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Director & Actuary - Experience Studies

Company: Pacific Life
Location: Newport Beach
Posted on: June 6, 2024

Job Description:

Job DescriptionJob 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 & Actuary to join our Life & Annuities Experience Studies team in Newport Beach, CA; Omaha, NE, or Lynchburg, VA. This role can be on-site, on a hybrid schedule, or 100% remote for the right candidate (depending on location).

As a Director, you'll play a key role in Pacific Life's growth and long-term success by leading a team of actuaries as well as enhancing our predictive analytics capabilities throughout the product life cycle. You will be directly managing a small number of individuals on the Experience Studies team within the Consumer Markets Division (CMD) Finance, Risk & Actuarial department.

How you'll help move us forward:

  • Lead the development and execution of life & annuity mortality experience studies. Perform a holistic review of mortality and provide subject matter knowledge across different types of markets.
  • Provide expertise in developing mortality tables while considering modeling capabilities, underwriting frameworks, and potential downstream impacts. Strive for a harmonious balance between addressing business complexities and simplifying the implementation process.
  • Prioritize modernization efforts by integrating emerging tools and analysis techniques such as predictive analytics, artificial intelligence, and machine learning into the development of experience studies.
  • Build strong relationships with key areas (Underwriting, Reinsurance, etc.) to appropriately set assumptions that can be successfully implemented. Oversee assumption governance process and understand downstream impacts to pricing, valuation, reinsurance, modeling, etc.
  • Implement control best practices on mortality experience studies. Ensure proper documentation of methodologies, assumptions, code, and results to support transparency and reproducibility.
  • Create Tableau dashboards at the right granularity to report key insights and emerging trends to senior management. Implement process improvements, automation, and efficiencies where applicable.
  • Work with external consultants to gather external industry data in order to validate assumptions and benchmark against competitors.
  • Provide leadership, guidance, and effective coaching to help develop a team of actuaries.
  • Foster collaboration, manage expectations, and effectively communicate project updates, milestones, and risks.The experience you will bring:
    • Has an FSA designation.
    • Excellent written/verbal communication and leadership skills. Ability to present complex information in a clear and concise manner to various audiences, including senior management.
    • Strong organizational, time management, and interpersonal skills.
    • Ability to work collaboratively as part of a team.What will make you stand out:
      • Previous management experience with a small team.
      • 10+ years of experience with a heavy focus on mortality (building base tables).
      • Working knowledge of life & annuity insurance products along with experience studies.
      • Experience working with large data sets and data visualization software (e.g. Tableau, Alteryx).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.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.#LI-MT1#LI-RemoteBase 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.$193,950.00 - $237,050.00Your 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 participationEEO 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.

Keywords: Pacific Life, Newport Beach , Director & Actuary - Experience Studies, Executive , Newport Beach, California

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