AVP, ERM (Actuary)

Job Description
Additional Location Info:

# 300, 610 Newport Center Drive, Newport Beach, CA
(949) 219-5200

4695 MacArthur Court, Newport Beach, CA
(949) 200-8054

Job Description: Pacific Life offers life insurance, annuities, and mutual funds, along with a variety of investment products and services, all of which provide The Power to Help You Succeed.

Headquartered in Newport Beach, CA, Pacific Life is a Fortune 500 company with approximately 2700 employees. We pride ourselves on providing an innovative work environment which is highly challenging and exceptionally rewarding. We firmly believe each employee plays a part in our continued growth and success.

Currently, we are seeking a talented AVP of Enterprise Risk Management (ERM) to join the Corporate Division.

Position Description:
Represent company's interests in and cover actuarial regulatory activities and advocacy efforts focusing on (but not limited to) valuation of liabilities and capital requirements. Expand beyond the company's current U.S. statutory focus to encompass U.S. GAAP and international accounting and solvency developments and convergence projects, such as the U.S. Solvency Modernization Initiative and International Financial Reporting Standards.

Here's what you'll be doing:

-Influence developing actuarial regulatory matters through involvement in industry trade association committees or work groups and/or through direct advocacy working with the government relations department

-Attend relevant regulator meetings and conference calls and report internally on key developments

-Participate in professional activities supporting sound regulatory reform through organizations such as the AAA and SOA

-Work with the Appointed Actuary, actuarial leadership of the divisions, and company management to develop company positions on actuarial regulatory matters

-Provide experienced resource and leadership to the insurance divisions in conducting impact studies or actual implementations related to new valuation methodologies.

-Increase the company's intellectual capital through research and internal presentations on relevant topics related to emerging valuation methods such as fair value of liabilities, risk -margins in reserves, etc.

-Provide general corporate resource for enterprise risk management / corporate actuarial initiatives and special projects.

Factors for success:

-Fellow of the Society of Actuaries (FSA) & Member of the American Academy of Actuaries (MAAA).

-Significant (7-10 years) knowledge of and experience with individual life insurance and annuity product designs and features; valuation, nonforfeiture and life insurance company capital requirements; statutory and GAAP financial reporting; financial modeling and asset adequacy analysis.

-Strong ability to faciliate discussions with leaders about complex issues that impact the company; exceptional ability to influence leaders/decision-makers

-Demonstrated experience leading complex, long-term projects

-Ability to develop actuarial models and governance

Join the Pacific Life team and watch your career grow! We offer competitive pay/ bonus program and a comprehensive benefits package including:

•Medical/dental coverage

•TWO retirement plans:

-401k retirement plan with company match

-Company-paid Retirement Benefit Account

(Company contributes 4% up to taxable wage base and 8% over to IRS compensation maximum)

•Vacation/holiday pay

•Medical and dependent care flexible spending accounts

•And much more!

Company

Pacific Life Insurance Co

Job Code

State or Province

California

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