Hybrid Senior Actuary, ALM Strategy & Optimization

Posted 2 days ago

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About the role

  • Senior Actuary (FSA) handling ALM Strategy & Optimization for Pacific Life, focusing on analytical and strategic initiatives. Work involves collaboration across teams to enhance enterprise balance-sheet capabilities.

Responsibilities

  • Execute advanced ALM projections and analytics to assess risk positioning, asset‑liability interactions, capital efficiency, and balance‑sheet strategies across economic, GAAP, statutory (VM‑22), and Bermuda EBS frameworks
  • Lead the development and refinement of asset‑optimization capabilities supporting VM‑22 reserves and Bermuda EBS capital requirements, including defining optimization objectives, constraints, and integration into ALM decision tools
  • Partner with Investment Strategy, Capital Management, Product Design, and Investment Solutions teams to evaluate strategic balance‑sheet actions, product designs, and reinsurance or capital solutions that improve competitiveness and resilience
  • Contribute to the evolution of enterprise ALM strategic playbooks by analyzing market‑risk exposures, evaluating asset allocation considerations, and supporting liquidity risk frameworks
  • Clearly communicate ALM insights, risk assessments, and strategic recommendations to senior leaders and cross‑functional stakeholders
  • Enhance modeling, reporting, and analytical capabilities through strong Python‑based development, automation, and reproducibility improvements within ALM workflows
  • Support assumption governance for market, credit, and investment‑related assumptions impacting ALM decisions.

Requirements

  • FSA designation required
  • 5–10+ years of actuarial experience in ALM, risk management, actuarial modeling, investment‑related analysis, or related areas in the life insurance industry
  • Strong understanding of ALM concepts, interest‑rate and market‑risk measurement, economic valuation, GAAP and statutory frameworks, VM‑22, and preferably Bermuda EBS
  • Demonstrated ability to independently execute complex analyses and translate results into clear strategic insights
  • Advanced programming skills in Python, including building analytical tools and enhancing modeling platforms
  • Strong written and verbal communication skills with the ability to convey complex concepts to varied audiences.

Benefits

  • 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

Job title

Senior Actuary, ALM Strategy & Optimization

Job type

Experience level

Senior

Salary

$167,670 - $204,930 per year

Degree requirement

Professional Certificate

Tech skills

Location requirements

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