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Pacific Life Insurance Company

Pacific Life Insurance Company

Director & Actuary - Actuarial Transformation

Director & Actuary - Actuarial Transformation

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Job Details
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Uploaded On
June 5, 2023
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Location
Newport Beach CA-700
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Remote?
No
Salary
$
168
k-$
210
k
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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 professional to join the Enterprise Actuarial and Reinsurance Team.  This is a new role and you will report to the VP of Actuarial Reporting and Forecasting and can be on-site or remote.

As Director, Actuarial Transformation, you will play a key role in driving our actuarial transformation agenda, with an immediate focus on the implementation of Long Duration Targeted Improvements (LDTI) for GAAP reporting.  You will act as the subject matter expert, and help drive the LDTI program from the enterprise.  You will work with multiple stakeholders across Finance, Actuarial, and IT to oversee and deliver the LDTI implementation.  In addition, you will support wider transformation efforts as we continue our actuarial modernization journey.

Candidates who meet most but not all requirements are encouraged to apply. Actual job title and offer will be based on experience and skillset.

How you will make an impact:

  • In collaboration with finance SMEs, define the LDTI business requirements as part of our end-to-end reporting solution
  • Engage divisions and other projects to ensure buy-in and completeness of requirements
  • Manage the change process for new requirements as the project progresses
  • Bring insights and identify potential risks of key solution design decisions
  • Bring ideas and solutions to drive the project direction and solve issues as the implementation progresses
  • Oversee and provide guidance on execution to workstreams and divisions
  • Support the communication of status, issues and decisions needed in key leadership forums and committees
  • Drive the preparation, planning and execution of the dry run and parallel run reporting efforts
  • Guide the transition from project to BAU as move towards adoption.

The experience you will bring:

  • Bachelor’s degree in actuarial science, finance, mathematics, or related field
  • 8+ years of relevant experience within the life insurance sector or consulting environment
  • Experience executing finance transformation programs within life insurers
  • Experience managing projects with multiple stakeholders, workstreams and with cross-functional interactions
  • Strong quantitative, analytical, and problem-solving skills with innate curiosity and attention to details
  • Ability to manage projects and workstreams and provide direction to staff
  • Effective verbal and written communication
  • Strong teamwork, relationship, and interpersonal skills

What will make you stand out:

  • Experience driving LDTI or IFRS 17 implementation projects
  • Strong technical knowledge of the financial reporting process from end-to-end
  • Experience with large-scale, cross functional transformation projects, including working with external consultants

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.

$168,200.00 - $210,200.00 - $294,300.00

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.

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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.

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