Senior Actuary, Enterprise Valuation
Job Description
As a Senior Actuary, you’ll play a key role in Pacific Life’s growth and long-term success by performing quarter-end calculations of balances within a GAAP accounting framework for the life insurance business. While joining the GAAP Valuation team, you’ll collaborate across various business areas to provide effective insights and communication of GAAP net income impacts to key stakeholders. You will fill an existing role that sits on a team of five people on the GAAP Valuation team. Your colleagues will include fellow actuaries and valuation professionals.
How you'll help move us forward:
Responsibilities including, but not limited to:
Support the GAAP Director in managing the quarter-end deliverables through effective tracking, delegation of tasks and resolution of issues through Azure Dev Ops project management tool.
Leading & directing efforts to resolve issues with valuation runs.
Perform quarterly calculations of GAAP balances for life insurance products (LFPB, DPL, DAC & URR, SOP 03-1, PFBL, PHAB, FAS133 reserves).
Developing new solutions to ad-hoc/sensitivity analyses requested from other functional areas including reinsurance, plan, product design/pricing, etc.
Serve as a subject matter expert on GAAP and how GAAP balances for life insurance products are impacted by changes in economic or business conditions.
Perform analysis to educate senior management and other stakeholders of GAAP impacts and expectations.
Foster the development of team members by seeking out opportunities for and providing coaching & training to other team members and engaging in regular review & feedback on team members’ work product.
Ensure the ongoing compliance of GAAP processes with both internal and regulatory governance standards by performing testing on the valuation model and developing documentation consistent with internal MRM requirements.
Identify and pursue opportunities to improve the current state and capabilities of GAAP metrics, analytics & insights for life insurance products
Provide support as needed for industry-wide GAAP working group projects.
Assist with ad-hoc projects and requests supporting the Valuation area as needed.
Tech & tools you'll use:
FIS Prophet, Alteryx, R, Tableau, Snowflake, MS Office, Copilot
The experience you'll bring:
6+ years actuarial experience, with some background in a valuation function.
Bachelor’s degree in actuarial science, mathematics, finance, economics, data science or related field.
Fellow of the Society of Actuaries (FSA).
Significant experience with actuarial modeling systems(i.e., Prophet).
Familiarity with US GAAP reporting & requirements, particularly.
Strong analytical, interpersonal, and communication skills (both verbal and written).
Effective time management and multi-tasking skills.
What will make you stand out:
Experience with and understanding of the mechanics of life insurance products.
Effective and clear communication of results across various stakeholders, including senior management level audiences.
Experience with data analytic and visualization tools, such as Alteryx, R and/or Tableau.
Experience with data management tools, such as Snowflake.
Working For Pacific Life Re
Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.
Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Leave
Healthcare
Savings & Retirement
Wellness
Employee and Family Assistance Program
Subsidized gym membership
Time off for volunteering
Charitable matching of employee donations
As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
Pacific Life Re Values
