Actuary & Director - Capital Risk Management

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

We’re actively seeking a talented Actuary & Director - Capital Risk Management to join our Risk Management team in Newport Beach, CA. 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.

As Actuary & Director - Capital Risk Management, you’ll move Pacific Life, and your career, forward by supporting the ongoing development and execution of a comprehensive and robust financial risk management framework that connects the company's core strategic objectives to its daily execution across pricing, capital management, liquidity management, and others. This is a high-impact role balancing technical and strategic capabilities to turn a complex risk environment into clear frameworks that shape how the company allocates capital, prices risks, and remains resilient to stress environments in order to serve the purpose of providing confidence for generations.

You will lead and evolve the company's Economic and Capital Stress Testing Frameworks, partnering with stakeholders across functions, global offices, and legal entities to maintain robust frameworks that influence real actions. You will be filling an expanded role on the Capital and Liquidity Risk team that includes fellow actuarial and risk management professionals in Newport Beach and internationally. This is an individual contributor role that relies on deep subject‑matter expertise to provide thought leadership, influence outcomes, and mentor others across the organization.

How you’ll help move us forward:

• Lead the development and maintenance of the Company's Capital Stress Testing Framework

• Support updates to the Economic Framework through cross-functional collaboration and development of working methodology examples

• Perform thorough review of results associated with capital stress testing and economic capital, including providing effective challenge as appropriate to ensure consistent application of the principles of each framework across the Company's global businesses

• Partner with 1st line teams to drive consistent application of the Economic Framework and Capital Stress Testing Framework with thoroughly documented standards of implementation

• Translate complexity into clear takeaways for senior audiences including the Enterprise Risk Committee and Board Investment & Finance Committee, provisioning capital stress testing analysis and key drivers of capital exposure

The experience you bring:

• 10+ years of relevant experience in the life insurance or reinsurance industry

• Fellow of the Society of Actuaries (FSA) or equivalent actuarial qualification

• Education: Bachelor’s in actuarial science, mathematics, statistics, computer Science, or related field.

• Strong technical understanding of multiple insurance and reinsurance product types across regulatory and economic valuation and capital frameworks

• Excellent analytical and problem-solving skills

• Strong communication skills

• Demonstrated ability to drive forward cross-functional initiatives

• Technical ability and confidence to provide thorough effective challenge when reviewing capital-related results and framework updates

What makes you stand out:

• Prior experience in enterprise risk management, capital management, or asset liability management function

• Strategic mindset with intellectual curiosity

• Willingness to challenge the status quo

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.

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.