Senior Actuary - Life & Annuities Experience Studies at Pacific Life

Aliso Viejo, 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 in Actuarial Science, Mathematics, Computer Science, Data Science, or other related fields
FCIA or FSA designation
Excellent written/verbal communication and leadership skills, with ability to present complex information clearly and concisely to various audiences, including senior management
Strong organizational, time management, and interpersonal skills
Ability to work collaboratively as part of a team

Responsibilities

Lead the preparation of experience studies for assumption setting and present findings to working groups and senior management committees
Bring new emerging tools and analysis techniques such as predictive analytics, artificial intelligence, and machine learning into the development of experience studies
Provide technical expertise while considering modeling capabilities and potential downstream impacts, striving for a balance between addressing business complexities and simplifying implementation
Provide expertise and insights into Product Strategy, particularly for innovative new product types and market opportunities, recognizing the sensitivity of assumptions and their impact on financial statements
Build strong relationships with key stakeholders to ensure assumption approval and successful implementation
Create experience monitoring dashboards at the right granularity to report key insights and emerging trends to senior management
Implement process improvements, automation, and efficiencies where applicable
Work with external consultants to gather external industry data to validate assumptions and benchmark against competitors
Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks
Provide leadership, guidance, and effective coaching to junior team members, if applicable

Skills

Experience Studies

Predictive Analytics

Artificial Intelligence

Machine Learning

Actuarial Modeling

Assumption Setting

Data Dashboards

Product Strategy

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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