Providing financial security for our policyholders—whether through retirement planning, income protection, or wealth accumulation—is at the core of what we do. To deliver on that promise, we must continuously evolve and enhance our actuarial modeling capabilities. That’s why we’re seeking a talented Assistant Vice President, New Business Model Development to join our Enterprise Modeling team. Reporting to the VP, Enterprise Modeling, this role will lead the development and enhancement of new business models across various product lines, ensuring they are aligned with best practices in pricing, risk assessment, and actuarial modeling. This position offers a unique opportunity to drive innovation in modeling, foster collaboration between teams, and play a key role in Pacific Life’s transformation initiatives. How You’ll Help Move Us Forward: Lead a team of model developers focused on development and refinement of new business actuarial models, ensuring they are optimized and aligned with business goals and pricing guidelines. Lead efforts to reconcile and align pricing software with Prophet models used for financial reporting. Support all modeling needs for Quarterly Business Reports (QBR) and ensure models are in a controlled environment. Accountable for pricing modeling strategy, standards, and oversight across actuarial modeling platforms (pricing and valuation). Collaborate closely with Product Development, Enterprise Actuarial, and Risk teams to ensure accurate modeling of new products. Enhance model governance by implementing strong controls, validation frameworks, and documentation standards. Drive efficiencies in model implementation, focusing on standardization and consistency across different product lines. Implement modern CI/CD processes to improve model deployment. Partner with IT and Data teams to optimize data integration and automation within new business reporting. Identify opportunities for process improvements, leveraging technology to streamline workflows and enhance decision-making. Support model transition efforts, ensuring seamless handovers from pricing model development to inforce model. Provide leadership and mentorship to modeling team members, fostering skill development and knowledge sharing. The Experience You Bring: Demonstrated leadership skills. Bachelor’s degree in actuarial science, mathematics, finance, engineering, computer science, or another quantitative related field is preferred. FSA (must); CERA (a plus). 10+ years of actuarial experience, preferably with life and annuities; PRT experience is a plus. Experience with Stat and GAAP valuation requirements, financial reporting, and accounting principles. Exceptional quantitative, analytical, and problem-solving skills. Skilled in SQL, EssBase, Python, R, MatLab, Tableau, Neural Net models, and cloud computing a plus.
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