Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a talented Assistant Actuary to join our Institutional Division Valuation team in Newport Beach, CA. This role can be on-site, hybrid, or 100% remote.
As an Assistant Actuary, you'll play a key role in Pacific Life's growth and long-term success by analyzing projection results and producing and enhancing reports and disclosures for group variable annuity products. Your colleagues will include valuation and risk management actuaries from across the enterprise.
How you will make an impact:
- Prepare, review, and analyze principle-based reserving (PBR) under VM-21 for group variable annuity products
- Prepare, review, and analyze GAAP reserve movement for group variable annuity products
- Prepare, review, and analyze annual statement pages, exhibits and supplements in accordance with regulatory requirements
- Review and analyze regulatory, financial, and economic projection results
- Assist in testing innovative hedging strategies to effectively manage complex exposures that combine Actuarial, Financial, and Capital Market risks
The experience you will bring:
- Bachelor's degree in Mathematics, Economics, Finance, Actuarial Science, Statistics, or related degree
- Associate of the Society of Actuaries (ASA) with 4+years of experience
- Thorough knowledge of variable annuity products
- Excellent organizational, interpersonal and communication skills
- Strong quantitative, analytical, and problem-solving skills
- Experience with financial modeling systems, particularly Prophet, preferred
What will make you stand out:
- Snowflake, Alteryx and Power BI or Tableau knowledge is beneficial, but not required.
Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.
#LI-TM1 #LI-Hybrid
Base Pay Range:
The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay.
$103,000.00 - $128,800.00 - $173,900.00
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.
- Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
- Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
- Paid Parental Leave as well as an Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
Working at
Pacific Life Insurance Company
Pacific Life Insurance Company is a reputable and long-standing provider of life insurance, annuities, and investment solutions. With a rich history spanning over 150 years, Pacific Life has established itself as a trusted name in the industry, known for its financial strength and stability. Actuaries play a crucial role at Pacific Life, utilizing their expertise in risk assessment and management to develop innovative and competitive products. They analyze vast amounts of data, conduct in-depth calculations, and employ advanced statistical models to determine appropriate pricing and risk levels for insurance and investment offerings. Actuaries collaborate closely with cross-functional teams, including underwriters and product managers, to ensure the company's products meet the needs of its diverse customer base. Pacific Life recognizes the value of continuous professional development and supports its actuaries in pursuing actuarial exams and further enhancing their skills. Through comprehensive training programs, mentorship opportunities, and access to industry seminars, actuaries at Pacific Life can stay at the forefront of the field and expand their knowledge. Joining Pacific Life as an actuary means becoming part of a dynamic and inclusive work environment, dedicated to innovation and excellence. Actuaries can expect competitive compensation packages, comprehensive benefits, and a supportive culture that values work-life balance. By joining Pacific Life, actuaries have the opportunity to make a meaningful impact in the lives of individuals and families by helping them secure their financial future with reliable insurance and investment solutions.