Senior Actuary (FSA) - Model Developer, New Business 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, Computer Science, Engineering, or a related field
FSA designation required
Proficiency with Prophet Professional and Prophet Enterprise
Proven experience collaborating with IT, transformation teams, and cross-functional stakeholders
Strong understanding of actuarial modeling, financial reporting, and regulatory requirements
Detail-oriented mindset with a focus on quality assurance
Excellent problem-solving skills, with the ability to think strategically and innovate
Effective communication skills, with the ability to explain technical concepts to coders, actuaries, and non-technical audiences
What makes you stand out
Strong background in model architecture and design
Proficiency in C#, Python, SQL, or other programming languages, with experience in object-oriented design and test-driven development
Experience with Azure DevOps, JIRA, Azure pipelines, Git, Snowflake, and AWS
Modeling experience with Life (Term, UL, VUL, IUL), Annuity (VA, RILA, FA, FIA), Institutional (PRT, HSA, FAB, DCLI), and Workforce Benefits (Vision, Dental, Group Life) products

Responsibilities

Maintain systems and perform development, testing, and debugging of pricing models, focusing on Pension Risk Transfer
Peer review changes made by other developers and act as an internal modeling expert for colleagues
Collaborate with model users to define requirements and deliver accurate, reliable, and effective solutions
Proactively evaluate and recommend modeling strategies and approaches to address business needs
Support pricing and research actuaries in competition analysis, profit studies, product management, and speed to market
Educate model users on new model features
Troubleshoot and investigate pricing models and related processes, including reconciliation as necessary
Collaborate with other modeling teams on methodology and technology; validate pricing models against those used in other areas (e.g., Valuation, ALM) for consistency
Apply CI/CD and Agile methodologies to model development
Support and comply with all Model Risk Management initiatives, documentation, and standards

Skills

Actuary

FSA

Model Development

Pricing Models

Pension Risk Transfer

CI/CD

Agile

Model Risk Management

Testing

Debugging

Peer Review

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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