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 Pacific Life's customers and align with the company'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

• 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
• 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 follows a hybrid schedule of four days in the office (on-site).