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 Director to join our Inforce Modeling team within the Enterprise Actuarial Modeling function. This role can be on-site, hybrid, or 100% remote.
As a SME of Prophet Modeling, you’ll move Pacific Life, and your career, forward by leading Prophet model development for Annuity products, with a focus on fixed annuity and institutional products. You will lead a team of 3 actuarial professionals, with the ability to be located fully remote. If you'd like to be based in one of our office locations, relocation assistance is available. You will collaborate with Pricing, Valuation, ALM, Hedging and IT infrastructure teams to provide innovative modeling and reporting capabilities. You will fill an existing role that sits on a team of ten people in the Enterprise Modeling division. Your colleagues will include software and data engineers, data scientists and fellow actuarial professionals.
How you’ll help move us forward:
Lead model development and be the modeling Subject Matter Expert for Immediate and Deferred Annuity products (FIA, FA, IA) as well as institutional products (Stable Value, PRT, HSA, FABN, DCLI)
Perform model development and testing/debugging of Prophet models, peer review changes made by other team members and act as an internal Prophet expert for your colleagues
Proactively evaluate and recommend modeling strategies and potential approaches to find solutions that best address business needs
Lead model development initiatives that improve and expand existing models
Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes
Provide training to model users to ease learning curve and further develop training materials, tools and templates based on the model risk management policy and standards
As the model liaison, educate model users on new model features developed and support related production implementation efforts through model deployment
Provide guidance and expertise to junior staff on methodology, model implementation, and testing/debugging to support modeling initiatives
Support and comply with all Model Risk Management initiatives, documentation, and standards.
The experience you bring:
8+ years’ actuarial experience, with in-depth product knowledge, as well as in modeling/programming/data science
Bachelors in actuarial science, computer science, finance, mathematics, or related field
Excited to work in a role that involves heavy use of Prophet in context of pricing, valuation, projections, Hedging and ALM modeling
Proven ability to lead and develop high-performing teams, fostering collaboration and accountability to achieve organizational goals
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 makes you stand out:
Advanced knowledge and experience in Prophet
Experience with Annuity (VA, RILA, FA, FIA, etc.) products
Experience with Institutional (Stable Value, PRT, HSA, FABN, DCLI) products
Experience with ALM/Hedging
ASA/FSA/CFA designation
Excellent communication skills
Experience coding in Python, Visual Basic, and SQL
Experience working with Azure DevOps, JIRA, pipelines, and AWS
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 www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
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.
$198,810.00 - $242,990.00Your 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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