Actuary & Director - Enterprise Reinsurance

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job; it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own. You’ll play a key role in Pacific Life’s growth and long-term success by leading major reinsurance activities. You will fill an existing role that sits on our Ceded Reinsurance team, consisting of about 15 individuals. Your colleagues will include both fully credentialed and student actuaries, as well as finance and operations professionals. This team enjoys a collaborative environment where we work together to deliver reinsurance solutions to the entire Pacific Life organization.  This is a highly visible role, working with external reinsurance partners and a variety of internal senior stakeholder groups. We are actively seeking a talented Actuary & Director to joining our Enterprise Reinsurance team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance. Responsibilities include: Serve as key business development contact with external reinsurance relationships.  Work directly with executive leadership at our 3rd party reinsurance partners. Manage reinsurance relationships and communication for new business and inforce discussions, focused on new partnership opportunities. Operate as key reinsurance contact for internal business partners, identifying opportunities where reinsurance can help support business strategy execution.  Collaborate with Product Design and Pricing, Underwriting, Risk Selection, and other functional areas to engage the Reinsurance Team at critical points. Lead and direct the analysis and execution of new reinsurance arrangements, aligning with business strategy across the Pacific Life enterprise. Negotiate rates and/or structures, as well as contract terms with reinsurers, working closely with the Reinsurance Administration team to implement new treaties. Model and analyze complex reinsurance transactions and make strategic recommendations. Oversight of inforce reinsurance programs, with focus on historical and projected financial performance of programs and any implications on future partnerships. Understand downstream impacts of potential transactions and explain to various stakeholders across legal, tax, and accounting, with understanding of impact across multiple accounting bases and jurisdictions including but not limited to US GAAP and Stat as well as Bermuda. Provide actuarial review and analysis for quarter-end settlements and financial reporting through clear understanding of accounting implications of various structures. Management of captive program, including capitalization, review of financials, perform asset adequacy testing support, and supporting regulatory and auditor reviews. Serve as reinsurance subject matter expert for partner areas, including Modeling and Valuation. Monitor insurance and reinsurance market conditions, develop solutions to address shifts, and gain buy-in to recommendations from senior management. Coordinate reinsurance needs with enterprise projects. The Experience You Will Bring: Fellow of the Society of Actuaries (FSA), or Career Associate of the Society of Actuaries (ASA) designation. 10+ years of life insurance, annuity, and/or reinsurance experience.  Prior experience with reinsurance preferred. Strong influencing and negotiation skills and ability to work