Job Description:
We’re actively seeking a talented Senior Actuary (FSA) to join our ALM Strategy & Optimization team in Newport Beach, CA or Omaha, NE. This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
Pacific Life is investing in analytical, innovative, and collaborative talent to help shape the future of enterprise balance‑sheet strategy. As a Senior Actuary (FSA) on the ALM Strategy & Optimization team, you'll support key strategic initiatives across economic, GAAP, statutory (including VM‑22), and Bermuda EBS frameworks. In this role, you will provide deep actuarial and financial insight to help evaluate ALM strategies, enhance asset‑liability positioning, support regulatory and capital optimization, and evolve enterprise ALM capabilities. You will work closely with partners across ALM Analytics, Hedging, Investment Strategy, IPS, Capital Management, Liquidity, Risk, and Valuation.
How You Will Make an 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
The Experience You Will Bring
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
What Will Make You Stand Out
Experience developing optimization frameworks for ALM, capital, or regulatory applications
Familiarity with designing or evaluating asset strategies in the context of regulatory constraints (VM‑22, EBS, liquidity frameworks)
Ability to work across actuarial, investment, and risk functions to challenge and refine strategic decisions
Initiative to identify improvements and drive analytical enhancements with minimal direction
Base Pay Range:
The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$167,670.00 - $204,930.00Your 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.
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
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
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.