Actuary & Director - Annuity Product Innovation

About the role

The Actuary & Director of Annuity Product Innovation plays a pivotal role in driving innovation and strategic product development within Pacific Life. This position requires a strong background in annuity product development, with a focus on market-driven solutions that meet pricing, profitability, and risk targets.

Responsibilities

• Lead the design and pricing of innovative annuity products that are competitive and attractive in the marketplace.
• Provide actuarial solutions to challenges encountered in annuity product development during the research, development, and viability phases.
• Create educational materials and tools for financial professionals and clients to clearly explain annuity features, benefits, risks, and retirement income trade-offs.
• Ensure that 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 to identify opportunities for enhancements or new offerings.
• Identify key risks, hedging considerations, and option trade-offs inherent in annuity designs to support sound decision-making.
• Communicate clearly and proactively with stakeholders throughout early development stages to avoid late-stage issues or misalignment.
• Provide technical support to implementation teams, including IT, Compliance, Marketing, and Operations, as needed.

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.

Skills

• Strong analytical and strategic thinking skills.
• Effective communication and presentation skills.
• Ability to work in a fast-paced, dynamic environment.
• Extensive actuarial modeling experience.

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

The salary ranges provided represent 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.

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. Comprehensive relocation assistance is offered for those not currently located near one of our offices.