Director & Actuary - Annuity Pricing & 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 Director & Actuary to join our Annuity Product Development 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 Director & Actuary you’ll play a key role in Pacific Life’s growth and long-term success by leading a team of actuaries, including students and analysts, to develop, price, and support the launch of new annuity products that deliver high value for our customers and align with Pacific Life’s long-term strategy. You will be directly managing a team of 2 to 4 individuals on the Pricing team within the Consumer Markets Division (CMD).

How you’ll help move us forward:

• Balance product profit, risk, and market competitiveness; help develop and test creative solutions to challenges encountered in product design, pricing, and implementation processes

• Design and price products following existing profit and risk management guidelines and procedures

• Oversee and run pricing models covering all major product types: Variable annuities, Fixed-Indexed annuities, Index-Linked Variable annuities, and Fixed annuities (deferred and immediate)

• Support pricing and analysis to drive profitable growth across portfolio of actively sold retail annuity products

• Reflect on and incorporate industry, regulatory, and market trends into the product development cycle

• Synthesize and integrate data and analysis into a cohesive story that drives insights and supports business decisions and execution of our product strategy

• Collaborate with other stakeholders (e.g., product strategy, product innovation, sales & distribution, finance & risk, investment) to develop solutions that foster strategic growth

• Embody a mindset of continuous improvement to identify enhancements of tools and processes that can further facilitate and streamline pricing analysis

• Independently lead dynamic and multi-faceted projects, with responsibility to present final design, pricing, and risk to cross-functional senior management

The experience you bring:

• Bachelor’s Degree in Actuarial Science, Mathematics, or similar field

• FSA designation

• At least 10 years of actuarial experience, preferably with several years of working with actuarial projections supporting annuity pricing and/or risk management

• Excellent written and verbal communication, as well as leadership skills. Ability to present complex information in a clear and concise manner to various audiences, including senior management

• Strong organizational, time management, and interpersonal skills

• Ability to work collaboratively as part of a team
   

What makes you stand out:

• A natural curiosity to discover root drivers of profit and risk

• Perform detail-oriented analysis to substantiate reasonability of results

• Demonstrated ability to set ambitious goals and execute within targeted timelines

• Direct experience pricing/managing immediate annuities (SPIA, SSA, PRT)

• Previous management experience with a small team

• Effectively managing multiple projects and deliverables simultaneously

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.