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 to join our Enterprise Capital Management team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
As a Senior Actuary, you’ll move Pacific Life, and your career, forward by advancing the company’s capital stress testing analytics capabilities, supporting the assessment of capital adequacy across a range of adverse scenarios. You will work across functions to enhance methodologies, deliver actionable insights, and support key internal and external stakeholders, including senior management and the Board.
How you’ll help move us forward:
Lead the execution of quarterly capital stress testing process and provide thoughtful explanation of changes in the Company's risk profile under multiple capital lenses (e.g. US RBC, Bermuda, Economic)
Implement updates to stress testing methodology and reporting capabilities in alignment with principle established in the Company's risk appetite framework
Maintain and enhance robust, transparent, and repeatable stress testing processes, aligned with capital management and reporting practices
Support the capital planning component of the annual strategic plan, including solvency ratio and excess capital projection and associated analytics
Partner with finance, risk, and actuarial teams across the enterprise on cross-functional projects and ad-hoc capital initiatives
The experience you bring:
Bachelor’s degree in actuarial science, finance, mathematics, or a related field
FSA with 6+ years of actuarial experience within the life insurance and annuities industry
Strong analytical and problem-solving skills with attention to detail and intellectual rigor
Effective communicator with the ability to build relationships and collaborate across teams
Hands-on experience in capital planning, reporting, and analysis within a life insurance context
Familiarity with regulatory and economic capital frameworks and management reporting
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.
