Senior Actuary (FSA) - Fixed Annuity Valuation

Job Description:

Enterprise Valuation is seeking an experienced Senior Actuary to support Fixed Annuity Valuation, with primary responsibility for BMA (Bermuda Monetary Authority) reporting. This role will own key valuation and financial reporting activities, analyze and communicate financial results, drive valuation and process enhancements, and provide actuarial expertise across strategic initiatives and cross-functional projects.

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.

Responsibilities

- Own the quarterly and annual valuation and financial reporting for fixed annuity products under BMA regime, ensuring timely and accurate delivery of results.
- Perform in-depth analysis of valuation results, including attribution analysis, financial drivers, and quarter-over-quarter movements, and communicate key findings to management and stakeholders.
- Coordinate and prepare responses to requests from auditors, regulators, rating agencies, and other stakeholders, providing appropriate actuarial analysis and supporting documentation.
- Identify and implement process and analytical enhancements, including opportunities to automate processes, strengthen controls, and improve the understanding of valuation results.
- Support and coordinate Model Risk Management (MRM) initiatives, including model documentation, peer reviews, model governance requirements, and adherence to best-practice guidelines.
- Lead the testing and validation of model enhancements and modifications, including analysis of financial impacts and confirmation that appropriate controls and processes are maintained in alignment with MRM and ICFR guidance.
- Develop and maintain valuation databases, analytical tools, and reporting capabilities to support financial analysis, management reporting, and ad hoc requests
- Provide technical guidance and peer review to other actuarial team members and contribute to the development of actuarial talent and best practices within the team.
- Perform ad hoc analyses and contribute to special projects and strategic initiatives as needed.

Factors for success

- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related field.
- FSA designation with 4+ years of relevant actuarial experience.
- Strong analytical, problem-solving, and communication skills.
- Demonstrated initiative, ownership, and ability to manage multiple priorities.
- Strong technical skills with experience in actuarial valuation and financial reporting.
- Ability to analyze complex results and communicate key insights to management and stakeholders.
- Strong collaboration skills and ability to work effectively across functions.
- Experience with Prophet is a plus.

Base salary ranges (location specific):

- Newport Beach, CA: $167,670 - 204,236
- Omaha, NE: $144,810 - $176,990
- Charlotte, NC: $152,370 - 186,230

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.