Actuary & Director (FSA), Model Risk Management

Actuary & Director, Model Risk Management

Pacific Life is seeking an experienced actuary to serve as Director of Model Risk Management. The role will be on‑site 4 days per week and work from home 1 day per week in one of our offices in Newport Beach, CA;
Omaha, NE; or Charlotte, NC. If the candidate is not currently located near one of these offices, comprehensive relocation assistance is offered.

• Lead second‑line model risk oversight for Life insurance models across financial reporting, product development, forecasting, and related model uses.
• Work directly with business leaders, model developers, and risk committees to assess whether models are fit for purpose.
• Provide clear, practical recommendations to owners, senior leaders, and risk committees.
• Raise the bar on methodologies and assumptions by challenging practices, identifying potential risk areas, and driving meaningful improvements.
• Deliver expert guidance on efficient modeling techniques and robust governance practices to strengthen model risk management.
• Collaborate with cross‑domain subject experts to understand and impact the business more holistically and help advance Pacific Life’s model risk framework and practices.
• Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.

• 8+ years of actuarial experience with an FSA designation.
• Deep experience in Life products, including actuarial modeling, financial reporting, forecasting, pricing, or economic valuation.
• Ability to constructively challenge technical work and influence senior leaders and technical teams.
• Experience reviewing, validating, developing, or testing complex actuarial models.
• Strong communication skills, including the ability to explain complex modeling issues in clear business language.
• Strong project leadership, judgment, and stakeholder management skills.

• Experience with Prophet.
• Familiarity with emerging AI tools and advanced analytics.
• Experience building validation, replication, or challenger models.

Salary ranges vary by location:

• Newport Beach, CA: $203,760 – $249,040
• Omaha, NE: $175,950 – $215,050
• Charlotte, NC: $185,220 – $226,380

The base pay range 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 depend on several factors, including but not limited to experience, qualifications and geographic location. Additionally, most employees are eligible for incentive pay.

• Medical, Dental, Vision and Wellbeing Reimbursement Account for employees and eligible dependents.
• Generous paid time off options, including Paid Time Off, Holiday Schedules, and Financial Planning Time Off.
• Paid parental leave and an Adoption Assistance Program.
• Competitive 401(k) savings plan with company match and an additional contribution regardless of participation.

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.