Associate Actuary - Portfolio Risk Management

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 Associate Actuary to join our Portfolio Risk Management team in Newport Beach, CA. This role can be on-site or hybrid.

You’ll work at our state-of-the-art Newport Beach headquarters.

As an Associate Actuary, you’ll move Pacific Life, and your career, forward by contributing valuable risk management insights that impact business strategy.

You will fill a new role that sits on the Portfolio Risk team but collaborates with business partners and engages senior leaders across the enterprise.

This role provides an opportunity to develop an in-depth understanding of key risk metrics that the Company manages to as well as key drivers that impact the Company’s risk profile.

How you’ll help move us forward :

Be a key contributor in the Company’s aggregate risk reporting function, providing thoughtful and well-articulated explanation of changes in the Company’s risk profile under multiple lenses (e.

g., regulatory capital, economic capital, earnings, liquidity).

Play a leading role in the implementation of updates to stress testing methodology and reporting capabilities in alignment with principles established in the Company’s risk appetite framework.

Contribute to the design and review of innovative solutions to advance analysis and projection capabilities used to manage and monitor the Company’s risk profile.

Partner with finance, risk, and actuarial teams across the enterprise on cross-functional projects and ad hoc initiatives.

Collaborate effectively and maintain strong engagement within the risk management team and with business partners across the organization.

The experience you bring :

FSA with 6+ years of actuarial experience within the life insurance and annuities industry.

Bachelor’s degree in actuarial science, finance, mathematics, or related field.

Prior experience in risk management, capital management, asset liability management, or valuation.

Prior experience working with multiple types of life insurance, annuity, or reinsurance products.

Familiar with concepts across regulatory, accounting, and economic frameworks.

What makes you stand out :

Strong teamwork, relationship, and interpersonal skills.

Anticipates questions and applies quantitative, analytical, and problem-solving skills with innate curiosity and attention to detail.

Effective verbal and written communication skills; adapts communication style to explain technical and complex concepts with appropriate level of detail for intended audience.

Highly organized with strong time management skills and ability to adapt as new business needs arise.

Ability to dive deep into complex topics without losing sight of broad objectives.

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 .

What’s life like at Pacific Life? Visit Instagram.com / lifeatpacificlife.

Benefits start Day 1.

Your wellbeing is important. We’re committed to providing 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 a 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.

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.

$159,660.00 - $195,140.00

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.