Senior Actuary, Model Risk

Job Description:

Pacific Life is seeking a Senior Actuary, Model Risk Management to join our team in Newport Beach, California.

This hybrid role is a strong fit for an experienced actuary who wants broad exposure across life, annuities, institutional, and workforce benefits businesses. You will lead independent model reviews, challenge complex actuarial models, and present conclusions to model owners and senior leaders.

This role will report to the AVP of Model Risk Management and offers visibility across Pacific Life’s products and functions.

How you will make an impact:

• Lead comprehensive reviews across financial reporting, pricing, forecasting, and economic models, providing clear, practical recommendations to owners, senior leaders, and risk committees.
• Raise the bar on methodologies and assumptions by challenging practices, identifying material risks and driving for meaningful improvements.
• Provide expert guidance on efficient modeling techniques and robust governance practices, to bolster model risk management.
• Move across subject areas as priorities shift, working with model risk Directors and data science colleagues to strengthen the model risk framework, tools, and practices.
• Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.

The experience you will bring:

• FSA designation with at least 5 years of relevant actuarial experience.
• Hands-on experience in one or more of the following areas: life or annuity valuation, pricing, forecasting, ALM, hedging, or economic capital.
• Demonstrated experience reviewing, developing, or validating complex actuarial models.
• Strong actuarial judgment and the ability to identify material issues beyond calculation accuracy.
• Experience leading projects, managing competing priorities, and communicating conclusions to senior stakeholders.
• Proven ability to work independently and getting up to speed quickly in unfamiliar areas.

What will make you stand out:

• Experience with Prophet or other actuarial modeling platforms.
• Prior model validation or second-line risk experience.
• Coding skills (e.g., Python, R, SQL) and familiarity with emerging AI tools and predictive modeling.
• Working knowledge of principle-based reserving, LDTI, or asset adequacy testing.

Salary Range: $167,700 – $195,600 USD

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 - $204,930.00 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.

• 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.