Actuary, Risk and Compliance
HumanaSalary not specified
Full Time
Senior (5 to 8 years), Expert & Leadership (9+ years)
Senior Actuary (FSA) - Market Risk Reporting & Analysis at Pacific Life
Newport Beach, California, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial ServicesIndustries
Requirements
- FSA designation
- 6+ years of actuarial experience in annuities, life insurance, or finance industry
- Bachelor’s degree in actuarial science, mathematics, finance, computer science, or related field
- Strong quantitative, analytical, and problem-solving skills
- Detail-oriented with excellent organizational, communication, and interpersonal skills
Responsibilities
- Lead the Variable Annuity (VA) Market Risk production, overseeing junior team members, on the quarterly Financial Risk Projection and the annual Business Plan, including the projection of income statement, balance sheet, and capital requirement under various capital market and economic scenarios
- Conduct in-depth analysis on key drivers of market risk exposures including Aggregate Risk, Equity Risk, and Interest Rate Risk
- Produce VA market sensitivities and analyze Greeks including Delta, Rho, Vega, and Delta Gamma under various economic scenarios
- Support various risk management responsibilities, including assessment of potential risk mitigation approaches and hedging strategies
- Support various inforce management projects for the Variable Annuity business, including the development of market risk related VA assumptions
- Identify areas of potential improvements and implement solutions with emphasis on innovation, efficiency, and governance
Skills
Actuary
FSA
Market Risk
Variable Annuity
Risk Reporting
Financial Projections
Income Statement Projection
Balance Sheet Projection
Capital Requirements
Economic Scenarios
Equity Risk
Interest Rate Risk
Greeks
Delta
Risk Analysis
Hedging
Model Governance
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.
Related Jobs
RemoteRemoteFair Lending Quantitative Risk Analyst Lead
M&T BankSalary not specified
- Full Time
- Expert & Leadership (9+ years)
RemoteSenior Model Risk Manager
MercurySalary not specified
- Full Time
- Senior (5 to 8 years), Expert & Leadership (9+ years)
RemoteSr Manager, Data Science - Finance & Market Risk
WealthsimpleSalary not specified
- Full Time
- Senior (5 to 8 years)
RemoteActuary, Analytics/Forecasting
HumanaSalary not specified
- Full Time
- Mid-level (3 to 4 years), Senior (5 to 8 years)
RemoteDirector of Risk
AlpacaSalary not specified
- Full Time
- Senior (5 to 8 years), Expert & Leadership (9+ years)