Actuary & Director, Institutional Pricing

Pacific Life • Newport Beach, CA

6d • Hybrid

About The Position

Pacific Life is seeking a Director & Actuary to lead pricing product design activities for its Institutional Pricing team, with responsibility for pricing new product rollouts in the Defined Contribution Lifetime Income (DCLI) market. The role is based on-site four days per week and remote one day per week 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 product pricing activities, and performs work requiring pricing expertise. The role partners with Product to develop and price new products, support implementation, and deliver project plans on time and at high quality. It also monitors regulatory changes and pricing or risk-management developments, ensures pricing meets applicable guidelines and regulatory, profit, and risk-governance standards, and secures required product approvals. The role collaborates with product, investment management, valuation, risk management, legal, and operations stakeholders to balance competitiveness, profitability, and risk.

The successful candidate brings substantial actuarial experience and an FSA designation, along with research, communication, project leadership, and mentoring capabilities. Pacific Life states that benefits begin on the first day of employment and offers a range of health, wellbeing, paid leave, parental, adoption, and retirement benefits.

Requirements

• At least 8 years of actuarial experience; experience typically includes management.
• 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.
• Ability to explain technical actuarial topics in clear, easy-to-understand presentations for non-actuarial audiences.

Responsibilities

• Lead pricing initiatives for DCLI Institutional products.
• Oversee product pricing activities for the pricing team and perform analysis or other duties requiring pricing expertise.
• Partner with Product to develop and price new products and support product implementation.
• Execute project plans and deliver work on time and at high quality.
• Stay current with regulatory changes and pricing or risk-management developments that could affect product lines.
• Ensure pricing complies with product pricing guidelines, regulatory requirements, and internal profit and risk-governance standards.
• Secure all required product approvals.
• Collaborate with product, investment management, valuation, risk management, legal, and operations stakeholders to balance product competitiveness, profitability, and risk.
• Lead and mentor others.

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 program.
• 401(k) savings plan with company match and an additional company contribution regardless of participation.
• Relocation assistance.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed