Assistant Actuary Jobs

Pacific Life is investing in bright, agile, and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Assistant Actuary to join the Institutional Division’s Pricing & Data Analytics Team.

As an Assistant Actuary, you will play a key role in Pacific Life’s growth and long-term success. You will be responsible for the development of key assumptions for the Pension Risk Transfer, DCLI and Stable Value products, including the development of experience studies and predictive analytics models.

Location is flexible, allowing you to sit in Newport Beach, CA, Omaha, NE, or Lynchburg, VA. We are open to 100% remote for the right candidate, but preference will be given to individuals located or willing to relocate near an office.

While our team aims to hire at the Assistant Actuary level, candidates who meet most but not all requirements are encouraged to apply. Actual job title will be based on experience and skillset.

How You Will Make An Impact

• Actively pursue the FSA credential
• Use modern data techniques (Python, R, SQL) to efficiently analyze and model historical experience
• Perform experience studies to support the setting/updating/monitoring of actuarial assumptions used for pricing, valuation, business management, capital management, and forecasting purposes
• Collaborate with and provide actuarial guidance to the Data Analytics team to develop models for certain assumptions
• Build dashboards, automating data flow from source systems to insightful summaries
• Produce analyses to support the development of pricing assumptions
• Support the annual assumption update process for in-force projections and valuation
• Exercise appropriate controls with assumptions implementation
• Train and mentor actuarial students as needed
• Develop expertise with underlying admin system data sources to aid in understanding evolving claims practices and experience history

The Experience You Will Bring

• Ability to work independently and collaboratively as part of a team as well as manage long-term projects
• Excellent analytical, problem-solving, and decision-making skills
• Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field or equivalent work experience
• Strong written and verbal communication skills
• Related programming (R, Python), data visualization (Alteryx, Power BI, Tableau) and database (SQL) skills
• ASA with 4+ years of strong actuarial work experience
• Proficiency in Microsoft Excel is required with VBA coding experience

What Will Make You Stand Out

• Experience with actuarial modeling systems, particularly Prophet
• Knowledge of statistical modeling concepts and their application to mortality data
• Prior experience with Pension Risk Transfer pricing or valuation

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

Base Pay Range

The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay.

$103,000.00 - $128,800.00 - $173,900.00

Your Benefits Start Day 1

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. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• Competitive 401k savings plan with company match and an additional contribution regardless of participation
• Paid Parental Leave as well as an Adoption Assistance Program
• 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

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.