Sr. Actuary (FSA), Pension Risk Transfer Pricing

About the role

The Institutional Division of Pacific Life is seeking a Senior Actuary to join the PRT pricing team. This role is based in Newport Beach, CA, Omaha, NE, or Charlotte, NC, with the option for comprehensive relocation assistance for those not currently located nearby.

Responsibilities

• Pricing & Product Development: Design innovative pricing strategies and provide sound recommendations for PRT pricing assumptions.
• PRT Transaction Execution: Oversee PRT pricing schedules, ensuring smooth operations and forecasting scenarios to mitigate risks.
• Profitability & Performance: Monitor and analyze profitability and business performance, using insights to inform future pricing strategies and draw connections across deals.
• Stakeholder Engagement: Present, justify, and defend pricing outcomes and/or internal projects to key stakeholders, ensuring alignment with business objectives and transparent communication.
• Strategic Collaboration: Partner with Sales teams to develop competitive, data-driven bidding strategies that align with market conditions.
• Insightful Communication: Extract actionable insights from analysis and effectively communicate findings through compelling storytelling to drive decision-making.
• Intuitive Technical Solutions: Ensure that pricing processes, tools, and technical solutions are clear, understandable, and accessible to both technical and non-technical stakeholders.
• Agile Transformation: Navigate transformation initiatives with agility, fostering a collaborative environment and ensuring solutions align with collective goals.
• Big-Picture Thinking: Balance strategic thinking with day-to-day execution, managing stakeholder expectations and maintaining open, transparent communication across teams' members.

Requirements

Qualified candidates must hold a Fellowship of the Society of Actuaries (FSA) and possess experience in actuarial pricing, product development, and modeling. A Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or a related field is required. Direct experience with Pension Risk Transfer products is preferred.

Qualifications

• Strong sense of ownership with the ability to take initiative and drive results from start to finish, ensuring alignment within scope.
• Demonstrable track record of working effectively with others, providing mentorship, and driving team success.
• Ability to work in a fast-paced, dynamic environment with high degrees of ambiguity and change.
• Ability to see the big picture, drive initiatives with impact, and manage stakeholder expectations effectively.
• Proficiency in Microsoft Excel & VBA.

Skills

Experience with Pension Risk Transfer transaction pricing, strong team player with a growth mindset, self-starter with strong analytical skills and attention to detail, VBA coding experience and proficiency in related programming languages, experience with actuarial modeling systems, particularly Prophet.

Benefits

Base salary ranges (location specific):

• Newport Beach, CA: $167,670 - 204,236
• Omaha, NE: $144,810 - $176,990
• Charlotte, NC: $152,370 - 186,230

Your benefits start Day 1. Your wellbeing is important. We’re committed to providing 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 a 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.

What Makes You Stand Out

Prior experience with Pension Risk Transfer transaction pricing, strong team player with a growth mindset, focused on continuous improvement, sustainability, scalability, and empowering others to grow and succeed collectively, Ability to multitask with shifting priorities under tight deadlines while maintaining calm composure and flexibility in handling urgent requests, Self-starter with strong analytical skills and attention to detail, VBA coding experience and proficiency in related programming languages, Experience with actuarial modeling systems, particularly Prophet.

Equal Opportunity Employer

Pacific Life Insurance Company is an Equal Opportunity / Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.