Senior Actuary - Prophet Modeler at Pacific Life

Newport Beach, California, United States

Pacific Life Logo
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 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

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

ProphetActuarial ModelingModel DevelopmentModel TestingModel DebuggingPeer ReviewALMHedgingValuationPricingAnnuity ProductsLife Products

Questions & Answers

Common questions about this position

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

This information is not specified in the job description.

Is this role remote or on-site, and where are the work locations?

This role is on-site and you'll work at either the state-of-the-art Newport Beach headquarters or the modern Omaha office.

What are the key qualifications and experience required for this role?

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, and an FSA Designation, with heavy use of Prophet for pricing, valuation, and ALM modeling.

What is the team structure for this position?

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

What makes a strong candidate for this Senior Actuary role?

Strong candidates are self-starters able to develop solutions by collaborating with multiple business partners, work independently and collaboratively on long-term projects, and are detail-oriented with excellent organizational, communication, and interpersonal skills.

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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