Senior Actuary - Capital Management at Pacific Life

Newport Beach, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Bachelor’s degree in actuarial science, finance, mathematics, or a related field
FSA designation required with 8+ years of actuarial experience preferable
Strong analytical and problem-solving skills with attention to detail and intellectual rigor
Effective communicator with the ability to build relationships and collaborate across teams
Hands-on experience in capital planning, reporting, and analysis within a life insurance context
Familiarity with US Statutory & Bermuda capital frameworks and management reporting

Responsibilities

Lead quarterly capital reporting, including producing various attribution and forecast analytics for regulatory capital for Capital Management Committee and the Board
Execute capital planning component of the annual strategic plan, including capital allocation, organic capital budget development, solvency ratio and excess capital projection and associated analytics
Enhance regulatory capital forecasting and scenario analysis capabilities, incorporating drivers such as market movements, new business, hedging, and reinsurance
Support capital workstream of the multi-year enterprise wide Finance Transformation project to enhance capital reporting, forecasting, planning and what-if capabilities
Collaborate on cross-functional projects and provide insights to senior leadership

Skills

Key technologies and capabilities for this role

Actuarial ModelingCapital ReportingCapital PlanningRegulatory CapitalSolvency AnalysisScenario AnalysisForecastingCapital AllocationFinancial AnalyticsReinsuranceHedgingStrategic Planning

Questions & Answers

Common questions about this position

What is the work arrangement for this Senior Actuary role?

The role follows a hybrid schedule of four days in the office (on-site) in either Newport Beach, CA or Omaha, NE, and requires relocation if you are not currently located near one of these offices.

What qualifications and experience are required for this position?

Candidates need a Bachelor’s degree in actuarial science, finance, mathematics, or a related field, FSA designation required with 8+ years of actuarial experience preferable, strong analytical and problem-solving skills, effective communication and collaboration abilities, hands-on experience in capital planning, reporting, and analysis in life insurance, and familiarity with US Statutory & Bermuda capital frameworks.

What is the salary or compensation for this role?

This information is not specified in the job description.

What is the company culture like at Pacific Life?

Pacific Life emphasizes collaboration, innovation, diversity, equity, and inclusion, with a focus on supporting employees' careers, work-life balance, and making a positive impact, while prioritizing people first.

What makes a strong candidate for this Senior Actuary position?

A strong candidate will have an FSA designation with 8+ years of actuarial experience, hands-on expertise in life insurance capital planning, reporting, and analysis, familiarity with US Statutory and Bermuda frameworks, and proven analytical, problem-solving, and cross-team collaboration skills.

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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