Modeling Actuary

Company: Pacific Life
Location: Aliso Viejo
Posted on: May 15, 2020

Job Description:

Job DescriptionPacific 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 modeling actuary to the Life Division in Aliso Viejo, CA. As an actuary on the modeling team, you will play a key role in Pacific Life's growth and long-term success by supporting various modeling projects within the Life Finance department, primarily focused on modeling capabilities and digital transformation initiative. While our team aims to hire at the Assistant Actuary level, candidates who meet most but not all requirements are encouraged to apply. Actual job title will be based on experience and skillset. What You'll Do * Participate in some of the following modeling projects: * Financial Plan: Perform model runs and analyze profitability for assigned products & lines of business. Compare trends between Plan and Actual. Complete Key Business Driver to assist management in explaining our financial results. * Cashflow Testing: Perform model runs and attribution analysis. Analyze results to help management in managing portfolios performance and making strategic decisions. * ALM: Analyze cashflow trend for duration & profitability trend for ALM metric * Economic Capital: Perform model runs and cashflow analysis * GAAP: Implement and quantify impacts of assumption changes & model revisions. * Illustration Actuary: Run models and work with illustration actuary to help management make informed decisions in designing and maintaining compliant products * Assets and Scenarios Creation: Use our existing tool to convert assets and scenarios into our model format. * Records Creation: Create liability data files and maintain data integrity * Special Projects: Support management with ad hoc projects to aid in strategic decision making. * Support Model Enhancements: Implement new products and features into Production model. * Recommend areas of potential improvements and implement solutions * Communicate and present results to management with clarity and appropriate depth * Collaborate and maintain effective communication with key stakeholders 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 * Bachelor's degree in Mathematics, Actuarial Science, or related degree * Associate of the Society of Actuaries (ASA) with 4+years of experience * Experience with actuarial modeling, valuation and financial reporting * Experience with data analytic software is a plus * Strong quantitative, analytical and problem-solving skills * Excellent organizational, interpersonal and communication skills 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 500 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-AI1 At Pacific Life, we know we're better when you can be your whole self - both in and out of the office. That's why we also allow employees to build flexibility into their work schedules, provided they consistently achieve their goals and provide demonstrable value for our policyholders. In addition to the value we provide for our employees and policyholders, we are also renowned for our philanthropic work, having donated over $109M to nonprofits over the past 33 years. All this considered, it's no wonder we were named one of America's Best Mid-Size Employers by Forbes in 2019. Simply put, if you want to find fulfillment in both your career and your life, join our team at Pacific Life, where power meets purpose.For more than 150 years, Pacific Life has offered our clients innovative products and services that help them to reach their financial goals and safeguard their futures. To ensure our next 150 years are as prosperous as our first 150, we're fostering a culture of shared values across our company by providing generous compensation and comprehensive benefits that allow our employees to find fulfillment and security in personal life and career alike. These include: * Competitive salary and bonus program * Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees * Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid) * Generous vacation

Keywords: Pacific Life, Aliso Viejo , Modeling Actuary, Accounting, Auditing , Aliso Viejo, California