Job Description:

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 Associate Actuary to join the Office of the Chief Actuary in Newport Beach, CA. This role can be on-site, hybrid, or 100% remote.

As an Associate Actuary, you’ll play a key role in Pacific Life’s growth and long-term success by primarily managing and overseeing the corporate framework to consolidate company-wide results to satisfy statutory reporting requirements. You will fill an existing role that sits on a team of 5 people in the Corporate division.

How you will make an impact:

• Ensure the RBC C3 Phase I modeled results for two legal entities satisfy regulatory requirements and prepare the RBC C3 Phase I memorandum for both companies in compliance with requirements
• Manage the RBC C3 Phase I cash flow modeling process, consolidate company-level results, and explain changes in results from quarter to quarter
• Support the aggregation of results and consolidated reporting efforts for asset adequacy testing and principle-based reserving for two legal entities
• Manage the process related to the actuarial modeling and results of the longevity and life insurance retrocession businesses, ensure the results for asset adequacy testing, RBC C3 Phase I, and other purposes satisfy regulatory requirements, and prepare the divisional actuarial memorandum in compliance with requirements
• Serve as a point of contact and resource on matters related to statutory reserves and preparation of the statement pages and exhibits for the longevity and life insurance retrocession businesses
• Support the planning, capital management, risk monitoring, regulatory issues, future changes in statutory valuation requirements, financial reporting under statutory and other reporting bases, and other actuarial matters related to the longevity and life insurance retrocession businesses
• Implement any new requirements by being a key contributor in the data gathering, analysis, and reporting discussions and partnering with various teams in the company as needed
• Enhance processes by strengthening data integrity, implementing checks, and adding transparency
• Review regulatory requirements, state insurance regulations, actuarial guidelines and other guidance, interpret them if needed, and summarize any impact to results, processes or reports
• Prepare or review responses to rating agency surveys, auditor requests, and other requests accurately and by their due dates
• Serve as a resource related to the presentation of actuarial matters and exhibits in the statutory quarterly and annual financial statements
• Support enterprise assumption governance and risk management duties
• Supervise an actuarial analyst by being responsible for training, managing projects, providing feedback, conducting performance reviews, and supporting development goals
• Support key initiatives and ad hoc projects when requested.

The experience you will bring:

• 6+ years of Actuarial experience
• FSA Designation
• Strong communication and organizational skills
• Team player
• Detail-oriented with a solutions-driven mindset

What will make you stand out:

• Experience with statutory reporting requirements is a plus
• Actuarial modeling experience is helpful but not required (Prophet)
• Working knowledge of Alteryx, Tableau, and Workiva is preferred 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.

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.