Actuary & Director, Institutional Pricing
About The Position
Pacific Life is seeking a Director & Actuary to lead pricing product design activities for its Institutional Pricing team. The role focuses on pricing new product rollouts in the Defined Contribution Lifetime Income (DCLI) market. It is onsite four days per week and remote one day per week, based in Newport Beach, California; Omaha, Nebraska; or Charlotte, North Carolina. Relocation assistance is offered to candidates who are not currently near one of the offices. The Director & Actuary leads pricing initiatives for DCLI Institutional products, oversees the pricing team’s activities, and performs work requiring pricing expertise. The role partners with Product on developing and pricing new products, supporting implementation, and delivering project plans on time and to a high standard. It also monitors regulatory and pricing or risk-management developments, ensures pricing meets guidelines, regulatory requirements, and internal profit and risk governance standards, and secures required product approvals. The position collaborates with product, investment management, valuation, risk management, legal, and operations stakeholders to balance product competitiveness, profitability, and risk.
Requirements
- At least 8 years of actuarial experience, typically including management experience.
- FSA designation from the Society of Actuaries.
- Ability to research and generate creative solutions to product-related issues.
- Strong communication skills to present business solutions clearly and concisely and collaborate effectively with actuarial and non-actuarial partners.
- Ability to lead multiple projects and meet tight deadlines through thoughtful planning and effective execution.
- Interest in leading and mentoring others.
Nice To Haves
- Strong research and analytical capability and innovative thinking.
- Experience managing projects focused on delivering customer solutions.
- Leadership qualities that promote collaboration and teamwork.
- Organizational skills that support effective timeline management.
- Strong communication skills to explain technical actuarial topics in understandable presentations to non-actuarial audiences.
Responsibilities
- Lead pricing initiatives for DCLI Institutional products and oversee product pricing activities for the pricing team.
- Perform analysis and other duties requiring pricing expertise.
- Partner with Product to develop and price new products, support implementation, and execute project plans with timely, high-quality delivery.
- Stay current with regulatory changes and pricing or risk-management developments that may affect product lines.
- Ensure pricing follows product pricing guidelines, regulatory requirements, and internal profit and risk governance standards, and secure required product approvals.
- Collaborate with product, investment management, valuation, risk management, legal, and operations stakeholders to balance competitiveness, profitability, and risk.
Benefits
- Medical, dental, and vision coverage.
- Wellbeing Reimbursement Account for the employee or eligible dependents.
- Paid time off, holiday schedules, and Financial Planning Time Off.
- Paid parental leave.
- Adoption assistance.
- 401(k) savings plan with company match and an additional company contribution regardless of participation.
- Additional incentive pay eligibility for most employees.
- Relocation assistance.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
