Job Location: Aliso Viejo, CA
Job Description:
Pacific Life is looking to invest in bright, agile new talent to ensure we continue to innovate and strengthen relationships with our policyholders. We’re actively seeking a talented Actuarial Analyst to join our GAAP Valuation team in Aliso Viejo, CA and take part in our people-first culture. Employees in this role can work onsite, hybrid or 100% remote.
As part of the GAAP Valuation team, you will be responsible for supporting the ongoing transformation efforts to GAAP valuation of life insurance products. You will be a part of the team tasked with implementing a significant change to GAAP accounting standards and play an important role toward the successful adoption of Long-Duration Targeted Improvements (LDTI). You will fill an existing role that sits on a team of five people on the GAAP Valuation team. Your colleagues will include fellow actuaries and valuation professionals.
How you will make an impact:
Support Actuarial Transformation initiatives to improve and automate the entire end to end valuation process, including input data gathering, reserve calculations, and financial reporting
Develop tools and perform testing to validate the application of LDTI principles to life insurance products
Enhance existing GAAP analyses by improving efficiency and/or building new metrics and insights using various data analytics and visualization tools
Collaborate with other functional areas to build, test and validate reporting of both required disclosures and key internal management metrics
Support development of analyses & communication to effectively explain to senior management the financial impacts of LDTI adoption
Support and develop working knowledge of the GAAP quarterly financial statement process, under both current GAAP and LDTI requirements
Assist with ad-hoc projects and request supporting the Valuation area as needed
Actively pursue the ASA/FSA credential by participating in the Actuarial Student Program
Tech & Tools You’ll Use
FIS Prophet, Alteryx, R, Tableau, Snowflake, MS Office
The experience you’ll bring:
Bachelor’s degree with at least 1 SOA exam and 0-2 years of related working experiences
Strong analytic and problem-solving skills
Drive for innovation and continuous improvement
Effective communication, multi-tasking, and organization skills
Proficient in Microsoft Office Suite
You belong at Pacific Life
At Pacific Life we are committed to a culture of belonging, a space where all employees are empowered to be authentic. One way we cultivate an inclusive culture is through our employee connection groups. The purpose of these employee-led groups is to offer a place to build community, connection, camaraderie, and a sense of belonging. Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at www.pacificlife.com.
Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.
#LI-TM1 #LI-Hybrid #LI-Remote
Your Benefits Start Day 1
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. Whether you are focusing on your physical, financial, emotional or social wellbeing, we’ve got you covered.
Competitive salary and benefits
Focus on maintaining a strong work-life balance, including six Rejuvenation days off in 2022
Generous Paid Time Off (PTO) and holiday pay
Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees
Two retirement savings plans: 401k savings plan with company match and a 100% paid Company Retirement Contribution
Wellbeing Reimbursement for personal wellbeing expenses (physical, financial, social/emotional)
EEO Statement:
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.
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