Actuary & Director - Economic Value at Pacific Life

Newport Beach, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

FSA designation
Bachelor’s degree in actuarial science, finance, mathematics, or related field
8+ years of relevant experience within the life insurance sector
Experience with a range of reporting bases and product types including various ways to analyze business performance and metrics
Strong quantitative, analytical, and problem-solving skills with innate curiosity and attention to details
Effective verbal and written communication
Ability to work in a fast-paced, dynamic environment with high degrees of ambiguity
Demonstrable track record of working effectively with others and leading them

Responsibilities

Drive the implementation of the economic framework across valuation, including future state design, development of implementation standards, and operationalization of the framework for quarterly reporting
Collaborate with actuarial teams and users of actuarial outputs to define business needs and future state reporting vision within the business
Bring consistency to our approach to reporting across the enterprise, providing guidance, templates and structure to meet the enterprise reporting needs
Develop standards, practices, and guidance around actuarial reporting, including how teams apply thresholds, analytics
Develop analysis to explain impacts and movements across our economic reporting basis, communicate results and analysis to key stakeholders
Serve as the SME for actuarial transformation related to EV/EC, working with various internal and external teams, including actuarial modelling, data, IT, and finance business partners to transform the economic reporting process to improve accuracy, trust, and timeline
Communicate results and analysis with clarity and appropriate for intended audience
Conduct ad-hoc analysis and support requests or projects within the aggregation & optimization team as needed

Skills

Key technologies and capabilities for this role

ActuaryFSAEconomic ValueEV/ECValuationEconomic FrameworkActuarial ModelingReportingAggregationOptimization

Questions & Answers

Common questions about this position

What is the work arrangement for this role?

This is a hybrid schedule requiring four days in the office on-site in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If not currently located near one of these offices, relocation is required.

What are the required qualifications for this position?

Candidates must have an FSA designation and a Bachelor’s degree in actuarial science.

Where are the office locations for this job?

The role is based in Newport Beach, CA, Omaha, NE, or Charlotte, NC.

What is the salary or compensation for this role?

This information is not specified in the job description.

What makes a strong candidate for this Actuary & Director position?

A strong candidate will have an FSA designation, a Bachelor’s degree in actuarial science, and experience driving economic framework implementation, collaborating across teams, and communicating complex analysis clearly.

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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