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 talented early career Actuaries to join Pacific Life. Preference will be given to applicants who are able to work Hybrid - at least 2 days on-site in Newport Beach, CA or Omaha, NE office locations.
Application Deadline: October 27th, 2023
Candidates applying must be available to start a full-time position in Q1 of 2024.
As an early-career actuary at Pacific Life, you will automatically be enrolled in our Early Career Actuarial Rotation Program. The program provides a comprehensive approach to helping our student actuaries build well rounded careers at Pacific Life. Students typically complete several rotations as they work toward achieving their FSA designation. The rotation positions aim to expose student actuaries to multiple functional and product areas and strengthen their technical skills. Our students are mentored and supported through their exam progress with paid study time, cost coverage for exam materials and fees, as well as bonuses and raises for passing exams, modules, and achieving the ASA and FSA designations.
As an applicant to the Rotation Program, you will be considered for all early career Actuarial openings available within the various divisions and product lines at Pacific Life. We offer rotational positions across the organization in our Corporate, Consumer Markets, Institutional, and Workforce Benefits divisions. Each division has actuarial teams focused on everything from valuation, modeling, and risk management to pricing, product design, and experience studies to name a few. During the interview process you will have an opportunity to share your preferences and interests with the hiring team to help inform your initial placement.
Individuals who exceed the qualifications below are encouraged to apply. The actual job title and compensation will depend on the candidates’ experience and exam progress.
How you will make an impact:
Actively pursue the ASA/FSA designations by passing exams and modules per the SOA and participating in the Student Actuarial Rotation Program.
Perform analyses to assess and manage risk associated with insurance and other financial products & instruments
Analyze and provide counsel to business leaders regarding the economic and financial costs of risk and uncertainty for the business
Use knowledge of advanced statistical analysis, predictive modeling analytics, financial accounting, and/or actuarial research to develop, test, and validate models used in business decisions.
Monitor and analyze laws and regulation developments applicable to functional area operations
Consider internal and external statistical trends, factors, issues, and data impacting results as well as the company’s business goals and strategies in analyses, recommendations, and/or decisions.
Relevant Competencies:
Continuous Learning. You want to continue learning and expanding both the depth and breadth of your knowledge as it pertains to your functional responsibilities and business acumen.
Curiosity. You demonstrate an interest in finding underlying causes and understanding how the work you do relates to our business mission and strategy.
Adaptability. You can adjust your focus and/or approach depending on results, strategy, or business needs.
The experience you’ll bring:
Bachelor’s Degree* in Actuarial Science, Finance, Mathematics or related field
At least 1 actuarial summer internship or other full time actuarial work experience
1 or more SOA exams passed toward ASA designation
Ability to work independently and collaboratively as part of a team.
Strong organizational, communication, and interpersonal skills
Intermediate proficiency in Excel (VBA, a plus), PowerPoint, Word, etc.
Excellent analytical, problem-solving, and decision-making skills
*Note: If you have not yet graduated, please review our Summer Actuarial Internship Program and apply if interested.
What will make you stand out:
- Prior internships or experience with life and/or annuity products
- Experience with Prophet
- Experience with programming languages and/or databases
- Experience with data visualization tools (Alteryx, R, PowerBI, Tableau, etc.)
Compensation:
The base pay range for this position is between $67,000 – $93,000
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.
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.
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.