Senior Actuary - Experience Studies

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 research and development actuary to join our Mortality Experience Studies team within the Inforce Management function out of our Newport Beach, CA, or Omaha, NE.

* This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

As a Senior Actuary you'll move Pacific Life, and your career, forward by using cutting-edge tools and statistical techniques to monitor emerging mortality and morbidity experience and develop assumptions across all of Pacific Life's life and annuity products. You will fill an existing role that sits on a team of 12 people in the Experience Studies function. Your colleagues will include experience study actuaries and close partnership with data scientists, underwriters, reinsurers, modelers, and valuation actuaries. You will also be communicating the impacts of assumption updates and evolving mortality experience with senior executives.

How you'll help move us forward:

• Lead experience analysis and assumption development for life and annuity biometric assumptions including mortality, mortality improvement, and morbidity incorporating predictive analytics, AI, and machine learning.

• Monitor quarterly experience and communicate the 'what happened and why' to senior management (i.e., own the messaging).

• Maintain and improve the current suite of tools and processes across Tableau, R, and Snowflake.

• Support strategic opportunities in reinsurance and M&A

• Perform peer and technical reviews.

• Provide guidance and expertise to junior staff on experience study methodology, project planning, and implementation.

• Build strong relationships with key areas (Underwriting, Reinsurance, etc.) to appropriately set assumptions that can be successfully implemented. Oversee assumption governance process and understand downstream impacts to pricing, valuation, reinsurance, modeling, etc.

• Leverage industry knowledge, research reports, and surveys to enhance the quality of the team's analysis and recommendations.

The experience you bring:

• Bachelor's in actuarial science, computer science, finance, mathematics or related field.

• FSA designation.

• Advanced skills in Excel, PowerPoint, R, Tableau and database tools like Snowflake.

• Demonstrated experience setting assumptions and working within a governance control cycle.

• Ability to work independently and collaboratively as part of a team, and to manage long-term projects.

What makes you stand out:

• Excellent project planning skills covering timelines, milestones, and dependencies.

• Superior attention to detail when performing analysis, technical reviews, documenting results.

• Experience with Annuity and Life products.

• Ability to present on recommendations and observations to a senior stakeholders, technical peers, and junior actuaries.

• Experience in database management and dashboard development.

• Curiosity and enthusiasm for mortality research.

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.

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.