Senior Actuary – Enterprise Projects
Pacific Life
Senior Actuary – ALM Hedging
Pacific Life
full-time
Posted on:
Location Type: Hybrid
Location: Newport Beach • California, New York • 🇺🇸 United States
Visit company websiteSalary
💰 $163,620 - $199,980 per year
Job Level
Senior
Tech Stack
PythonTableau
About the role
- Own the evaluation of the feasibility and effectiveness of new hedge programs, ensuring alignment with the organization's risk management framework
- Design and conduct testing and analysis on new hedge programs, both rider and indexed, associated with new and existing products
- Partner with divisional Product Development teams on new product market risks and hedging mitigation analysis
- Influence Product Development in their design through prioritizing and balancing hedge effectiveness and efficiency
- Analyze and recommend enhancements to current hedge programs based on industry research and stakeholder considerations
- Lead continuous improvement initiatives by analyzing program performance, identifying areas for enhancement, and implementing best practices in hedging strategies
- Conduct regular market analysis identifying hedging best practices and emerging trends from peer companies in the industry
- Assess the viability and effectiveness of common industry best hedging practices and drive enhancements to current hedge programs
- Own the model calibration, implementation and testing of Numerix and other exotic option valuation software
- Serve as a key contributor on the Enterprise ALM Hedging team and partner with stakeholders throughout the company
Requirements
- FSA designation required
- 6+ years of actuarial experience (preferred)
- Hands-on experience in hedging, with knowledge of both life and annuity products
- Bachelor's degree in actuarial science, finance, mathematics, or a related field
- Proficient in Bloomberg, Tableau, Prophet, Python
- Experience with Numerix and other exotic option valuation software (model calibration, implementation, testing)
- Strong analytical and problem-solving skills with attention to detail and intellectual rigor
- Effective communicator with the ability to build relationships and collaborate across teams
- Proven track record of advancing projects and delivering actionable insights
- Willingness to relocate if not located near Newport Beach, CA or Omaha, NE; hybrid schedule requires four days in the office
Benefits
- Benefits start Day 1
- Medical, Dental, Vision
- 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
- Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
- Flexible benefits that you can tailor to meet your needs
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
hedgingactuarial sciencemodel calibrationimplementationtestinganalysisproduct developmentrisk managementnumerical analysisdata analysis
Soft skills
analytical skillsproblem-solvingattention to detailcommunicationcollaborationrelationship buildingproject managementinfluencecontinuous improvementstakeholder engagement
Certifications
FSA designation