Actuary & Director - Annuity Product Innovation

Job Summary

Pacific Life is seeking an Actuary & Director of Annuity Product Innovation to join our Research and Development team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. Comprehensive relocation assistance is offered.

About the Role

Drive product research and pricing projects, lead the design and pricing of innovative annuity products, and ensure strategic alignment with divisional and enterprise product, capital, and risk management strategies.

Responsibilities

• Lead the design and pricing of innovative annuity products that are competitive and attractive in the marketplace.
• Lead R&D phase, providing actuarial solutions to challenges encountered in annuity product development.
• Actively participate in creating educational materials and tools for financial professionals and clients.
• Ensure the annuity product development process aligns with divisional and enterprise product, capital, and risk management strategies.
• Collect and analyze feedback on existing annuity products, market trends, and unmet customer needs.
• Identify key risks, hedging considerations, and option trade-offs inherent in annuity designs.
• Communicate clearly and proactively with stakeholders throughout early development stages.
• Provide technical support to implementation teams, including IT, Compliance, Marketing, and Operations.

Requirements

• 8+ years of experience with a focus on annuity product development.
• FSA designation.
• Proven track record of delivering innovative, strategic annuity solutions to market.
• Strong project leadership, collaboration, and cross-functional influence skills.
• Exceptional analytical, strategic thinking, and problem-solving abilities.
• In-depth knowledge of economic, regulatory, and market factors impacting annuity products and retirement income solutions.
• Excellent communication and presentation skills.
• Ability to thrive in a fast-paced, dynamic environment.
• Extensive actuarial modeling experience and ability to review model results.

Qualifications

• Active involvement in industry organizations, publications, or speaking engagements related to annuities or retirement income.
• Demonstrated commitment to staying current with industry trends, emerging technologies, and best practices in annuities and financial services.

Benefits

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account.
• 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.
• A competitive 401k savings plan with company match and an additional contribution regardless of participation.

Pay

• Newport Beach, CA: $203,760 - $249,040
• Omaha, NE: $175,950 - $215,050
• Charlotte, NC: $185,220 - $226,380

Schedule

This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC.