Senior Actuary, ALM Strategy & Optimization

Pacific Life

. Execute advanced ALM projections and analytics to assess risk positioning, asset‑liability interactions, capital efficiency, and balance‑sheet strategies across economic, GAAP, statutory (VM‑22), and Bermuda EBS frameworks .

Posted 3/11/2026full-timeNewport Beach • California, New York • 🇺🇸 United StatesSenior💰 $167,670 - $204,930 per yearWebsite

Tech Stack

Tools & technologies

Python

About the role

Key responsibilities & impact

Execute advanced ALM projections and analytics to assess risk positioning, asset‑liability interactions, capital efficiency, and balance‑sheet strategies across economic, GAAP, statutory (VM‑22), and Bermuda EBS frameworks
Lead the development and refinement of asset‑optimization capabilities supporting VM‑22 reserves and Bermuda EBS capital requirements, including defining optimization objectives, constraints, and integration into ALM decision tools
Partner with Investment Strategy, Capital Management, Product Design, and Investment Solutions teams to evaluate strategic balance‑sheet actions, product designs, and reinsurance or capital solutions that improve competitiveness and resilience
Contribute to the evolution of enterprise ALM strategic playbooks by analyzing market‑risk exposures, evaluating asset allocation considerations, and supporting liquidity risk frameworks
Clearly communicate ALM insights, risk assessments, and strategic recommendations to senior leaders and cross‑functional stakeholders
Enhance modeling, reporting, and analytical capabilities through strong Python‑based development, automation, and reproducibility improvements within ALM workflows
Support assumption governance for market, credit, and investment‑related assumptions impacting ALM decisions.

Requirements

What you’ll need

FSA designation required
5–10+ years of actuarial experience in ALM, risk management, actuarial modeling, investment‑related analysis, or related areas in the life insurance industry
Strong understanding of ALM concepts, interest‑rate and market‑risk measurement, economic valuation, GAAP and statutory frameworks, VM‑22, and preferably Bermuda EBS
Demonstrated ability to independently execute complex analyses and translate results into clear strategic insights
Advanced programming skills in Python, including building analytical tools and enhancing modeling platforms
Strong written and verbal communication skills with the ability to convey complex concepts to varied audiences.

Benefits

Comp & perks

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

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

ALM projectionsrisk assessmentasset optimizationPython programminganalytical toolsmodelingautomationreproducibilityeconomic valuationinvestment-related analysis

Soft Skills

communicationstrategic insightsindependent executioncollaborationanalytical thinkingproblem-solvingstakeholder engagementleadershippresentation skillscross-functional teamwork

Certifications

FSA designation