Risk Management Actuary
Posted on: 7 Jul 2021
Lynchburg, VA
Job Description
How you will make an impact:
Maintain and run the quarterly risk projections model that projects GAAP and Statutory balance sheets and income statements under various capital market and economic scenarios.
Provide support in the Division’s annual VA strategic plan, with ownership of models and analysis of results.
Effectively communicate the key drivers to management.
Evaluate financial impacts of assumption changes and general modeling enhancements on risk management projections.
Support various VA risk management responsibilities, including assessment of potential risk mitigation approaches or hedging strategies.
Assist with the development, maintenance, and documentation of financial models and modeling processes in support of the Division’s evolving VA risk management needs. Identify areas of potential improvements and recommend/implement solutions with emphasis on innovation, efficiency, and governance.
The experience you will bring:
4-6+ years of actuarial experience
4-year college degree in actuarial science or related field
ASA required; FSA strongly preferred
Insurance industry experience - annuities, life insurance, or pension products.
Ability to multi-task and is detail oriented
Takes initiative with strong problem-solving skills
What will make you stand out:
Solid understanding of variable annuities, including product features, US GAAP and Statutory accounting methods, economic capital, pricing, and/or other risk metrics.
Working knowledge in equity and fixed income derivatives commonly used for VA hedging.
Experience with Alteryx or Tableau
Pacific Life Insurance
Newport Beach, CA
Pacific Life Insurance Company is an American insurance company providing life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life also counts more than half of the 100 largest U.S. companies as clients. They currently have over 15,600 agents licensed to sell insurance, just in the state of California.
We are a strong and stable company that has been helping clients achieve their life goals for more than 150 years. That power, captured in our brand icon—the humpback whale—is at the core of our brand. Strength, performance, and protection.
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IndustryInsurance
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No. of Employees3,578
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Website
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Jobs Posted21
