Actuary and Director Modeling - Modeling Projects and Automation

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 Actuary and Director Modeling - Modeling Projects and Automation to join our Enterprise Modeling Team in Newport Beach, CA or Omaha, NE.  This role can be on-site or hybrid.  Candidates open to relocating to Newport or Omaha are encouraged to apply.

Job Overview:

The Actuary and Director Modeling - Modeling Projects and Automation is a key leader within the Modeling Projects team focused on large-scale modeling projects and production process automation. This role has overall accountability for model development of actuarial models using Prophet software, ensuring that models are trustworthy, scalable, and successfully implemented into efficient production operations. You will join a team of 6 on the Modeling Projects team within the Enterprise Modeling organization and will work closely with the Inforce Model Development team, the Model Steward team, IT Platforms / Data, valuation, pricing, and model users across the organization supporting all PL product lines. 

Candidates who meet most but not all the requirements are encouraged to apply. Actual job offer and title will be based on level of experience and skillset. 

How you will make an impact: 

• Automation, Process Architect, and Actuarial Solution Design: Strategic design lead on end-to-end actuarial production process, including technical design, optimization, and innovation of models, development processes, and production architecture. Design the architecture of production model integration with upstream and downstream data and IT processes, both within the Prophet Suite of applications as well as with external actuarial systems and processes. 

• Scalability and Performance Optimization: Lead efforts to optimize actuarial models and processes for scalability and performance, ensuring they can handle large-scale data and complex calculations efficiently. 

• Advanced Automation Techniques: Implement advanced automation techniques, including machine learning, AI-driven automation, to enhance actuarial model development and production processes. 

• Project Management: Oversee the planning, execution, and delivery of modeling projects, ensuring alignment with organizational objectives. 

• Model Design and Development: Implement new product lines, major regulatory changes, and new use cases into models leveraging best practices and consistent, scalable approaches. 

• Modeling Team Leadership: Lead development and peer review changes made by other developers and act as an internal Prophet expert for your colleagues. 

• Cross-Functional Collaboration: Work with various departments (Data/IT, Actuarial, Finance) to ensure projects are integrated smoothly across the organization. 

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

• Model Testing and Validation: Ensure all models developed as part of projects are thoroughly tested and validated before deployment. 

• Governance and Compliance: Ensure model governance standards set by the Model Steward are followed. 

• Documentation: Maintain detailed documentation of all project-related activities, including model development, testing, and implementation processes. 

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

The experience you will bring: 

• Proven execution and implementation of end-to-end production processes.

• Demonstrated leadership, communication and interpersonal skills.  

• Strong modeling / actuarial platform skills, including FIS knowledge, including: 

  • Familiarity with all components within FIS Insurance Risk Suite (i.e., FR, AM, PRD, PE, PP).

  • Advanced knowledge of Prophet libraries (e.g., US L&A 360 Library, US GAAP Cohort & Disclosures 360 Libraries, ALS, Health Library). 

  • Ideally existing working relationships with FIS Insurance Risk teams and individuals.  

• 10+ years of experience in actuarial modeling, with a focus on Prophet software implementation. 

• FSA preferred or more experience in the relevant field; CERA (a plus).  

• Bachelor's degree in actuarial science, mathematics, statistics, finance, engineering, computer science or another quantitative related field is preferred. 

• Exceptional organizational, quantitative, analytical, and problem-solving skills. 

• Ability to drive tight deadlines with thoughtful planning and effective execution. 

What will make you stand out: 

• Experience working with Azure DevOps, JIRA, Azure pipelines, Git, Snowflake, and AWS.    

• Familiarity with Python, R, MATLAB, Tableau, SQL, Essbase, Neural Net models and cloud computing a plus. 

• Modeling experience with Life (Term, UL, VUL, IUL, etc..), Annuity (VA, RILA, FA, FIA, ID, etc..), and Workforce Benefits (Vision, Dental, Group Life, etc..) products.    

• Knowledge of predictive analytics. 

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.

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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.

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.