Actuary & Director, PRT Pricing

Pacific Life • Newport Beach, NC

22h • Hybrid

About The Position

Pacific Life is seeking a Director – PRT Pricing to lead pricing across the end-to-end Pension Risk Transfer (PRT) lifecycle. The role oversees transaction pricing and deal execution while working across pricing frameworks and assumptions, mortality and experience analysis, asset-liability management (ALM) and reinvestment, and pricing operations. The Director owns cases from start to finish, balancing execution and senior review responsibilities while managing a transaction portfolio and related project work.

The role works collaboratively with teams across the Institutional Division and enterprise, including Sales, Product, Risk, Enterprise Modeling, Investments, Enterprise ALM, and Valuation. It sits on a 15-person PRT Pricing team in a fast-paced, evolving market and uses a matrixed approach to resource management. The Director will develop and apply methodologies for complex or unfamiliar pricing problems, manage pricing governance and documentation, develop team members, and lead process improvements, automation, and AI-enabled initiatives.

The position is on-site four days per week and work from home one day per week in Newport Beach, California; Omaha, Nebraska; or Charlotte, North Carolina. The listed base salary range varies by location: $203,760–$249,040 in Newport Beach, $175,950–$215,050 in Omaha, and $185,220–$226,380 in Charlotte. Employees may also be eligible for additional incentive pay.

Requirements

• FSA or EA designation.
• At least 6 years of related experience in actuarial pricing and product development.
• Direct experience with Pension Risk Transfer or annuity products.
• Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or a related field.
• Strong management, team-building, and communication skills.
• Excellent project management and business partnering abilities.
• Demonstrated ownership of end-to-end initiatives, including resourcing decisions and accountability for delivery risk.
• Track record of designing and implementing solutions where no established process existed and driving them to adoption.
• Ability to understand the big picture and mobilize initiatives in ambiguous situations.
• Comfort moving between technical disciplines and quickly learning unfamiliar subject matter.
• Proficiency in Microsoft Excel and Prophet.

Nice To Haves

• FSA or EA with 10 or more years of actuarial experience.
• Prior experience with PRT transaction pricing, including deferred, cash balance, lump sum, and buy-in structures.
• Experience leading mortality experience analysis in PRT or other business lines, including developing and applying analytical tools and methodologies and communicating executive-ready insights.
• Thought leadership and a continuous-improvement mindset focused on sustainability and scalability.
• Ability to multitask amid shifting priorities and tight deadlines while remaining composed and flexible with urgent requests.
• 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, the Prophet Asset Liability Strategy Library, Alteryx, and R.

Responsibilities

• Lead transaction pricing, assumption setting, and bid execution for PRT deals across retiree, deferred, and buy-in structures, ensuring alignment with enterprise risk appetite and profitability goals.
• Own the full pricing process for cases, acting in both execution and senior reviewer capacities and maintaining quality, consistency, and accountability.
• Manage a portfolio of transactions alongside project work, adjusting to capacity and complexity needs.
• Build and apply working depth across pricing frameworks and assumptions, mortality and experience analysis, ALM and reinvestment strategy, and pricing operations.
• Develop and apply methodologies for complex or ambiguous pricing problems, including structures or provisions not previously priced.
• Own assumption updates end to end and explain methodology decisions, simplifications, and model limitations to technical and executive audiences.
• Anticipate stakeholder hurdles and facilitate alignment and decision-making across Sales, Capital, Reinsurance, Investments, Valuation, and Risk.
• Hire, assess, and develop actuaries, actuarial students, and pricing analysts; define responsibilities, delegate appropriately, and support cross-training and continuity.
• Own the pricing control environment, ensuring compliance with standards, documentation, and regulatory support requirements.
• Champion new ideas and lead initiatives from ideation through execution, including automation and AI-enabled improvements.
• Influence working norms and process improvements across the PRT team.

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.
• Additional incentive pay may be available to eligible employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Director