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Associate Actuary – Enterprise Modeling

Associate Actuary – Enterprise Modeling

CompanyPacific Life
LocationNewport Beach, CA, USA, Omaha, NE, USA
Salary$121770 – $148830
TypeFull-Time
DegreesBachelor’s
Experience LevelJunior, Mid Level

Requirements

  • Bachelor’s in actuarial science, computer science, finance, mathematics or related field.
  • 2+ years’ experience in actuarial modeling and coding.
  • Excited to work in a role that involves heavy use of Prophet in context of pricing, valuation and ALM modeling.
  • Self-starter with ability to develop solutions by collaborating with multiple business partners.
  • Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
  • Detail-oriented with excellent organizational, communication, and interpersonal skills.
  • Excellent analytical, problem-solving, and decision-making skills.

Responsibilities

  • Perform model development and work with Model Subject Matter Experts (SMEs) for Immediate and Deferred Annuity products (FIA, FA, IA), Variable Annuity (VA), Life (term, WL, UL, VUL, IUL) as well as institutional products (Stable Value, PRT, HSA, FABN, DCLI).
  • Perform model development and testing/debugging of Prophet models, peer review changes made by other team members.
  • Partner with Model SMES to proactively evaluate and recommend modeling strategies and potential approaches to find solutions that best address business needs.
  • Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes.
  • Create tools and develop procedures to increase productivity and lower risk in model development.
  • As the model liaison, educate model users on new model features developed and support related production implementation efforts through model deployment.
  • Partner with Model SMEs to increase your expertise on methodology, model implementation, and testing/debugging to support modeling initiatives.
  • Support and comply with all Model Risk Management initiatives, documentation, and standards.

Preferred Qualifications

  • Excellent communication skill.
  • Experience coding in Python, Visual Basic, and SQL.
  • Experience working with Azure DevOps, JIRA, pipelines, and AWS.
  • Advanced knowledge and experience in Prophet.
  • Experience with Annuity (VA, RILA, FA, FIA, etc..) products.
  • Experience with Institutional (Stable Value, PRT, HSA, FABN, DCLI) products.
  • Experience with Life (TL, WL, IUL, VUL, etc…) products.
  • Experience with ALM/Hedging.
  • ASA/FSA/CFA designation.