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Senior Actuarial Analyst
Pacific Life
Newport Beach, CA, United States
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Job Description
POSITION SUMMARY:
This position participates in the company’s actuarial student rotation program, and it is on the Variable Annuity (VA) Hedge Strategy team. Our team is responsible for developing, executing, reporting and simulating hedge strategies supporting the Retirement Solutions Division's (RSD) VA block.
Functions:
•Assist with development, maintenance and documentation of financial models to simulate future VA hedging results for all Division and Corporate modeling needs
•Create, distribute and explain model inputs needed to simulate future VA hedging
•Assist in developing and implementing innovative hedging strategies to effectively manage complex exposures that combine Actuarial, Financial, and Capital Market risks
•Provide support to evaluate potential hedging strategies including current and projected financial impacts
•Perform day-to-day operations and analysis of the VA hedging program in an efficient, timely and error-free manner
•Effectively communicate hedging concepts and performance attribution results during weekly hedging review meetings
•Maintain active status in actuarial student program
FACTORS FOR SUCCESS:
•Bachelor degree in actuarial science, finance, mathematics or related field or equivalent work experience
•Passed 2-4 exams toward the ASA designation
•1+ years of actuarial experience in life insurance industry, annuities preferred
•Strong organizational, communication and interpersonal skills
•Ability to multi-task and is detail oriented
•Ability to work independently and collaboratively as part of a team
•Experience with Excel, VBA, and databases
•Creativity and initiative in designing and improving processes
•Experience using MoSes or another actuarial modeling software is a plus