Director & Actuary - PRT 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 – PRT Pricing to join our Pension Risk Transfer Pricing team in Newport Beach, CA; Omaha NE or Lynchburg, VA.

• 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 – PRT Pricing you’ll move Pacific Life, and your career, forward by playing a key role in Pacific Life’s growth and long-term success by leading the pricing workflows for our Pension Risk Transfer (PRT) business. You will work closely and collaboratively with numerous areas including Pricing and Product Development, Risk Management, Modeling within the Institutional Division and across the enterprise. The Institutional Division is a rapidly growing and innovative Division, as such this role provides a great opportunity to continue to enhance the pricing process, think outside the box, and build oneself as an expert on the pricing of innovative products that are both novel to the company and the insurance industry. 

You will fill a new role that sits on a team of 15 people in the Institutional Division. Your colleagues will include actuaries and pricing analysts with varied backgrounds in PRT, ALM, reinsurance, mortality studies, and capital management. The PRT Pricing teams works in a fast paced and constantly evolving marketspace. We value nimble learning, decision quality, and teamwork and complete work in a matrix design to allow for the most efficient resource management.

Candidates who meet most but not all requirements are encouraged to apply. Actual job title and offer will be based on experience and skillset. 

If you are experienced in the PRT market and are a self-starter with a strong technical background and experience leading a team, you would make a great fit for this role. 

How you’ll help move us forward:

• Lead a team of actuarial students and pricing analysts through the transaction process. 

• Develop pricing and product solutions and recommend pricing assumptions for PRT. 

• Collaborate with Product and Sales teams to create strategic bidding strategies. 

• Coordinate with the post-sale implementation teams (valuation, admin, legal, and) to provide actuarial support and required business deliverables as needed.

• Complete Mortality Experience Data (MED) review and analysis, leveraging new tools and technologies where appropriate.

• Present and defend pricing results and assumption/methodology changes to key stakeholders. 

• Monitor profitability and business performance for future pricing. 

The experience you bring:

• FSA or EA with 6+ years of related experience in actuarial pricing and product development. 

• Direct experience with Pension Risk Transfer products. 

• Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field. 

• Strong management, team-building, and communication skills. 

• Excellent project management and business partnering abilities. 

• Proven leadership with a strong sense of urgency. 

• Ability to understand the big picture and mobilize initiatives in ambiguous situations. 

• Proficiency in Microsoft Excel.

What makes you stand out:

• FSA or EA with 10+ years of actuarial experience. 

• Prior experience with Pension Risk Transfer transaction pricing. 

• Thought leader with a mindset focused on continuous improvement, sustainability, and scalability. 

• Ability to multitask with shifting priorities under tight deadlines while maintaining calm composure and flexibility in handling urgent requests. 

• Self-starter with strong analytical skills and attention to detail. 

• VBA coding experience and proficiency in related programming languages. 

• Experience with actuarial modeling and statistical analysis programs, particularly Prophet and R.

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.

$193,950.00 - $237,050.00

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.