Pacific Life Insurance Company

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Valuation Actuary

at Pacific Life Insurance Company

Posted: 10/9/2019
Job Reference #: 712754
Keywords: investment

Job Description

Job Title
Valuation Actuary

Life Insurance

Job Description
Currently, we are seeking a talented Actuary to join the Life Insurance Division in Aliso Viejo, CA.
The Life Insurance Division works with financial and insurance professionals to give families and businesses the life insurance coverage needed to help meet important financial protection, wealth accumulation, and wealth preservation goals.

This Assistant Actuary position will join the team responsible for the PolySystems’ valuation modules within the Life Insurance Division.
Target level is for an Assistant Actuary with flexibility to consider candidates at other levels. Candidates who meet most but not all of the requirements are encouraged to apply.  Actual job offer and title will be based on level of experience and skillset.

  • Maintain PolySystems’ valuation modules and the end-to-end valuation process for statutory, tax and GAAP financial reporting
  • Prepare and monitor monthly valuation runs
  • Generate reports used in the quarter-end financial close
  • Analyze reserve increases and research unexpected patterns
  • Stay informed of new product developments and participate in source file testing
  • Code new products in PolySystems
  • Follow new regulatory developments, such as Principle Based Reserves and FASB Targeted Improvements
  • Implement new releases of PolySystems and perform regression testing
  • Provide detailed sample reserve calculations and other support to auditors
  • Maintain current reserve database and assist in transforming to a new platform
  • Validate Interpolated Terminal Reserve quotes for Client Services
  • Provide data for annual Actuarial Memorandum and other certifications
  • Support other actuarial functions, such as modeling, reinsurance and risk management

  • Bachelor’s degree in mathematics, finance, computer science, or related field
  • ASA designation
  • Ideally five or more years of strong technical experience, including
  • Microsoft Excel and VBA experience 
  • Database experience (Microsoft Access, SQL) 
  • Programming experience
  • PolySystems’ modules a plus
  • Excellent analytical, problem solving, and troubleshooting skills
  • Strong verbal and written communication abilities
  • Solid interpersonal capabilities 
  • Effective time management and multi-tasking skills

Req Number

Full Time / Part Time
full time

Join the Pacific Life team and watch your career grow! We offer a competitive compensation and benefits package that includes: • Competitive salary and bonus program • Medical, dental, and vision as part our commitment in investing in the health and wellbeing of our employees • Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid) • Generous vacation time and holiday pay • And much more!

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.

About Pacific Life
For more than 150 years, Pacific Life has offered innovative products and services including life insurance, annuities, and mutual funds, along with a variety of investment products, all of which provide The Power to Help You Succeed. We firmly believe each employee plays a part in our continued growth and success, and we pride ourselves in providing a work environment that is challenging, inclusive, collaborative, and results-oriented. With a powerful past and a strong future, Pacific Life offers an environment where you’re empowered to achieve your personal best. In return, we look to your passion and insight to help us grow. For additional company information, including current financial strength ratings, visit

Position Location(s)
Aliso Viejo, CA