Actuary & Director - Model Risk page is loaded
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. Its a big ask, but its 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 its the right thing to do. Pacific Life is more than a job, its a career with purpose. Its a career where you have the support, balance, and resources to make a positive impact on the future including your own.
We are actively seeking a talented Actuary & Director to join our Model Risk Management team in Newport Beach, CA.
This role is hybrid. We believe in empowering our employees to get work done both in and out of the office. Applicants open to relocating to Newport Beach, CA are encouraged to apply.
As an Actuary & Director youll move Pacific Life, and your career, forward by leading model risk oversight for Economic models, and support Life and Annuity model risk oversight across Financial Reporting, Product Development, and Forecasting. In this dynamic role, youll collaborate across the Enterprise to ensure models are fit for purpose, compliant with standards, and align to the companys risk appetite. Youll partner with business teams, model developers, and senior leaders to assess assumptions, identify risks, and provide actionable recommendations that strengthen model performance and reliability.
Lead comprehensive reviews of Economic, Life, and Annuity models and clearly present findings to owners, senior leaders, and risk committees.
Support the reviews of advanced analytic models (predictive, machine learning, AI).
Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.
Guide on efficient modeling techniques and robust governance practices, to bolster model risk management.
Collaborate with cross-domain subject experts to understand and impact the business more holistically, and contribute to the evolution of the MRM Framework.
Stay current on emerging practice, modeling techniques and software.
The experience you bring:
8+ years of actuarial experience with an FSA designation.
Experience in Life and Annuity products, in areas of economic modeling, financial reporting, forecasting, pricing, and/or actuarial modeling.
Ability to influence and challenge both senior leaders and technical teams effectively.
Ability to build validation / replication / challenger tools.
Bachelor's degree in actuarial science, mathematics, computer science or a related quantitative field.
What makes you stand out:
Experience in validating models.
Experience working in Prophet.
Experience in advanced analytic modeling.
Familiarity with C#, Python, Visual Basic, SQL or related programming languages.
You can be who you are.
#LI-Hybrid
Base Pay Range:
The base pay range noted represents the companys 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.
$198,810.00 - $242,990.00 Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and were 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, weve 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.
At Pacific Life, we believe that success comes down to our people. Thats why were committed to embracing a flexible, diverse, and inclusive workplace where you can be your best self and do your best work. Our people-first culture creates a sense of belonging and prioritizes employee wellbeing, empowering you to achieve your full potential through our holistic health benefits, flexible working options, and a vibrant community of people working towards a shared purpose. You can connect with colleagues through employee connections groups, sharing your passions, interests, and ideas. Learn more about our Life at Pacific Life .
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