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

FSA

Life Insurance Valuation

Annuity Modeling

Pricing

Financial Forecasting

Spread Income Analysis

Driver Variance Analysis

LDTI GAAP

Statutory Reporting

Capital Markets Analysis

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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