Note: this role is no longer available. Find roles from actively hiring companies at the link below.
Go Home
Pacific Life Insurance Company

Pacific Life Insurance Company

Director & Actuary - Model Steward

Director & Actuary - Model Steward

Apply Now
Job Details
""
Uploaded On
June 29, 2023
""
Location
United States
""
Remote?
No
Salary
$
168
k-$
210
k
Glassdoor Ratings
""
Recommend to a Friend
""
Overall Score
[ 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 Model Steward to join our CMD Modeling team. This role can be on-site, hybrid, or 100% remote.

The Model Steward is a key leader within the Modeling Operations team focused on US Valuation and Production modeling platforms. This role has overall accountability for model controls and governance, integration, regression testing, and model defect resolution. You will fill new role that sits on a team of 6 people in the Consumer Markets division. You will work closely with actuarial developers, data/IT, valuation, pricing and modeling teams.

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

How you will make an impact:

  • Lead a team of modeling professionals within Model Steward team focused on governance, stewardship, automation and production model management.
  • Oversee the Model development life cycle and testing of all valuation and projection model implementation and conversion projects for CMD
  • Responsible for oversight of first-line Model Governance standards. Ensures model updates are appropriately documented and validated before promotion to production.
  • Works with business stakeholders to support appropriate UAT, model validation and acceptance of code changes from development teams.
  • Manage and prioritize defect resolution and mitigation.


  • Responsible for reviewing and maintaining all model documentation and working with Model Development leads and business stakeholders to secure appropriate review/UAT documentation for all changes made to models, impacts under key reporting bases and evidence of all the required approvals
  • Oversee model staging and integration of production models across all use cases
  • Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes, including model review and testing processes
  • Drive talent/staff development and talent strategy in terms of coaching, driving a strong culture of innovation, pride of work & execution, upskilling talent to grow skills across the modeling community
  • Lead CMD Model Merge Team to drive modeling best practices and coding standards
  • Collaborate with Actuarial IT to ensure data quality
  • Responsible for vendor relationship management, library upgrades and system upgrades
  • Recruit, train and develop talents to maintain a strong Modeling Team that can adequately support actuarial modeling needs


The experience you will bring:

  • Demonstrated leadership, communication and interpersonal skills
  • Strong modeling / actuarial platform skills, including FIS knowledge, including:
  • Familiarity with all components within FIS Insurance Risk Suite (i.e., PRD, DCS, PE, PP, PMCS)
Advanced knowledge of Prophet libraries (e.g., P360, ALS, Life and Health libraries)
Ideally existing working relationships with FIS Insurance Risk teams and individuals

  • Bachelor's degree in actuarial science, mathematics, finance, engineering, computer science or another quantitative related field is preferred
  • 10+ years of actuarial experience, preferably with life and annuities
  • FSA preferred or more experience in the relevant field;
  • Demonstrated leadership skills, proven success driving execution of complex initiatives
  • Exceptional organizational, quantitative, analytical, and problem-solving skills
  • Excellent verbal and written communication skills


What will make you stand out:

  • CERA
  • Familiarity with SQL, Essbase, Python, R, MATLAB, Tableau, Neural Net models and cloud computing a plus


Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

#LI-TM1 #LI-Remote

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. ]
Apply Now

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.