Senior Actuary (FSA) - Life Product Management

Pacific Life • Newport Beach, CA

13d • Hybrid

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 Senior Actuary to join our Life Product Management in Newport Beach, CA, Omaha, NE or Toronto, Canada. This opportunity 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 comprehensive relocation assistance. As a Senior Actuary you’ll manage life products currently sold to ensure that the marketability, profit, and risk balance continues throughout the product’s lifetime, and products continue to meet the pricing guidelines. You will be collaborating with technical & non-technical audiences within and outside the Product Development department. You will develop an understanding of the product profitability and risk profile across all life product lines.

Requirements

• 6+ years of actuarial working experience in a financial institution or insurance company.
• FSA designation
• Bachelor’s degree in Actuarial Science, Mathematics, or a related field
• Strong quantitative, analytical, organizational and time management skills.
• Effective communication skills to present business solutions in a clear and concise manner.

Nice To Haves

• Experience with Prophet, MoSes or similar actuarial software is a plus.
• Working knowledge of life products.
• Strong working knowledge in Microsoft Excel; experience with Tableau dashboard, Power BI is a plus.
• Attention to detail; well organized with ability to multi-task.

Responsibilities

• Be responsible for the quarterly business reporting (QBR) analysis, perform technical review of the quarter over quarter changes, present results in Pricing meetings and other platforms.
• Regular and accurate pricing updates of life insurance products, reflecting current economic, competitive, investment, risk management, and experience assumptions.
• Provide line of sight to management on key drivers of profitability and identify drivers of change to pricing results.
• Interact with Risk Management, Valuation, Sales and Marketing to ensure the enterprise-wide view is considered when setting and implementing the department’s strategies.
• Perform analysis on sales and capital projections, manage profitability under different pricing metrics including statutory, economic and other potential frameworks.

Benefits

• Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 1,001-5,000 employees