Senior Actuary, Enterprise Valuation 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

Candidates must have over 6 years of actuarial experience, with a background in a valuation function, and a Bachelor's degree in actuarial science, mathematics, finance, economics, data science, or a related field. A Fellow of the Society of Actuaries (FSA) designation is required, along with significant experience with actuarial modeling systems like Prophet. Familiarity with US GAAP reporting and requirements, strong analytical, interpersonal, and communication skills, and effective time management and multi-tasking abilities are also necessary. Experience with life insurance products, data analytic and visualization tools (Alteryx, R, Tableau), and data management tools (Snowflake) are considered advantageous.

Responsibilities

The Senior Actuary will support the GAAP Director in managing quarter-end deliverables by tracking tasks, delegating, and resolving issues using Azure Dev Ops. Responsibilities include leading efforts to resolve valuation run issues, performing quarterly calculations of GAAP balances for life insurance products, and developing new solutions for ad-hoc and sensitivity analyses. The role requires serving as a subject matter expert on GAAP impacts on life insurance products, performing analysis to educate senior management on GAAP expectations, and fostering team member development through coaching and feedback. Ensuring compliance with internal and regulatory governance standards by testing valuation models and developing documentation is also key. Additionally, the Senior Actuary will identify opportunities to improve GAAP metrics and analytics, support industry-wide GAAP working group projects, and assist with ad-hoc projects as needed.

Skills

GAAP
Actuarial Valuation
Financial Analysis
Problem-Solving
Communication
Azure Dev Ops
Project Management

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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