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 offers comprehensive relocation assistance for those not currently located near an office. The Senior Actuary will play a key role in important initiatives for the life insurance business, collaborating closely with Pricing and Product Development, Risk Management, Modeling, and Sales teams within the Consumer Market Division and across the enterprise. The Life Pricing team operates in a fast-paced and evolving market, valuing professional judgment, nimble learning, and technical expertise.
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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
