Actuary & Director, Life Insurance Pricing

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.

About the role

We’re actively seeking a talented Actuary & Director to join our Life Insurance Pricing 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. If you are not currently located near one of our offices, we offer comprehensive relocation assistance. This role is hybrid, empowering our employees to get work done both in and out of the office.

As an Actuary & Director - Life Pricing, you’ll move Pacific Life, and your career, forward by playing a key role in Pacific Life’s growth and long-term success by leading product development initiatives for our life insurance business. You will work closely and collaboratively with numerous areas including Pricing and Product Development, Risk Management, Modeling, and Sales within the Consumer Market Division and across the enterprise. You will fill a new role that sits on a team of 20 people in the Consumer Market division, working alongside actuaries and analysts with a wide range of expertise. The Life Pricing team operates in a fast-paced and evolving market, valuing professional judgment, nimble learning, and leadership skills.

Responsibilities

• Lead and develop a pricing team; oversee product pricing activities for the pricing team and perform analysis or duties that require pricing expertise.
• Lead product pricing, support product implementation, and execute project plans with on-time, high-quality deliveries.
• Stay current with all regulatory changes and other new pricing or risk management developments that could impact our product lines.
• Ensure product development follows product pricing guidelines, meets all regulatory requirements, and adheres to internal profit/risk governance standards; secure all required product approvals.
• Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance competitiveness, profitability, and risk for the products being priced to deliver leading-edge life insurance products.
• Work with a team of support staff to grow talent and provide development advice and support.

Requirements

• FSA with 10+ years of related experience in actuarial pricing and product development.
• Direct experience developing life insurance products.
• Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or a related field.
• Strong management, team-building, and communication skills.
• Excellent project management and business partnering abilities.
• Proven leadership with a strong sense of urgency.
• Ability to understand the big picture and mobilize initiatives in ambiguous situations.
• Proficiency in Microsoft Excel.

Skills

• FSA with 10+ years of actuarial experience.
• Prior experience developing life insurance products.
• Thought leader with a mindset focused on continuous improvement, sustainability, and scalability.
• Ability to multitask with shifting priorities under tight deadlines.
• Self-starter with strong analytical skills and attention to detail.
• VBA coding experience and proficiency in related programming languages.
• Experience with actuarial modeling and statistical analysis programs, particularly Prophet and R, MG-ALFA, GGY-AXIS.

Candidates who meet most but not all requirements are encouraged to apply.

Pay

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

The actual compensation offered will depend on several factors, including but not limited to experience, qualifications, and geographic location. Most employees are also eligible for additional incentive pay.

Benefits

Your benefits start on day one, offering flexible options tailored to meet your needs.

• Prioritization of your health and well-being, including Medical, Dental, Vision, and a Wellbeing Reimbursement Account that can be used for yourself or eligible dependents.
• Generous paid time off options: Paid Time Off, Holiday Schedules, and Financial Planning Time Off.
• Paid Parental Leave and an Adoption Assistance Program.
• Competitive 401k savings plan with company match and an additional contribution regardless of participation.