Director & Actuary - Production Model Releases

Pacific Life
life insurance, parental leave, paid time off, 401(k)
United States, California, Newport Beach
700 Newport Center Drive (Show on map)
Nov 26, 2024
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 Director & Actuary of Production Model Releases to join our Enterprise Modeling Team in Newport Beach, CA. This role can be on-site or hybrid (depending on location). The Director & Actuary - Production Model Releases is an instrumental role within the Model Steward team focused on managing and supporting all Prophet Production model release deliverables. This role oversees model controls and governance, integration, regression testing, and model documentation involved with each release cycle. You will manage a team of four individuals in the Enterprise Modeling division. You will work closely with actuarial model developers, data/IT, and various business partners that rely on these models for quarterly production work. Candidates who meet most but not all the requirements are encouraged to apply. Actual job offer and title will be based on level of experience and skillset. How you will make an impact: Lead a team of modeling professionals within the Model Steward team focused on overseeing the governance, stewardship, and production model release management. Oversee the Model development life cycle by managing the merge activities, documentation and regression testing of all valuation and projectionmodel implementation and modeling projects. Partner with the Model development team and business stakeholders to prioritize and plan merging activities for upcoming releases as well as drive modeling best practices and coding standards. Responsible for reviewing and maintaining all model documentation and regression testing, and working with Model Development leads and business stakeholders to secure appropriate. review/UAT documentation for all changes made to models, impacts under key reporting bases and evidence of all the required approvals. Oversee model staging and integration of production models across all use cases. Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes, including model review and testing processes. Continuously improve the Model release process by defining the scope of regression testing and ensuring stakeholder buy-in of requirements for model sign off. Recruit, train, and develop talent to maintain a strong Modeling Team that can adequately support actuarial modeling needs. The experience you bring: 10+ 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. FSA preferred or more experience in the relevant field; CERA (a plus). Experience managing, coaching, and developing actuarial modeling developers preferred. Demonstrated leadership, communication, and interpersonal skills. Exceptional organizational, quantitative, analytical, and problem-solving skills. Excellent verbal and written communication skills. Strong modeling / actuarial platform skills, including FIS knowledge: Familiarity with all components within FIS Insurance Risk Suite (i.e., PRD, DCS, PE, PP). Advanced knowledge of Prophet libraries (e.g., US360, ALS, and Life). Ideally existing working relationships with FIS Insurance Risk teams and individuals. What will make you stand out: Ability to collaborate effectively across functions. Experience working with Azure DevOps, JIRA, pipelines, and AWS. Familiarity with SQL, Essbase, Python, R, MATLAB, Tableau, Neural Net models and cloud computing a plus. Experience with Annuity (VA, RILA, FA, FIA, ID, etc..) products. Experience with Life (Term, UL, VUL, IUL, etc..) products. You can be who you are. People come first here. We're committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife. #LI-MT1 #LI-Hybrid Base Pay Range: The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay. $193,950.00 - $237,050.00 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. 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 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.