Associate Actuary, Life Valuation
Pacific Life
full-time
Posted on:
Location Type: Office
Location: Newport Beach • California, New York • 🇺🇸 United States
Visit company websiteSalary
💰 $121,770 - $148,830 per year
Job Level
JuniorMid-Level
Tech Stack
Python
About the role
- Support quarter-end GAAP valuation process, including: working extensively with the Life Prophet model, preparing model inputs, working with & communicating model output, ownership of a subset of the balance sheet (including the quarterly narrative & analysis).
- Analyze and communicate the quarterly reserve movements in the GAAP balance sheet, ensuring figures are accurately and timely reflected in the financial ledger.
- Collaborate with Enterprise Model Steward & Model Development teams to perform model regressions & attributions of proposed model enhancements and fixes.
- Maintain and improve, as necessary, process documentation of quarter-end processes around data & model operations to comply with best practices, model risk management, and internal controls.
- Maintaining procedures quality assurance procedures and related controls that enhance the accuracy and reliability of valuation processes when appropriate.
Requirements
- Bachelor’s degree in actuarial science, mathematics, finance, economics, data science or related field.
- ASA designation or near-designation.
- Familiarity with US GAAP reporting & requirements, particularly.
- Effective time management and multi-tasking skills.
- Strong analytical, interpersonal, and communication skills (both verbal and written).
- Familiarity with Microsoft Office as well as any other software such as Python, Prophet etc.
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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
GAAP valuationmodel regressiondata analysisfinancial ledger managementprocess documentationquality assurance proceduresmodel risk management
Soft skills
time managementmulti-taskinganalytical skillsinterpersonal skillscommunication skills
Certifications
Bachelor’s degreeASA designation