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 Senior Actuary - Life and Annuity Pricing Modeler to join our Enterprise Modeling Team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
As a Senior Actuary - Life and Annuity Pricing Modeler, you’ll play a key role in Pacific Life’s growth and long-term success by developing and maintaining actuarial models used in life and annuity product pricing, e.g., Index Universal Life (IUL), Variable Universal Life (VUL), Term, Registered Index-Linked Annuity (RILA), Variable Annuity (VA) and Fixed Annuity (FA & FIA) products. You will collaborate with Pricing, R&D, Valuation, and New Business Reporting teams to provide cutting edge modeling and reporting capabilities.
You will join a team within the Enterprise Modeling division working to develop Life and Annuity Pricing Models using our in-house C#-based application.
How you’ll help move us forward:
Lead pricing model development projects and serve as the modeling Subject Matter Expert for new and existing life and annuity products.
Apply your knowledge of life and annuity products and regulations to build and maintain our pricing models—a high-speed and user-friendly C#-based pricing system.
Perform model development, testing, and debugging of pricing models. Peer review changes made by other team members and act as an internal modeling expert for your colleagues.
Collaborate with other modeling teams on methodology and technology. Validate pricing models against those used in other areas (e.g., Valuation, ALM, etc.).
Support pricing and research actuaries with competition analysis, profit studies, product management, and speed to market.
As the model liaison, educate model users on new features developed; support related production implementation efforts through model deployment.
Support and comply with all Model Risk Management initiatives, documentation, and standards.
The experience you bring:
Bachelor’s degree in actuarial science, computer science, finance, mathematics, or a related field.
6+ years of experience in actuarial modeling and coding.
Proficiency in C#, Python, or other programming languages is preferred.
Self-starter with the ability to develop solutions by collaborating with multiple business partners.
Ability to work independently and collaboratively as part of a team and manage long-term projects.
Detail-oriented with excellent organizational, communication, and interpersonal skills.
Excellent analytical, problem-solving, and decision-making skills.
What will make you stand out:
FSA designation
Experience coding in C#, Python, or other programming languages.
Experience working with Azure DevOps and/or JIRA pipelines.
Experience with software development processes, including CI/CD and version control systems such as Git
Experience with complex products such as IUL, RILA, and other life and annuity products.
Experience working with actuarial software, such as Prophet, ALFA, MoSes, or GGY.
Experience with ALM/Hedging.
Base salary ranges (location specific):
Newport Beach, CA: $167,670 - 204,236
Omaha, NE: $144,810 - $176,990
Charlotte, NC: $152,370 - 186,230
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.
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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.
$167,670.00 - $204,930.00
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
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
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.
