Full-Time

Director & Actuary

Production Model Releases

Confirmed live in the last 24 hours

Pacific Life

Pacific Life

1,001-5,000 employees

Fintech
Financial Services

Compensation Overview

$193.9k - $237.1kAnnually

+ Incentive Pay

Expert

Newport Beach, CA, USA

This role can be on-site or hybrid depending on location.

Category
Insurance
Finance & Banking
Required Skills
Data Science

You match the following Pacific Life's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 10+ years’ actuarial experience, with in-depth product knowledge, as well as in modeling/programming/data science.
  • Bachelors in actuarial science, computer science, finance, mathematics, or related field.
  • FSA preferred or more experience in the relevant field; CERA (a plus).
  • Strong modeling / actuarial platform skills, including FIS knowledge: Familiarity with all components within FIS Insurance Risk Suite (i.e., PRD, DCS, PE, PP).
  • Advanced knowledge of Prophet libraries (e.g., US360, ALS, and Life).
  • Demonstrated leadership, communication, and interpersonal skills.
  • Exceptional organizational, quantitative, analytical, and problem-solving skills.
  • Excellent verbal and written communication skills.
Responsibilities
  • Lead a team of modeling professionals within the Model Steward team focused on overseeing the governance, stewardship, and production model release management.
  • Oversee the Model development life cycle by managing the merge activities, documentation and regression testing of all valuation and projection model implementation and modeling projects.
  • Partner with the Model development team and business stakeholders to prioritize and plan merging activities for upcoming releases as well as drive modeling best practices and coding standards.
  • Responsible for reviewing and maintaining all model documentation and regression testing, and working with Model Development leads and business stakeholders to secure appropriate review/UAT documentation for all changes made to models, impacts under key reporting bases and evidence of all the required approvals.
  • Oversee model staging and integration of production models across all use cases.
  • Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes, including model review and testing processes.
  • Continuously improve the Model release process by defining the scope of regression testing and ensuring stakeholder buy-in of requirements for model sign off.
  • Recruit, train, and develop talent to maintain a strong Modeling Team that can adequately support actuarial modeling needs.
Desired Qualifications
  • Ability to collaborate effectively across functions.
  • Experience working with Azure DevOps, JIRA, pipelines, and AWS.
  • Familiarity with SQL, Essbase, Python, R, MATLAB, Tableau, Neural Net models and cloud computing a plus.
  • Experience with Annuity (VA, RILA, FA, FIA, ID, etc..) products.
  • Experience with Life (Term, UL, VUL, IUL, etc..) products.

Company Stage

N/A

Total Funding

$189.4M

Headquarters

Newport Beach, California

Founded

1868

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with T. Rowe Price introduces innovative lifetime income solutions to the market.
  • Enhanced annuity features address diverse retirement income needs with flexible growth and protection options.
  • Integration with Selerix elevates digital customer experience, aligning with tech-forward industry trends.

What critics are saying

  • Increased competition in annuities may pressure Pacific Life's market share and profitability.
  • Integration with Selerix could expose Pacific Life to potential data privacy and security risks.
  • High equity exposure in annuities may increase vulnerability to market volatility.

What makes Pacific Life unique

  • Pacific Life offers enhanced annuity features with high equity exposure for growth potential.
  • Integration with Selerix provides real-time updates, improving benefits administration accuracy and efficiency.
  • Recognized as a Civic 50 honoree, Pacific Life emphasizes community-minded initiatives and corporate citizenship.

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Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match