Senior Actuary (FSA) - Life 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. W e’re actively seeking a talented Senior Actuary (FSA) to join our Life Insurance Pricing team in Newport Beach, CA or Omaha, NE. 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, you will be required to relocate; we offer generous relocation assistance. As a Senior Actuary you’ll move Pacific Life, and your career, forward by playing a key role in important 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.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, Data Science, or other related fields
- FSA designation required
- Ability to work independently and collaboratively as part of a team, and to manage long-term projects.
- Strong technical skills in actuarial modeling software and/or the ability to quickly learn new technology platforms
- Detail-oriented with excellent organizational and interpersonal skills
- Excellent analytical, problem-solving, and decision-making skills
- Ability to understand the big picture and mobilize initiatives in ambiguous situations
- Proficiency in Microsoft Excel
Nice To Haves
- 6+ years’ actuarial experience
- Experience with life insurance products and features
- Experience with actuarial modeling software (Prophet, GGY Axis, MG-ALFA, etc.)
- Knowledge of relevant regulation, including Illustration Model Regulation, Actuarial Guideline 49 (AG 49), and Standard Nonforfeiture Law
- Ability to drive discussion with senior leadership
Responsibilities
- Lead and execute end-to-end actuarial initiatives, clearly communicating results to stakeholders and senior leadership.
- Drive pricing strategy through market research, assumption setting, and collaboration with ALM, investment, and reinsurance teams.
- Own and maintain pricing models, ensuring documentation and alignment with regulatory and risk management developments.
- Provide expert-level analysis and insights, including high-level summaries and real-time metrics for leadership.
- Identify and solve complex, ambiguous problems using sound judgment and first-principles thinking.
- Mentor junior staff, provide technical guidance, and foster a positive, inclusive team culture.
- Monitor industry trends and propose strategic responses, including policy changes and innovation opportunities.
- Explore and apply emerging technologies to enhance product development and competitive positioning.
Benefits
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
