Job Description
Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Sr. Data Science Lead to join our Enterprise Risk Management team in Newport Beach, CA to manage the risk analytics activities across the company
Pacific Life seeks to strategically and profitably grow our business through diverse product offerings across global geographies, as a direct writer (through the Consumer Market Division, Institutional Division and Workplace Benefit Division) and as a reinsurer/retrocessionaire (through the international reinsurance division Pacific Life Re). This provides a unique opportunity to consider and connect multiple perspectives in creating a consistent view of risks and the business implications.
To support Pacific Life’s digital first and data driven insights and decision-making strategy, you will work with stakeholders and analytics practitioners across the enterprise to manage the risks in the development and implementation of data analytics strategy including accelerated underwriting, experience study, assumption development, economic capital, reinsurance and emerging regulatory requirements on the use of AI, etc.
Note: Candidates who meet most but not all requirements are encouraged to apply. Actual job title and offer will be based on experience and skillset.
How You Will Make An Impact
• Responsible for the research and development (R&D) of risk quantification, i.e. Economic Capital(EC) and Value of New Business(VBN), in pricing, valuation and capital management. Develop consistent tail stress calibration, risk aggregation and diversification through collaboration with cross-functional & cross-divisional teams.
• Responsible for second-line effective challenge and oversight of assumption development, reinsurance, counter-party analysis, etc. as assigned, including the effective use of predictive analytics.
• Support the execution of the Corporate Strategic Objectives, balancing data, analytics and business considerations, to deliver sound and practical solutions.
• Support the aggregate risk monitoring, partner with divisions to drive data strategy and process automation to achieve timely risk reporting.
• As a trusted data science expert, support business strategy and execution through consultative engagements
The Experience You Will Bring
• Hands-on experience in developing data science models with successful deployment
• Advanced degree in quantitative fields (e.g. Statistics, Machine Learning)
• Expert in at least one statistical learning tool and object oriented language (e.g. R)
• 10+ years of experience in insurance/reinsurance industry, in functional areas such as experience studies, assumption development, capital management, reinsurance, etc. across multiple lines of business
• Demonstrated courage in effective challenges with both solid analysis and business acumen to drive practical solutions
• Self-starter with a continuous improvement mindset. Manages ambiguity, exhibits courage, can work effectively with and influence different levels of the organization and across business lines.
• Strong visual communication skills to tell “the story” with right level of details for a wide range of audiences.
What Will Make You Stand Out
• Actuarial credentials such as FSA or equivalent
Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.
Base Pay Range
The base pay range noted 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 be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$189,180.00 - $231,220.00
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
• 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
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
