Actuary & Director, Life Insurance Pricing
About The Position
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. We’re actively seeking a talented Actuary & Director to join our Life Insurance Pricing 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. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office. As an Actuary & Director - Life Pricing you’ll move Pacific Life, and your career, forward by playing a key role in Pacific Life’s growth and long-term success by leading product development initiatives for our life insurance business. You will work closely and collaboratively with numerous areas including Pricing and Product Development, Risk Management, Modeling and Sales within the Consumer Market Division and across the enterprise. You will fill a new role that sits on a team of 20 people in the Consumers Market division. Your colleagues will include actuaries and analyst which have a wide range of expertise. The Life Pricing team works in a fast paced and evolving marketspace, and we value professional judgement, nimble learning, and leadership skills.
Requirements
- FSA with 10+ years of related experience in actuarial pricing and product development.
- Direct experience developing life insurance products.
- Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field.
- Strong management, team-building, and communication skills.
- Excellent project management and business partnering abilities.
- Proven leadership with a strong sense of urgency.
- Ability to understand the big picture and mobilize initiatives in ambiguous situations.
- Proficiency in Microsoft Excel.
Nice To Haves
- FSA with 10+ years of actuarial experience.
- Prior experience developing life insurance products.
- Thought leader with a mindset focused on continuous improvement, sustainability, and scalability.
- Ability to multitask with shifting priorities under tight deadlines.
- Self-starter with strong analytical skills and attention to detail.
- VBA coding experience and proficiency in related programming languages.
- Experience with actuarial modeling and statistical analysis programs, particularly Prophet and R, MG-ALFA, GGY-AXIS
- If you have experience in the development of life insurance products and are a self-starter with a strong technical background and experience leading a team, you would make a great fit for this role.
- Candidates who meet most but not all requirements are encouraged to apply.
Responsibilities
- Lead and develop a pricing team; oversee product pricing activities for the pricing team and perform analysis or duties that requires pricing expertise.
- Lead product pricing, 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 product development follows product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secure all required product approvals.
- Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk for the products being priced to deliver leading edge life insurance products.
- Work with a team of support staff to grow talent and provide development advice and support.
Benefits
- Comprehensive relocation assistance
- Medical, Dental, Vision
- Wellbeing Reimbursement Account
- Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
- Paid Parental Leave
- Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
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What This Job Offers
Job Type
Full-time
Career Level
Director
