Pacific Life Job - 29568604 | CareerArc
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Company: Pacific Life
Location: Aliso Viejo, CA
Career Level: Entry Level
Industries: Banking, Insurance, Financial Services

Description

Currently, we are seeking a talented Actuary to join the Life Insurance Division in Aliso Viejo, CA
The Life Insurance Division works with financial and insurance professionals to give families and businesses the life insurance coverage needed to help meet important financial protection, wealth accumulation, and wealth preservation goals.

Target level is for an Associate Actuary with flexibility to consider candidates at other levels. Candidates who meet most but not all of the requirements are encouraged to apply. Actual job offer and title will be based on level of experience

POSITION SUMMARY

  • Contribute to the Principle-Based Reserve (PBR) implementation efforts in the Life Division, including participating in industry activities
  • Assist in reviewing asset adequacy analysis and preparing annual actuarial memorandums and other actuarial reports for regulatory purposes under the direction of the Qualified Actuary
  • Perform analysis needed to determine appropriate actuarial assumptions for PBR calculations
  • Ensure PBR processes comply with both internal and regulatory governance standards
  • Validate PBR results used for statutory reporting
  • Enhance, develop, and maintain documentation on PBR calculation and reporting
  • Maintain and enhance the process for reporting and validating PBR reserves
  • Assist with ad-hoc projects and requests supporting the Valuation area as needed

FACTORS FOR SUCCESS
  • Bachelor's degree in actuarial science, mathematics, finance, economics, or related field
  • Fellow of the Society of Actuaries preferred
  • In-depth knowledge of actuarial principles involved in life insurance products and their valuation
  • Knowledge of current statutory and tax formula reserve requirements as well as some exposure to developing future PBR requirements
  • Ability to work with a wide variety of other departments, functions and levels within the company
  • Strong analytical, interpersonal, and communication skills (both verbal and written)
  • Effective time management and multi-tasking skills
  • Experience with R, Python, or other data analytics tools is a plus


Benefits

Join the Pacific Life team and watch your career grow! We offer a competitive compensation and benefits package that includes: • Competitive salary and bonus program • Medical, dental, and vision as part our commitment in investing in the health and wellbeing of our employees • Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid) • Generous vacation time and holiday pay • And much more!


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