Senior Actuary - Prophet Modeler 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 in actuarial science, computer science, finance, mathematics or related field
4+ years’ actuarial experience
6+ years’ experience in actuarial modeling and coding
FSA and/or FCIA Designation
Excited to work in a role that involves heavy use of Prophet in context of pricing, valuation and ALM modeling
Self-starter with ability to develop solutions by collaborating with multiple business partners
Ability to work independently and collaboratively as part of a team, and to manage long-term projects
Detail-oriented with excellent organizational, communication, and interpersonal skills
Excellent analytical, problem-solving, and decision-making skills
Works independently, receives minimal guidance
Acts as a resource for colleagues with less experience
May lead functional teams or projects

Responsibilities

Work in a modeling role focused on model development for new and existing annuity, life, and institutional products
Perform model development and testing/debugging of Prophet models, peer review changes made by other team members and act as an internal Prophet expert for your colleagues
Proactively evaluate and recommend modeling strategies and potential approaches to find solutions that best address business needs
Lead model development initiatives that improve and expand existing models
Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes
Provide guidance and expertise to junior staff on methodology, model implementation, and testing/debugging to support modeling initiatives
Support and comply with all Model Risk Management initiatives and Model Steward documentation and standards

Skills

Key technologies and capabilities for this role

ProphetProphet ModelingActuarial ModelingModel DevelopmentModel TestingAnnuity ProductsLife InsuranceALMHedgingPeer Review

Questions & Answers

Common questions about this position

What is the salary for this Senior Actuary - Prophet Modeler position?

This information is not specified in the job description.

Is this role remote or does it require office work?

This role is hybrid, eventually requiring 4 days a week in the office in Toronto, Canada.

What skills and experience are required for this position?

Candidates need a Bachelor’s in actuarial science, computer science, finance, mathematics or related field, 4+ years’ actuarial experience, 6+ years’ experience in actuarial modeling and coding, FSA and/or FCIA Designation, and heavy experience with Prophet modeling.

What is the team structure like for this role?

The role sits on a team of fourteen people in the Enterprise Modeling division, including software and data engineers, data scientists, and fellow actuarial professionals.

Are candidates who don't meet all requirements encouraged to apply?

Yes, candidates who meet most but not all requirements are encouraged to apply.

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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