Actuarial Intern - 2026 recruitment at Pacific Life

Aliso Viejo, California, United States

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Not SpecifiedCompensation

InternshipExperience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Pursuing studies in Actuarial Science or related field (implied for 2026 internship recruitment)
Available for full-time hybrid work in downtown Toronto office

Responsibilities

Support quarterly and annual valuation and financial reporting activities under US Statutory & US Tax, US GAAP, IFRS17 & LICAT, Economic Capital, and Bermuda Statutory bases (Actuarial Analytics & Insight, Protection)
Perform miscellaneous reserve calculations, reconciliations, and analysis
Verify and understand actuarial assumptions
Calculate reserves and capital requirements from first principles
Assist with reserve sensitivities and scenario testing
Perform valuation model spot-checks under various accounting and regulatory bases using AXIS actuarial software, including independent validation for sample policies (Valuation, Capital)
Confirm the accuracy and completeness of valuation data
Document and explain results
Support other activities and projects as needed
Implement changes in the AXIS actuarial model
Test the impact of various valuation system changes
Participate in various other investigations
Play a key role in the annual North American protection experience analysis to feed into valuation assumptions (Research & Development)
Apply statistical methods in the calibration of the divisional economic capital model via the "quantifying insurance risk" framework
Contribute to the development of key assumptions (mortality, longevity, critical illness, and disability) through analysis of internal and external data
Work with tools such as Excel, R, SQL, and Tableau to support improvements across processes, tools, models, and documentation, and challenge current practices
Take a key role in the quote process ensuring high technical standards and timely delivery of experience analyses and pricing (Savings & Retirement, Deal Pricing)

Skills

Data Visualization

Process Automation

Cash Flow Analysis

Rider Analysis

Actuarial Valuation

Pricing

Risk Management

Financial Modeling

Product Design

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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