Senior Actuary, Model Risk
Pacific Life Insurance Company
Senior Actuary, Model Risk
Newport Beach CA-700 · Hybrid · 2d ago
- Salary
- $168k - $205k
- Experience
- 5+ Years
Role Summary
Role type
Capital and model risk strategy
Closer to capital and enterprise risk oversight than a modelling-heavy IC role—the deciding factor is independent challenge and governance rather than primary model production.
Senior Life actuary role in Pacific Life’s Model Risk Management team in hybrid Newport Beach, California. You’ll independently review and challenge complex models across life, annuity, institutional, and workforce benefits businesses, covering valuation, pricing, forecasting, and economic capital. The role reports to the AVP of Model Risk Management and requires an FSA with at least five years of relevant experience.
Requirements
Must have
- At least 5 years of relevant actuarial experience
Strongly preferred
- FSA designation
- Hands-on experience in life/annuity valuation, pricing, forecasting, ALM, hedging, or economic capital
- Experience reviewing, developing, or validating complex actuarial models
- Strong actuarial judgment and ability to identify material issues beyond calculation accuracy
- Experience leading projects
- Managing competing priorities
- Communicating conclusions to senior stakeholders
- Ability to work independently
- Ability to get up to speed quickly in unfamiliar areas
Nice to have
- Experience with Prophet or other actuarial modeling platforms
- Prior model validation or second-line risk experience
- Coding skills in Python, R, or SQL
- Familiarity with emerging AI tools and predictive modeling
- Working knowledge of principle-based reserving, LDTI, or asset adequacy testing
Skills & Domain
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