Actuary, Research & Development at Pacific Life

Aliso Viejo, California, United States

Pacific Life Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

  • Qualified or nearly qualified Actuary with a minimum of 2 years’ experience in life (re)insurance
  • Strong understanding of actuarial principles and processes
  • Awareness of systems including Excel, SQL, R, Tableau
  • Strong analytical skills, combined with sound judgement and commercial awareness
  • Knowledge and appreciation of modern techniques used to develop experience studies, generate insight and basis development
  • Ability to visualize complex data to identify trends
  • Strong communication and presentation skills
  • Direct or indirect global market experience and knowledge: culture, legislation, regulations, commercial practices

Responsibilities

  • Develop and maintain global standards for experience analysis, including methodologies and processes, in collaboration with divisional and enterprise stakeholders
  • Support the R&D initiatives within global projects, working cross-functionally with Corporate Actuarial, Finance, and Operations
  • Support the building of the global experience analysis tool by contributing to requirement gathering, model design input, and testing activities to ensure alignment with actuarial standards and business needs
  • Conduct experience analysis for the North American region, delivering high-quality insights and supporting the transition to globally consistent practices
  • Support the development and implementation of enterprise-wide assumption governance frameworks, ensuring consistency, transparency, and alignment with risk and regulatory expectations
  • Maintain model risk awareness by identifying potential risks in experience analysis processes and supporting mitigation strategies in collaboration with risk and governance teams

Skills

Experience Analysis
Assumption Setting
Actuarial Modeling
Model Design
Requirement Gathering
Testing
Model Risk Management
Stakeholder Collaboration
Governance Frameworks

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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