Director & Actuary - Product Analytics

Company: Pacific Life
Location: Newport Beach
Posted on: October 13, 2020

Job Description:

Job Description Pacific Life is looking to invest in bright, agile new talent to ensure we continue to innovate and strengthen relationships with our policyholders. It's in this spirit that we are currently looking to add a credentialed Director & Actuary to join our Corporate Division. As an actuary on the Insurance Risk and R&D team within the Corporate division, you will play a key role in Pacific Life's growth and long-term success. This role is responsible for implementing and improving the product oversight across the enterprise; and to collaborate with divisional and corporate product analytics teams in advancing the effective uses of digital and data analytics techniques in product design, pricing and product management. *Location is flexible to include Newport Beach, CA or remote work. *While our team aims to hire at the Director level, candidates who meet most but not all requirements are encouraged to apply. Actual job title will be based on experience and skillset. Despite the COVID pandemic, Pacific Life has remained safe, stable and productive, thanks to our embracing of digital processes and commitment to a people-first culture. Our agile approach has aided us in successfully shifting our recruiting and onboarding activities toward a safe work-from-home environment. This is unchartered territory for all of us, so please let us know if you have any questions about the recruiting process or about our response to COVID. What You'll Do * Successfully implement the new product risk management (PRM) approach, including resolving technical and operational challenges with practical solutions. Maintain and evolve PRM to ensure consistency with overall ERM objectives and support the growth and changing businesses of PL. * Support the research and analytics in developing high-risk centrally owned insurance assumptions, including both the best estimates and tail stresses for mortality, longevity, policyholder behaviors, expenses and their interactions with market risks. * Support second-line effective challenge and oversight of high-risk assumptions, methodologies, large transactions and new product/features. Apply appropriate analyses, including predictive analytics, to enhance division and corporate assumption setting and product development processes. Participate in industry and regulatory working groups as needed. * Collaborate with product analytics teams across the enterprise to support best practices. We're not simply looking for actuaries. Our teams search for professionals with intellectual horsepower who can build relationships outside of their team and bring fresh new ways of thinking to our collaborations. If you're a creative, mission-driven self-starter who's comfortable with ambiguity, and who thrives in a fast-paced, collaborative environment, you're a perfect fit for our team. Factors for Success * Fellow of the Society of Actuaries or similar organization OR advanced degrees in quantitative fields such as statistics is required. * At least 8 years of responsible experiences in product development OR hands-on use of predictive analytics in assumption development preferred * Demonstrated expertise in foundational data science application, including refining problem statement, data exploration, feature selection, model building and validation, practical recommendation and effective story telling. * Strong programming skills in statistical learning languages such as R, Python, SAS, etc. and/or sophisticated use and deep understanding of out-of-the-box tools such as Alteryx, Tableau, etc. are preferred * Manages ambiguity, exhibits courage, can work effectively with and influence different levels of the organization and across business lines A career at Pacific Life is more than a job. You'll find those who work passionately each day to drive our company forward enjoy job security, flexible scheduling and great opportunities for career growth. If you're seeking a thriving career doing the type of meaningful work that's all too rare at a Fortune 200 Company, you're the perfect cultural fit for our team. See how we harness the Power of Pacific to fulfill our shared purpose - apply for one of our positions and grow your career with Pacific Life today! #LI-AI1Pacific Life is fully committed to supporting our team with a safe and healthy work environment. During these challenging times, we're using digital technology and remote work options to ensure every employee is empowered to contribute to their full potential while growing their careers at Pacific Life. Pacific Life is a growth-oriented company with a strong and competitive position within the life insurance, retirement savings, and reinsurance markets. It holds top 15 market positions in almost all of its key products and has a diverse product portfolio serving the key markets of the highly affluent, broad market, small and mid-size businesses, and the institutional space. It has a global presence through its reinsurance business, with key markets in the

Keywords: Pacific Life, Newport Beach , Director & Actuary - Product Analytics, Other , Newport Beach, California