Actuary, Director – Enterprise Assumption Review

Role Overview

• Drive Pacific Life, and your career forward by collaborating across the enterprise to review actuarial assumptions, partner with first-line developers and key stakeholders (including Risk, Pricing, and Valuation), develop challenger models, and strengthen controls and governance.
• Act as the lead or supporting reviewer of enterprise biometric (or policyholder behavior) assumptions, spanning multiple product lines and geographic markets world-wide, reinforcing the first line of defense.
• Identify and highlight areas of inconsistencies for assumption developers.
• Recognize business implications and ensure that assumptions are well rounded and holistic.
• Maintain comprehensive enterprise-wide guidance and champion best practices for assumption monitoring, experience studies and assumption development.
• Collaborate with stakeholders in the first-line development and actuarial communities, and second-line risk pillars.
• Deliver and support comprehensive peer review reports, detailing effective challenges to the suitability of data selection, analytical methodologies, actuarial judgment, and verifying the analysis.
• Engage in projects aimed at streamlining assumption governance, enhancing efficiency and consistency in processes.
• Support on assumption development tracking, creating a regulated process around assumption impacts, and creating PowerPoint slides for assumption updates and approvals.
• Build strong relationships with key stakeholders to enhance assumption monitoring, development, and deployment across various different purposes.
• Support and influence the development and future path of the assumption governance framework.

Requirements

• 7 + years of actuarial experience with an FSA or equivalent designation
• Expertise in assumption setting and experience study methodologies, industry best practices, and statistical analysis
• Excited to work in a role that involves predictive modeling, machine learning, and AI
• Exhibit courage in identifying and addressing potential issues, providing effective challenge, and asking probing questions
• Excellent analytical, problem-solving, and decision-making skills
• Ability to present complex information in a clear and concise manner to various audiences, including senior management
• Bachelor's degree in actuarial science, mathematics, finance, computer science or related field or equivalent work experience
• Experience with R and Python
• Experience working across different lines of business and products
• Experience with Embedded Value and international reserving practices
• Clear understanding of assumption governance principles

Tech Stack

• Python

Benefits

• 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.
• 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