Pacific Life Hiring for VP Enterprise Actuarial Modeling & Strategy Job at Newport Beach, CA Full Time

Job Description:
Pacific Life is investing in bright, agile, and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Head of Enterprise Actuarial Modeling to join our Office of the Chief Actuary team. This role can be on-site in any of our locations (Newport Beach, CA, Aliso Viejo, CA, Omaha, NE, or Lynchburg, VA). Your colleagues will include CROs, CIO, product and divisional team leaders, Chief Capital Officer, Head of Model Risk, and other fellow professionals.

How you will make an impact:
Accountable for successful development and deployment of target operating model for new center-led modeling and production team focused on US Valuation and Production modeling platforms.

Collaborate to drive execution and continued evolution of enterprise transformation strategy

Oversee the design, development, testing, and maintenance of all valuation and projection models

Oversee model staging and running of production valuation and projection models across the Enterprise for Stat/Tax, GAAP/LDTI, Economic Value, and Capital Planning.

Accountable for the production of valuation/projection analytics and role-up for developing/delivering an enterprise lens and divisional comparability and trends

Collaborate/liaise with reporting and forecasting, FP&A, CIO, ERM, Transformation Office, and divisional teams

Accountable for owning model check-in/check-out processes and controls

Chair Steering Committee for model changes, prioritization, and developments

Accountable for modeling strategy, standards, and oversight across actuarial modeling platforms (pricing and valuation)

Responsible for maintaining all model documentation and securing appropriate review/UAT processes including detailed documentation of all changes made to models, impacts under key reporting bases, and evidence of all the required approvals.

Liaise with divisional modeling stewards and drive talent/staff development and talent strategy in terms of coaching, driving a strong culture of innovation, pride of work & execution, and upskilling talent to grow skills across the modeling community

Oversee and enforces all model governance standards including linkage with wider Enterprise-wide standards (e.g. data governance, model risk, IT governance, etc)

Responsible for ensuring model efficiency meet internal business requirements and costs

Manages all model environments from DEV, TEST, UAT, PROD as well as Divisional Sandbox

Drive modeling offshore strategy with responsibility for oversight and engagement with any modeling outsourced resources and team

Drive modeling R&D to ensure modeling efficiencies and drive best practices throughout the enterprise

Drive automation of inputs, outputs, KPI reporting in partnership with IT, and broader transformation strategy

Develop, Negotiate and Maintain service-level agreements with various stakeholders

Ensure model governance and control are maintained around production models, to prevent unauthorized changes and ensure the integrity of model results.

Partner with IT and functional areas to develop simple, effective, and innovative solutions to simplify modeling processes

The experience you will bring:
Demonstrated leadership skills

Strong modeling / actuarial platform skills and FIS knowledge, including:

Familiarity with all components within FIS Insurance Risk Suite (i.e. PRD, DCS, PE, PP, PMCS)

Advanced knowledge of Prophet libraries (e.g. P360, ALS, Life and Health libraries)

Ideally existing working relationships with FIS Insurance Risk teams and individuals

Bachelor’s Degree in Actuarial Science, mathematics, finance, engineering, computer science, or another quantitative related field is preferred

FSA (must); CERA (a plus)

10+ years of actuarial experience, preferably with life and annuities; PRT experience is a plus

Experience with Stat and GAAP valuation requirements, financial reporting, and accounting principles

Exceptional quantitative, analytical, and problem-solving skills

Skilled in SQL, EssBase, Python, R, MatLab, Tableau, Neural Net models, and cloud computing a plus

What will make you stand out:
Exceptional organizational skills

Proven success in driving execution of complex initiatives

Proven success in creating vision and developing/delivering strategy with linkage to broader enterprise strategy

Excellent diplomacy and negotiation skills and management of cross-functional stakeholders

Ability to work across disciplines and functions with a customer-centric mindset

Excellent verbal and written communication skills

A mindset to drive continuous innovation

You belong at Pacific Life

At Pacific Life, we are committed to a culture of belonging, a space where all employees are empowered to be authentic. One way we cultivate an inclusive culture is through our employee connection groups. The purpose of these employee-led groups is to offer a place to build community, connection, camaraderie, and a sense of belonging. Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at www.pacificlife.com.

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

#LI-JS1

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.

Competitive salary and benefits

Focus on maintaining a strong work-life balance, including six Rejuvenation days off in 2022

Generous Paid Time Off (PTO) and holiday pay

Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees

Two retirement savings plans: 401k savings plan with company match and a 100% paid Company Retirement Contribution

Wellbeing Reimbursement for personal wellbeing expenses (physical, financial, social/emotional)

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.