Actuary & Director - Institutional Pricing

Job Description:

Pacific Life is investing in bright, agile, and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience.

We’re actively seeking a talented Actuary & Director to join our Institutional Pricing team in Newport Beach, CA, Omaha, NE, or Charlotte, NC. This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, we offer comprehensive relocation assistance.

As a Actuary & Director, you’ll play a key role in Pacific Life’s growth and long-term success by leading all pricing product design activities. As a Director on the Pricing team within the Institutional Division (ID), you will play a key role in Pacific Life's growth and long-term success. You will be responsible for the pricing of new products rollouts in our Defined Contribution Lifetime Income (DCLI) and Stable Value (SV) products. This is an individual contributor role.

 How you will make an impact:

• Pricing for DCLI and SV; oversee product pricing activities for the pricing team including building pricing models, setting pricing assumptions and performing analysis or duties that require pricing expertise

• Partner with Product to develop and price new products, support product implementation, execute project plan 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 competitiveness, profitability, and risk for the products being priced

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: 

• Expertise in Annuities and/or Stable Value products

• 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 with managing timelines

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

Salary Ranges per Location:

• Newport Beach, CA: $203,760 - $249,040

• Omaha, NE: $175,950 - $215,050

• Charlotte, NC: $185,220 - $226,380

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

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

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.