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Associate Actuary

Posted on Feb 14, 2019 by Pacific Life

Aliso Viejo, CA 92656
Other
Immediate Start
Annual Salary
Full-Time
Currently we are looking for a talented Associate Actuary to join our Life Insurance Division in Aliso Viejo, CA.
The Life Insurance Division works with financial and insurance professionals to give families and businesses the life insurance coverage needed to help meet important financial protection, wealth accumulation, and wealth preservation goals.

POSITION SUMMARY:
The Life Insurance Division (LID) Asset Liability Management (ALM) team is responsible for managing and monitoring financial risks within the division. Two broad key functions of the group include managing financial risk and monitoring and communicating financial risk. The team is responsible for overseeing cap and credit rate management, hedging, asset/liability portfolio management and reporting.

RESPONSIBILITIES:
  • Overseeing the design and development of ALM Risk Reporting. This includes quarterly Risk Management Report, ALM Dashboards and Financial Reporting.
  • Fostering strong relationships with colleagues in Finance, Product Design, Risk Management group and Investment Management within the Life Division and across the company.
  • Calculating and analyzing risk associated with fixed products, including interest rate risk, liquidity risk, credit risk, insurance risk, etc.
  • Performing capital markets and actuarial research and studies to investigate underlying risk drivers of the products and asset portfolios.
  • Participating in analysis of risk metrics and risk mitigation solutions for both assets and liabilities.
  • Participating in ALM risk management processes surrounding hedging, setting credit and cap rates and dividend scale.

FACTORS FOR SUCCESS:
  • FSA designation in the Society of Actuaries
  • 5+ years of actuarial experience in life insurance industry, life products preferred
  • Strong understanding of financial concepts, statutory, GAAP, and/or economic capital framework
  • Effective verbal and written communication skills, including the ability to communicate complex issues to non‐technical audience
  • Collaborates effectively with colleagues on cross-functional projects and initiatives
  • Demonstrated knowledge of software such as MG-ALFA or other modeling software is preferred
  • Self-starter with good time-management skills
  • Can effectively lead teams and projects comprised of direct reports or peers
Celebrating 150 years of service in 2018, Pacific Life offers life insurance, annuities, and mutual funds, along with a variety of investment products and services, all of which provide The Power to Help You Succeed. We firmly believe each employee plays a part in our continued growth and success, and we pride ourselves in providing a work environment that is challenging, inclusive, collaborative, and results-oriented. With a powerful past and a strong future, Pacific Life offers an environment where you're empowered to achieve your personal best. In return, we look to your passion and insight to help us grow. For additional company information, including current financial strength ratings, visit . To explore the heritage of Pacific Life and learn more about our history, visit the Pacific Life team and watch your career grow! We offer a competitive compensation and benefits package that includes: • Competitive salary and bonus program • Medical, dental, and vision as part our commitment in investing in the health and wellbeing of our employees • Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid) • Generous vacation time and holiday pay • And much more!Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

Reference: 646266772