life insurance knowledge Bachelor's degree Valuation standards FSA Excel data analysis
Full Job Description 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 Senior Actuary
  • Life Statutory Valuation to join our Enterprise Valuation 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. If you are not currently located near one of our offices, we offer comprehensive relocation assistance. As a Senior Actuary
  • Life Statutory Valuation you'll move Pacific Life, and your career, forward by helping modernize our Valuation processes and enhancing our analysis.
You will fill an existing role that sits on a team of 6 people in the Enterprise division. Your colleagues will include FSA's, ASA's and analysts.
How You'll Help Move Us Forward:
Bring our quarterly reserve analysis forward with additional insights, identification of drivers, and explanation of movements for various audiences Assist with quarterly valuation work in Prophet. Identify bottlenecks and propose solutions for further automation and operational excellence Enhance our policy audit tools by building off of existing frameworks or coming up with independent ideas to satisfy internal stakeholders, regulators, and auditors Work with modeling, data, reinsurance, other Valuation teams to enhance models, validate changes, and improve the overall modeling Collaborate with and upskill junior members of the team.
The Experience You Bring:
Bachelor's degree in actuarial science, computer science, finance, mathematics, or a related field. FSA designation 6+ years relevant experience Prophet, Excel, AI, Snowflake, Knowledge of Life Statutory Valuation, VM-20 and Pre PBR Valuation standards
What Makes You Stand Out:
Driven to learn, driven to automate, not afraid to take risks. Does not accept the status quo as the future state. History of implementing automation Snowflake, Prophet, Excel, AI, Hungry, humble, smart. Collaborates well with broader group. Proposes process improvements and new ways of analysis Base salary ranges (location specific):
Newport Beach, CA:
$167,670
  • 204,236
Omaha, NE:
$144,810
  • $176,990
Charlotte, NC:
$152,370
  • 186,230
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. $167,670.00
  • $204,930.
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 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
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.