Director & Actuary - Institutional Pricing

Job Description:

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 Director & Actuary to join our Institutional Pricing team in Newport Beach, CA or Omaha, NE.

•    This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

As a Director & Actuary, you’ll play a key role in Pacific Life’s growth and long-term success by leading all pricing product design activities. You will be responsible for the pricing of new product rollouts in our Defined Contribution Lifetime Income (DCLI) market.
How you will make an impact:

• Lead pricing for DCLI Institutional products; oversee product pricing activities for the pricing team and perform analysis or duties that require pricing expertise.

• Partner with Product to develop and price new products, support product implementation, execute project plans with on-time high quality deliveries.

• Stay current with all regulatory changes and other new pricing or risk management developments that could impact our product lines.

• Ensure pricing adheres to product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secures all required product approvals.

• Collaborate with all stakeholders, including product, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk for the products being priced.

• Work with a small team of support staff to grow talent and provide development advice and support.

The experience you will bring: 

• FSA designation in the Society of Actuaries.

• Ability to research and generate creative solutions on various product-related issues.

• Strong communication skills to present business solutions in a clear and concise manner and to collaborate effectively with actuarial and non-actuarial partners.

• Ability to lead multiple projects and meet tight deadlines with thoughtful planning and effective execution.

• An interest in leading and mentoring others.

What will make you stand out: 

• Strong research/analytic capability and innovative thinking.

• Experience of managing projects that focus on delivering solutions for customers.

• Leadership qualities that promote collaboration and teamwork.

• Organizational skills that promote effectiveness in managing timelines.

• Strong communication skills that allow the ability to explain technical actuarial items in easy-to-understand presentations to non-actuarial audiences.

You can be who you are.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
 

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Base Pay Range:

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$198,810.00 - $242,990.00

Your Benefits Start Day 1  
 

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

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.