Pacific Life · 4 hours ago
Senior Actuary (FSA) - Fixed Annuity Projections
Newport Beach, CA
Full-time
Hybrid
Senior Level
$168K/yr - $204K/yr
6+ years expPacific Life is a company dedicated to providing for its policyholders and transforming the industry through collaboration and innovation. They are seeking a Senior Actuary (FSA) to lead and execute actuarial projections for fixed annuities, ensuring compliance with regulatory requirements and enhancing model efficiency.
FinanceFinancial ServicesInsurance
Responsibilities
Support the timely and accurate preparation of the Actuarial Opinion and Memorandum on Asset Adequacy Testing, C3 Phase I scenario testing, economic reporting and all other projection reporting in accordance with regulatory, or internally defined, requirements as applicable
Lead and develop the consolidation of the operating model between both the individual and group fixed annuities projection processes
Consolidate and eliminate redundancy across shared tasks including but not limited to data aggregation, attribution analysis, memorandum, dashboard and presentation material
Become a subject matter expert in regard to the fixed annuities actuarial projection models including their pre and post processing workflow
Develop and translate model enhancements into business requirements through analysis as well as perform testing and validation of those enhancements
Maintain proper controls and processes consistent with Model Risk Management (MRM) guidance
Produce and/or help review reports/analytics supporting actuarial projection exercises and take initiative to streamline those reporting processes
Collaborate with colleagues across the function and beyond; interact closely with team leaders and senior management, build strong relationships and seek out to provide actuarial interpretation and expertise to others
Communicate effectively with various audiences of diverse educational backgrounds ranging from new hires to actuarial and non-actuarial senior management
Maintains awareness of new product activities and regulatory changes and support their implementation
Develop tools to enhance model efficiency and analytics in relation to inputs, computation and outputs
Qualification
Required
FSA with 6+ years of related actuarial experience
Bachelor's degree
Experience with asset and liability projections
Strong stakeholder management and interpersonal skills
Excellent quantitative, analytical and problem-solving skills
Innate curiosity and attention to detail
Ability to translate technical concepts to non-technical audiences effectively in both verbal and written communication
Preferred
Background in statutory reserving and a familiarity with principles related to market consistent embedded value
Technical proficiency in the actuarial modeling software Prophet, Snowflake/SQL as a database solution, visualization tools such as Tableau or Power BI and automation software such as Python, VBA or R
Prior experience in actuarial valuation and/or projections for both fixed deferred annuities (e.g. Fixed Indexed Annuities, Multi-year Guaranteed Annuities, etc.) and fixed payout annuities (e.g. Single Premium Immediate Annuities, Deferred Income Annuities, Structured Settlements, Pension Risk Transfer, etc.)
Benefits
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
Company
Pacific Life
Pacific Life Insurance is an insurance company that provides life insurance products, annuities, and mutual funds.
1001-5000 employees
H1B Sponsorship
Pacific Life has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (14)
2024 (9)
2023 (16)
2022 (19)
2021 (14)
2020 (17)
Funding
Current Stage
Late StageTotal Funding
$1.44B2025-09-03Debt Financing· $750M
2025-06-18Debt Financing· $688.57M
Leadership Team
Howard Hirakawa
Senior Vice President, Fund Advisor Operations
Joe Krum
Senior Vice President & Managing Director, Global Institutional Investment Group
Recent News
Private Capital Journal
2025-12-05
Company data provided by crunchbase