Full-Time

Director & Actuary

Production Model Releases

Confirmed live in the last 24 hours

Pacific Life

Pacific Life

1,001-5,000 employees

Financial Services

Compensation Overview

$193.9k - $237.1kAnnually

+ Incentive Pay

Senior, Expert

Newport Beach, CA, USA

Role can be on-site or hybrid depending on location.

Category
Insurance
Finance & Banking
Required Skills
Data Science
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).
  • Experience managing, coaching, and developing actuarial modeling developers preferred.
  • Demonstrated leadership, communication, and interpersonal skills.
  • Exceptional organizational, quantitative, analytical, and problem-solving skills.
  • Excellent verbal and written communication skills.
  • 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).
  • Ideally existing working relationships with FIS Insurance Risk teams and individuals.
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.

Company Stage

N/A

Total Funding

$189.4M

Headquarters

Newport Beach, California

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The enhancement of annuity features to address retirement income needs positions Pacific Life as a leader in providing flexible and protective financial products.
  • Strategic partnerships, such as with T. Rowe Price and Selerix, demonstrate Pacific Life's ability to innovate and adapt to market demands.
  • The company's strong community focus and ethical culture contribute to a positive work environment and long-term value.

What critics are saying

  • The competitive landscape in financial services and insurance could challenge Pacific Life's market share and growth.
  • Integration of new technologies and partnerships may face operational hurdles, impacting efficiency and customer satisfaction.

What makes Pacific Life unique

  • Pacific Life's integration with Selerix for real-time benefits administration sets it apart by offering a seamless digital experience for brokers and HR teams.
  • The company's recognition as one of America's 50 most community-minded companies highlights its commitment to corporate citizenship, distinguishing it from competitors.
  • Pacific Life's collaboration with T. Rowe Price on lifetime income solutions showcases its innovative approach to retirement planning.

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