Actuary & Director - Institutional Pricing

Pacific Life • Charlotte, NC

1d • Hybrid

About The Position

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 Actuary & Director to join our Institutional Pricing team in Newport Beach, CA, Omaha, NE, or Charlotte, NC. This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, we offer comprehensive relocation assistance. As a Actuary & Director, you’ll play a key role in Pacific Life’s growth and long-term success by leading all pricing product design activities. As a Director on the Pricing team within the Institutional Division (ID), you will play a key role in Pacific Life's growth and long-term success. You will be responsible for the pricing of new products rollouts in our Defined Contribution Lifetime Income (DCLI) and Stable Value (SV) products. This is an individual contributor role. How you will make an impact: Pricing for DCLI and SV; oversee product pricing activities for the pricing team including building pricing models, setting pricing assumptions and performing analysis or duties that require pricing expertise Partner with Product to develop and price new products, support product implementation, execute project plan with on time high quality deliveries. Stay current with all regulatory changes and other new pricing or risk management developments that could impact our product lines. Ensure pricing adheres to product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secures all required product approvals. Collaborate with all stakeholders, including product, investment management, valuation, risk management, legal, and operations, to balance competitiveness, profitability, and risk for the products being priced

Requirements

• FSA designation in the Society of Actuaries
• Ability to research and generate creative solutions on various product related issues
• Strong communication skills to present business solutions in a clear and concise manner and to collaborate effectively with actuarial and non-actuarial partners
• Ability to lead multiple projects and meet tight deadlines with thoughtful planning and effective execution
• An interest in leading and mentoring others

Nice To Haves

• Expertise in Annuities and/or Stable Value products
• Strong research/analytic capability and innovative thinking
• Experience of managing projects that focus on delivering solutions for customers
• Leadership qualities that promote collaboration and teamwork
• Organizational skills that promote effectiveness with managing timelines
• Strong communication skills that allow abilities to explain technical actuarial items in easy-to-understand presentations to non-actuarial audiences

Responsibilities

• Pricing for DCLI and SV
• Oversee product pricing activities for the pricing team including building pricing models, setting pricing assumptions and performing analysis or duties that require pricing expertise
• Partner with Product to develop and price new products, support product implementation, execute project plan with on time high quality deliveries.
• Stay current with all regulatory changes and other new pricing or risk management developments that could impact our product lines.
• Ensure pricing adheres to product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secures all required product approvals.
• Collaborate with all stakeholders, including product, investment management, valuation, risk management, legal, and operations, to balance competitiveness, profitability, and risk for the products being priced

Benefits

• 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
• You Can Be Who You Are We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees