Senior Actuary (FSA) - Annuity Product Development

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 Consumer Markets Division Annuity Product Development team in Newport Beach, CA or Omaha, NE. This role is on-site 4 days a week. You’ll work at our state-of-the-art Newport Beach headquarters or modern Omaha office. If you are not currently located near one of our offices, you will be required to relocate.

As a Senior Actuary you’ll play a key role in Pacific Life’s growth and long-term success through the development of new products and maintenance of existing products within CMD’s Annuity Business. We are looking for a collaborative team player who can handle multiple projects whilst managing stakeholder expectations - balancing both profitability and competitiveness within our annuity product suite.

How You’ll Help Move Us Forward

• Balance product profit, risk, and market competitiveness; test creative solutions to challenges encountered in product design, pricing, and implementation process.
• Support new product design and pricing following existing profit and risk management guidelines and procedures.
• Run pricing models covering all major product types: Registered Index-Linked Annuities, Variable annuities, Fixed-Indexed annuities, Index-Linked Variable annuities, and Fixed annuities as part of the semi-annual product suite repricing.
• Analyze pricing results to extract notable drivers of results/trends and suggest actions in response to results.
• Effectively communicate analysis in a way that is appropriate for intended audience.
• Challenge the status quo of current tools and processes. Continuously identify areas for improvement and propose/engineer solutions to enhance and streamline.
• Collaborate with other stakeholders (e.g., product strategy, product innovation, sales & distribution, finance & risk, investment) to help develop solutions to better support our growing product development needs.
• Provide guidance and expertise to junior staff members on the team.
  
  

The Experience You Bring

• Bachelor’s Degree in Actuarial Science, Mathematics, or similar field.
• FSA designation required
• Previous experience with Actuarial Modeling Software (e.g. Prophet, MoSes, Turbo etc.) and proficiency in Microsoft Excel.
• Excellent written and verbal communication. Ability to present complex information in a clear and concise manner to various audiences.
• Self-starter with strong organizational, time management, and interpersonal skills.
• Ability to work both independently and collaboratively as part of a team and manage long-term projects.
  
  

What Makes You Stand Out

• Effectively managing multiple projects and deliverables simultaneously.
• A natural curiosity to discover root drivers of profit and risk.
• Perform detail-oriented analysis to substantiate reasonability of results.
• Experience with Life and Annuity products, or asset and liability projections.
  
  

Ability to present recommendations and observations to senior stakeholders, technical peers, and junior actuaries.

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

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.

$163,620.00 - $199,980.00

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.