Senior Actuary – CMD FP&A 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

InsuranceIndustries

Requirements

Bachelor’s degree or more with FSA
6+ years of experience in relevant insurance work
Working knowledge of life and/or annuity products in areas such as Valuation, Modeling or Pricing
Ability to communicate findings and take initiative to think through downstream impacts of analysis trends

Responsibilities

Analyze actual and expected spread income on fixed annuity and life insurance products
Build short-term and long-term forecasts with feedback loops to improve accuracy
Understand driver variance
Prepare and communicate driver analysis of spread margins comparing to prior quarter, plan and other best estimate projections
Collaborate across Investments, Valuation, Pricing and Inforce Management in the results and expectations
Use the information to create a feedback loop to refresh best estimate projections of spread income
Understand and communicate financial impacts of capital market changes across LDTI GAAP, statutory, and economic frameworks, ensuring alignment with assumed sensitivities
Assist in building annual plan projections for CMD with comparison and key story generation for changes to plan results year over year

Skills

Key technologies and capabilities for this role

FSALife Insurance ValuationAnnuity ModelingPricingFinancial ForecastingSpread Income AnalysisDriver Variance AnalysisLDTI GAAPStatutory ReportingCapital Markets Analysis

Questions & Answers

Common questions about this position

Is this role remote or onsite?

This is an onsite role requiring work at one of the offices in Newport Beach, CA or Omaha, NE. Candidates open to relocating are encouraged to apply.

What is the salary for this Senior Actuary position?

This information is not specified in the job description.

What are the key requirements for this role?

Candidates need a Bachelor’s degree or higher with FSA designation, 6+ years of experience in relevant insurance work, working knowledge of life and/or annuity products in Valuation, Modeling or Pricing, and the ability to communicate findings while thinking through downstream impacts.

What makes a candidate stand out for this position?

Standout candidates have a proficient understanding of ALM or hedging strategies for life/annuity products, experience building or explaining life/annuity reserve roll forwards, and demonstrated problem-solving skills while navigating ambiguity.

What is the company culture like at Pacific Life?

Pacific Life emphasizes a career with purpose, offering support, balance, and resources to make a positive impact on policyholders' futures and your own, achieved through collaborative teamwork.

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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