Associate Actuary supporting quarter-end GAAP valuation process at Pacific Life. Collaborating with model development teams and ensuring accurate financial reporting.
Responsibilities
Support quarter-end GAAP valuation process, including: working extensively with the Life Prophet model, preparing model inputs, working with & communicating model output, ownership of a subset of the balance sheet (including the quarterly narrative & analysis)
Analyze and communicate the quarterly reserve movements in the GAAP balance sheet, ensuring figures are accurately and timely reflected in the financial ledger
Collaborate with Enterprise Model Steward & Model Development teams to perform model regressions & attributions of proposed model enhancements and fixes
Maintain and improve, as necessary, process documentation of quarter-end processes around data & model operations to comply with best practices, model risk management, and internal controls
Maintaining procedures quality assurance procedures and related controls that enhance the accuracy and reliability of valuation processes when appropriate.
Requirements
Bachelor’s degree in actuarial science, mathematics, finance, economics, data science or related field
ASA designation or near-designation
Familiarity with US GAAP reporting & requirements
Effective time management and multi-tasking skills
Strong analytical, interpersonal, and communication skills (both verbal and written)
Familiarity with Microsoft Office as well as any other software such as Python, Prophet etc.
Benefits
Medical, Dental, Vision, and Wellbeing Reimbursement Account
Paid Time Off, Holiday Schedules, and Financial Planning Time Off
Paid Parental Leave and an Adoption Assistance Program
Competitive 401k savings plan with company match and additional contribution
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