Actuary & Director, Product and Pricing Risk, Workforce Benefits

About the role

Pacific Life’s Workforce Benefits division is building a digital‑first group benefits business. As a Director of Product and Pricing Risk you will lead cross‑product analytics, governance, risk monitoring and pricing capability development, partnering with product, pricing, underwriting, finance, sales, enterprise risk, technology and operations teams to drive disciplined product and pricing decisions and develop market‑winning strategies.

Responsibilities

• Lead the development, implementation, and ongoing enhancement of cross‑product pricing and risk processes, tools, and reporting.
• Partner with Product and Pricing leaders to analyze new business and renewal results, evaluate emerging trends, and recommend adjustments to pricing approaches, profitability targets, and portfolio guardrails.
• Coordinate the development and maintenance of pricing tools, models, and reporting capabilities used by Pricing and Underwriting, including quoting tools, experience‑rating support, quote monitoring, and management reporting.
• Build and maintain portfolio analytics that connect growth, profitability, competitiveness, and risk; translate results into clear insights, options, and recommendations for business leaders.
• Facilitate cross‑product assumption setting and documentation for expenses, interest rates, profitability metrics, and other shared pricing inputs, in partnership with Finance, Pricing, and Product leadership.
• Establish and maintain practical monitoring standards, KPIs, thresholds, and escalation routines; identify deviations and coordinate analysis and follow‑up with product‑line leaders.
• Prepare decision‑ready materials for product, pricing, and risk governance forums; coordinate reviews and approvals and ensure decisions, assumptions, and follow‑up actions are documented.
• Provide actuarial and risk expertise on cross‑functional initiatives involving underwriting practices, reinsurance, vendor or external‑party risk, and new or enhanced product capabilities.
• Lead the cadence and prioritization of experience studies and other data‑driven analyses in partnership with product pricing actuaries, ensuring findings are translated into actionable recommendations.
• Support month‑end and quarter‑end financial and reserving activities through analysis of claims experience, reserve movements, and key financial risk drivers.
• Lead and develop actuarial professionals and rotational analysts by setting priorities, reviewing work, strengthening technical capabilities, and creating development opportunities.
• Manage multiple initiatives in an evolving environment, escalating material issues and strategic trade‑offs to the appropriate AVP or VP leader; support other projects as needed on a nimble, collaborative team.

Requirements

• 8+ years of progressive actuarial experience with an FSA designation.
• Deep experience in group product lines: Dental, Vision, Group Life, Short Term Disability, Long Term Disability, Supplemental Health, Leave and Absence Management.
• Experience managing multiple initiatives, working with ambiguity, and adapting to change.
• Experience developing or implementing pricing analyses, assumptions, monitoring frameworks, or governance processes.
• Strong communication and collaboration skills, with the ability to successfully influence across teams.
• Demonstrated leadership and interpersonal skills.

Qualifications

Bachelor’s degree is preferred, or demonstrated equivalent experience.

Skills

• Actuarial judgment and technical expertise.
• Hands‑on leadership and ability to drive execution through influence.
• Analytic and digital mindset.
• Entrepreneurial energy suited to a start‑up environment.

Benefits

• Medical, dental, and vision coverage.
• Wellbeing Reimbursement Account (usable for employee or eligible dependents).
• Generous paid time off: Paid Time Off, Holiday Schedules, Financial Planning Time Off.
• Paid Parental Leave and Adoption Assistance Program.
• Competitive 401(k) savings plan with company match and an additional contribution regardless of participation.

Pay

Base pay range: $203,760.00 – $249,040.00 (actual compensation based on experience, qualifications, and location; most employees eligible for additional incentive pay).