Director & Actuary - Annuity Pricing & Product Development

About the role

The successful candidate will lead a team of actuaries in developing, pricing, and supporting the launch of new annuity products that deliver high value for customers and align with Pacific Life's long-term strategy.

Responsibilities

• Balance product profit, risk, and market competitiveness; help develop and test creative solutions to challenges encountered in product design, pricing, and implementation processes
• Design and price products following existing profit and risk management guidelines and procedures
• Oversee and run pricing models covering all major product types: Variable annuities, Fixed-Indexed annuities, Index-Linked Variable annuities, and Fixed annuities (deferred and immediate)
• Support pricing and analysis to drive profitable growth across portfolio of actively sold retail annuity products
• Reflect on and incorporate industry, regulatory, and market trends into the product development cycle
• Synthesize and integrate data and analysis into a cohesive story that drives insights and supports business decisions and execution of our product strategy
• Collaborate with other stakeholders (e.g., product strategy, product innovation, sales & distribution, finance & risk, investment) to develop solutions that foster strategic growth
• Independently lead dynamic and multi-faceted projects, with responsibility to present final design, pricing, and risk to cross-functional senior management

Requirements

• Bachelor’s Degree in Actuarial Science, Mathematics, or similar field
• FSA designation
• At least 10 years of actuarial experience, preferably with several years of working with actuarial projections supporting annuity pricing and/or risk management

Qualifications

• Excellent written and verbal communication, as well as leadership skills. Ability to present complex information in a clear and concise manner to various audiences, including senior management
• Strong organizational, time management, and interpersonal skills
• Ability to work collaboratively as part of a team

Skills

• Natural curiosity to discover root drivers of profit and risk
• Detail-oriented analysis to substantiate reasonability of results
• Demonstrated ability to set ambitious goals and execute within targeted timelines
• Direct experience pricing/managing immediate annuities (SPIA, SSA, PRT)
• Previous management experience with a small team
• Effective management of multiple projects and deliverables simultaneously

Benefits

Your benefits start day 1. Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered. Prioritization of your health and well-being includes Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents. Generous paid time off options include: Paid Time Off, Holiday Schedules, and Financial Planning Time Off. Paid Parental Leave as well as an Adoption Assistance Program. Competitive 401k savings plan with company match and an additional contribution regardless of participation.