Senior Actuary; FSA - Annuity Projections

Overview

Job Description: Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better.

Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

We’re actively seeking a talented Senior Actuary (FSA) to join our Enterprise Valuation Fixed Annuity Projections team in Newport Beach, CA, Omaha, NE, or Charlotte, NC
. This role follows a hybrid schedule of four days on-site in one of our office locations. If you are not currently located near one of our offices, we offer comprehensive relocation benefits.

Our Charlotte office will be located in the Queensbridge Collective, a new construction project slated for completion in 2028. It’s a dynamic, walkable district at the intersection of South Tryon and Morehead streets. This 44-floor high-rise is designed to offer more than just workspace. Employees will enjoy direct access to a 1-acre outdoor green space, a fitness and wellness center, and a wide variety of nearby restaurants, shops, and services.

Just one block from a light rail station, the location offers seamless connectivity to the city and its cultural offerings.

While construction is underway, we are opening an interim location in early 2026, less than a mile from the Queensbridge Collective. This interim location will support our growing team through 2028, offering the resources and flexibility needed to build momentum as we establish our presence in the region.

As a Senior Actuary of the Enterprise Valuation Fixed Annuity Projections team, you will be primarily responsible for leading, planning and executing actuarial projections for fixed annuities with accountability for decisions, outcomes and impacts of those projections. With upcoming advancements in regulatory reserving requirements for fixed annuities the traditional division between retail and institutional fixed annuities is blurring. This role provides a unique opportunity to develop expertise in both individual and group fixed annuities by providing support across two other teams within the fixed annuity projections function.

This support will include traditional actuarial exercises such as asset adequacy testing and C3-Phase I along with more modern concepts such as economic reporting and offshore reinsurance as well the ongoing modernization effort of those long-standing regulatory exercises.

You will fill an individual contributor new role that sits on a team with 2 team leaders; however, you will also provide direct support to those two team leaders. Your colleagues will include both fully remote and hybrid team members.

How you’ll help move us forward:

• Support the timely and accurate preparation of the Actuarial Opinion and Memorandum on Asset Adequacy Testing, C3 Phase I scenario testing, economic reporting and all other projection reporting in accordance with regulatory, or internally defined, requirements as applicable
• Lead and develop the consolidation of the operating model between both the individual and group fixed annuities projection processes
• Consolidate and eliminate redundancy across shared tasks including but not limited to data aggregation, attribution analysis, memorandum, dashboard and presentation material
• Become a subject matter expert in regard to the fixed annuities actuarial projection models including their pre and post processing workflow
• Develop and translate model enhancements into business requirements through analysis as well as perform testing and validation of those enhancements
• Maintain proper controls and processes consistent with Model Risk Management (MRM) guidance
• Produce and/or help review reports/analytics supporting actuarial projection exercises and take initiative to streamline those reporting processes
• Co…