Senior Actuary (FSA), ALM Strategy & Optimization

Pacific Life • Newport Beach, CA

1d • Hybrid

About The Position

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.

Requirements

• 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

Nice To Haves

• 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

Responsibilities

• 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

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed