Assistant Actuary - Enterprise Valuation

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
We’re actively seeking a talented Actuarial Analyst II/Assistant Actuary to join our Enterprise Valuation team in Newport Beach, CA. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office. This role may be filled at the Actuarial Analyst ll or Assistant Actuary level depending on the experience and qualifications of the applicant.
As an Actuarial Analyst II/Assistant Actuary you’ll move Pacific Life, and your career, forward by supporting statutory, GAAP, and tax valuation for Pension Risk Transfer, Spread Lending, Institutional Fixed Annuities, and Synthetic GIC products. You will fill an existing role that sits on a team of four people in the Enterprise Valuation division. Your colleagues will include fellow actuarial professionals.
How you’ll help move us forward:

• Production of quarterly financial information on statutory, GAAP, and tax reserves for Pension Risk Transfer, Spread Lending, Institutional Fixed Annuities, and Synthetic GIC products.

• Assist in the construction and maintenance of valuation databases and preparation of data for business analytics and ad hoc requests.

• Analyze valuation results, including attribution analysis and actual-to-plan comparisons.

• Compiling responses to requests from State Department of Insurance, auditors, regulators, rating agencies, and other interested parties.

• Implementation of data controls and system improvements related to the valuation processes.

• Support for Model Risk Management initiatives, including documentation, peer review exercises, and other best practices guidelines.

• Interaction with other functional departments as needed.

The experience you bring:​

• Experience with actuarial modeling, valuation, and financial reporting.

• Strong quantitative, analytical, and problem-solving skills.

• Excellent organizational, interpersonal and communication skills.

• Additional qualifications for specific job level as noted below:

Actuarial Analyst ll: 2+ years of actuarial experience with at least two SOA exams toward the ASA designation, 4-year degree or equivalent experience; position is eligible for Actuarial Student Program.

Assistant Actuary: 4+ years of actuarial experience and requires an ASA designation, 4-year degree or equivalent experience; position is eligible for Actuarial Student Program.

What makes you stand out:

• Experience with financial modeling systems, particularly Prophet.
• Experience with database management programs, particularly Snowflake.
You can be who you are.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
 

Base Pay Range:

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$118,800.00 - $145,200.00

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.