Director Actuary leading Prophet model development for Annuity products at Pacific Life. Collaborating with various teams to provide innovative modeling and reporting capabilities.
Responsibilities
Lead model development and be the modeling Subject Matter Expert for Immediate and Deferred Annuity products (FIA, FA, IA) as well as institutional products (Stable Value, PRT, HSA, FABN, DCLI).
Perform model development and testing/debugging of Prophet models, peer review changes made by other team members and act as an internal Prophet expert for your colleagues.
Proactively evaluate and recommend modeling strategies and potential approaches to find solutions that best address business needs.
Lead model development initiatives that improve and expand existing models.
Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes.
Provide training to model users to ease learning curve and further develop training materials, tools and templates based on the model risk management policy and standards.
As the model liaison, educate model users on new model features developed and support related production implementation efforts through model deployment.
Provide guidance and expertise to junior staff on methodology, model implementation, and testing/debugging to support modeling initiatives.
Support and comply with all Model Risk Management initiatives, documentation, and standards.
Requirements
8 + years’ actuarial experience, with in-depth product knowledge, as well as in modeling/programming/data science.
Bachelors in actuarial science, computer science, finance, mathematics, or related field.
Excited to work in a role that involves heavy use of Prophet in context of pricing, valuation, projections, Hedging and ALM modeling.
Proven ability to lead and develop high-performing teams, fostering collaboration and accountability to achieve organizational goals.
Self-starter with ability to develop solutions by collaborating with multiple business partners.
Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
Detail-oriented with excellent organizational, communication, and interpersonal skills.
Excellent analytical, problem-solving, and decision-making skills.
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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