Hybrid Senior Actuary, Model Developer – New Business

Posted 5 days ago

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About the role

  • 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

Job title

Senior Actuary, Model Developer – New Business

Job type

Experience level

Senior

Salary

$163,620 - $199,980 per year

Degree requirement

Bachelor's Degree

Location requirements

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