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Pacific Life is hiring an

Actuary - Portfolio Risk Management

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 Associate Actuary to join our Portfolio Risk Management team in Newport Beach, CA. This role can be on-site or hybrid. You'll work at our state-of-the-art Newport Beach headquarters.

As an Associate Actuary, you'll move Pacific Life, and your career, forward by contributing valuable risk management insights that impact business strategy. You will fill a new role that sits on the Portfolio Risk team but collaborates with business partners and engages senior leaders across the enterprise. This role provides an opportunity to develop an in-depth understanding of key risk metrics that the Company manages to as well as key drivers that impact the Company's risk profile.

How you'll help move us forward:

  • Be a key contributor in the Company's aggregate risk reporting function, providing thoughtful and well-articulated explanation of changes in the Company's risk profile under multiple lenses (e.g., regulatory capital, economic capital, earnings, liquidity).
  • Play a leading role in the implementation of updates to stress testing methodology and reporting capabilities in alignment with principles established in the Company's risk appetite framework.
  • Contribute to the design and review of innovative solutions to advance analysis and projection capabilities used to manage and monitor the Company's risk profile.
  • Partner with finance, risk, and actuarial teams across the enterprise on cross-functional projects and ad hoc initiatives.
  • Collaborate effectively and maintain strong engagement within the risk management team and with business partners across the organization.

The experience you bring:

  • FSA with 6+ years of actuarial experience within the life insurance and annuities industry.
  • Bachelor's degree in actuarial science, finance, mathematics, or related field.
  • Prior experience in risk management, capital management, asset liability management, or valuation.
  • Prior experience working with multiple types of life insurance, annuity, or reinsurance products.
  • Familiar with concepts across regulatory, accounting, and economic frameworks.

What makes you stand out:

  • Strong teamwork, relationship, and interpersonal skills.
  • Anticipates questions and applies quantitative, analytical, and problem-solving skills with innate curiosity and attention to detail.
  • Effective verbal and written communication skills; adapts communication style to explain technical and complex concepts with appropriate level of detail for intended audience.
  • Highly organized with strong time management skills and ability to adapt as new business needs arise.
  • Ability to dive deep into complex topics without losing sight of broad objectives.

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.

Benefits start Day 1:

  • Prioritization of your health and well-being including Medical, Dental, Vision, and a 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.

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. $159,660.00 - $195,140.00

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.

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