AXIS Modeler responsible for developing actuarial models within the AXIS platform. Focused on Universal Life products with testing and ongoing enhancements.
About the role
- Senior Actuary (FSA) leading actuarial projections for fixed annuities at Pacific Life, providing expertise in both individual and group fixed annuities.
Responsibilities
- Support the timely and accurate preparation of the Actuarial Opinion and Memorandum on Asset Adequacy Testing, C3 Phase I scenario testing, economic reporting and all other projection reporting in accordance with regulatory, or internally defined, requirements as applicable
- Lead and develop the consolidation of the operating model between both the individual and group fixed annuities projection processes
- Consolidate and eliminate redundancy across shared tasks including but not limited to data aggregation, attribution analysis, memorandum, dashboard and presentation material
- Become a subject matter expert in regard to the fixed annuities actuarial projection models including their pre and post processing workflow
- Develop and translate model enhancements into business requirements through analysis as well as perform testing and validation of those enhancements
- Maintain proper controls and processes consistent with Model Risk Management (MRM) guidance
- Produce and/or help review reports/analytics supporting actuarial projection exercises and take initiative to streamline those reporting processes
- Collaborate with colleagues across the function and beyond; interact closely with team leaders and senior management, build strong relationships and seek out to provide actuarial interpretation and expertise to others
- Communicate effectively with various audiences of diverse educational backgrounds ranging from new hires to actuarial and non-actuarial senior management
- Maintains awareness of new product activities and regulatory changes and support their implementation
- Develop tools to enhance model efficiency and analytics in relation to inputs, computation and outputs
Requirements
- FSA with 6+ years of related actuarial experience
- Bachelor's degree
- Experience with asset and liability projections
- Strong stakeholder management and interpersonal skills
- Excellent quantitative, analytical and problem-solving skills
- Innate curiosity and attention to detail
- Ability to translate technical concepts to non-technical audiences effectively in both verbal and written communication.
Benefits
- 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.
- 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
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