Senior Actuary - Annuity Product Pricing

Job Description:

Providing for loved ones, planning rewarding retirements, and 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 Annuity Product Pricing Team in Newport Beach, CA or Omaha, NE. Candidates open to relocating to one of these locations are encouraged to apply.

• This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

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 the maintenance of existing products within CMD’s Annuity Business.  We are looking for a collaborative team player who can handle multiple projects while 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: 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 trends and drivers of change and suggest actions in response to results.

• Effectively communicate analysis in a way that is appropriate for the 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:

• Experience with Life and Annuity Products.

• Effectively manage 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.

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

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.

$163,620.00 - $199,980.00

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