Senior Actuary (FSA) developing pricing models focusing on Pension Risk Transfer at Pacific Life. Collaborating with model users and utilizing Agile methodologies in a hybrid work environment.
Responsibilities
Maintain systems and perform development, testing, and debugging of pricing models, focusing on Pension Risk Transfer.
Peer review changes made by other developers and act as an internal modeling expert for colleagues.
Collaborate with model users to define requirements and deliver accurate, reliable, and effective solutions.
Proactively evaluate and recommend modeling strategies and approaches to address business needs.
Support pricing and research actuaries in competition analysis, profit studies, product management, and speed to market.
Educate model users on new model features.
Troubleshoot and investigate pricing models and related processes, including reconciliation as necessary.
Collaborate with other modeling teams on methodology and technology; validate pricing models against those used in other areas (e.g., Valuation, ALM) for consistency.
Apply CI/CD and Agile methodologies to model development.
Support and comply with all Model Risk Management initiatives, documentation, and standards.
Requirements
Bachelor’s degree in Actuarial Science, Computer Science, Engineering, or a related field
FSA designation required
Proficiency with Prophet Professional and Prophet Enterprise
Proven experience collaborating with IT, transformation teams, and cross-functional stakeholders.
Strong understanding of actuarial modeling, financial reporting, and regulatory requirements.
Detail-oriented mindset with a focus on quality assurance.
Excellent problem-solving skills, with the ability to think strategically and innovate.
Effective communication skills, with the ability to explain technical concepts to coders, actuaries, and non-technical audiences.
Strong background in model architecture and design.
Proficiency in C#, Python, SQL, or other programming languages, with experience in object-oriented design and test-driven development.
Experience with Azure DevOps, JIRA, Azure pipelines, Git, Snowflake, and AWS.
Modeling experience with Life (Term, UL, VUL, IUL), Annuity (VA, RILA, FA, FIA), Institutional (PRT, HSA, FAB, DCLI), and Workforce Benefits (Vision, Dental, Group Life) products.
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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