Associate Actuary - Actuarial Model Developer

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Job description

Job Description

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 Associate Actuary to join our Enterprise Prophet Modeling Team. This role can be on-site, hybrid, or 100% remote.

As an Associate Actuary, you ll play a key role in Pacific Life s growth and long-terms success by working on the team that is accountable for implementing actuarial modeling changes, model defect resolutions, development testing and model maintenance for multiple business areas and model use cases. You ll sit on a team with the Model Development lead and Model SME s and work closely with the Model Steward team, data/IT, valuation, pricing and model user teams across the organization working on both Life and Annuity model changes, and potential involvement with the RILA model build.

How you ll help move us forward:

• Ensure that models are accurate, reliable, meet business requirements and utilize modeling best practice approaches.

• Perform model development and testing/debugging of Prophet models, and peer review changes made by other team members.

• Act as an internal Prophet expert for your colleagues.

• Collaborate with cross-functional project team of developers, data/IT, and business stakeholders.

• Communicate effectively with senior management and stakeholders regarding actuarial modeling results and insights.

• Keep abreast of industry trends, regulations, and best practices in actuarial modeling and incorporate them into the implementation process.

• Support and comply with all Model Risk Management initiatives, documentation and standards.

The experience you will bring:

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

• 6+ years of actuarial experience.

• FSA Designation.

• 4 + years experience with model development in Prophet including:

  • Familiarity with all components within FIS Insurance Risk Suite (PRD, DCS, PE, PP).

  • Advanced knowledge of Prophet libraries (e.g., US 360, ALS, Life and Health libraries).

• Experience coding in Python, Visual Basic, and SQL.

• Self-starter with ability to develop solutions by collaborating with multiple business partners.

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

• Detail-oriented with excellent organizational, communication, and interpersonal skills.

• Excellent analytical, problem-solving, and decision-making skills.

What will make you stand out:

• Experience working with Azure DevOps, pipelines and AWS.

• Advanced knowledge and experience in Prophet, especially experience with asset and ALM modeling in Prophet.

• Advanced Reserving knowledge for Life, Annuities (FIA, RILA, and VM-21).

• Experience with ALM/Hedging.

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

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.

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