Senior Actuary (FSA) - Life Pricing
About The Position
Pacific Life is seeking a talented Senior Actuary to join their Life Insurance Pricing team. This role is hybrid, requiring 4 days in the office and 1 day remote, and is located in Newport Beach, CA, Omaha, NE, or Charlotte, NC. The position is a new role within a team of 20 people in the Consumer Market division, collaborating with actuaries and analysts with diverse expertise. The team operates in a fast-paced and evolving market, valuing professional judgment, nimble learning, and technical expertise. The Senior Actuary will play a key role in important initiatives for the life insurance business, working closely with Pricing and Product Development, Risk Management, Modeling, and Sales.
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
- Experienced in the development of life insurance products and a self-starter with a strong technical background
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
- Medical, Dental, Vision
- Wellbeing Reimbursement Account
- Generous paid time off options
- Paid Time Off
- Holiday Schedules
- Financial Planning Time Off
- Paid Parental Leave
- Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
- Relocation assistance
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What This Job Offers
Job Type
Full-time
Career Level
Senior
