Senior Actuary - Life Product Management

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 Senior Actuary to join our Life Product Management in Newport Beach, CA, or Omaha NE.
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.

How you’ll help move us forward:

• 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.

The experience you bring:

• 6+ years of actuarial working experience in a financial institution or insurance company.

• Requires a 4-year Math degree or equivalent experience.

• Has an FSA designation.

• Strong quantitative, analytical, organizational and time management skills.

• Effective communication skills to present business solutions in a clear and concise manner.

What makes you stand out:

• 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.

You can be who you are.

People come first here. We’re committed to an inclusive workforce. Learn more about how we create a welcoming work environment at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife. 

#LI-MT1
 

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.

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.