Actuary & Director, Institutional Pricing

Pacific Life Insurance Company; Newport Beach, Omaha, Charlotte (CA, NE, NC); On-site; GBP 152,000 - 186,000; Full time

Benefits offered by this job

Relocation assistance

Benefits from Day 1

401k with company match

Paid time off

Job summary

Pacific Life Insurance Company is seeking a Director & Actuary to lead the Institutional Pricing team, shaping pricing for DCLI products. This on-site role supports multiple offices with relocation assistance as needed.

You will drive pricing strategy, partner with Product, ensure regulatory compliance, and mentor a pricing team, balancing profitability with risk for new product rollouts.

Qualifications

• 8+ years actuarial experience, including management.
• FSA designation (Society of Actuaries).
• Ability to research and generate creative pricing solutions.
• Strong communication and collaboration with actuarial and non-actuarial partners.

Responsibilities

• Lead pricing initiatives for DCLI institutional products and oversee pricing activities.
• Partner with Product to price new offerings and manage implementation.
• Stay current with regulatory changes affecting pricing and risk governance.
• Collaborate with stakeholders to balance competitiveness, profitability and risk.

Skills

Pricing strategy

Leadership

Communication

Mentoring

Project management

Education

FSA designation

Job description

Job Description:

We are actively seeking a talented Director & Actuary to joining our Institutional 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.

As a Director & Actuary, you'll play a key role in Pacific Life's growth and long-term success by leading all pricing product design activities. You will be responsible for the pricing of new product rollouts in our Defined Contribution Lifetime Income (DCLI) market.

How you will make an impact:

• Lead pricing initiatives for DCLI Institutional products; oversee product pricing activities for the pricing team and perform analysis or duties that require pricing expertise.
• Partner with Product to develop and price new products, support product implementation, 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 pricing adheres to product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secures all required product approvals.
• Collaborate with all stakeholders, including product, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk for the products being priced.

The experience you will bring:

• 8+ years actuarial experience, typically includes management experience
• FSA designation in the Society of Actuaries.
• Ability to research and generate creative solutions on various product-related issues.
• Strong communication skills to present business solutions in a clear and concise manner and to collaborate effectively with actuarial and non-actuarial partners.
• Ability to lead multiple projects and meet tight deadlines with thoughtful planning and effective execution.
• An interest in leading and mentoring others.

What will make you stand out:

• Strong research/analytic capability and innovative thinking.
• Experience of managing projects that focus on delivering solutions for customers.
• Leadership qualities that promote collaboration and teamwork.
• Organizational skills that promote effectiveness in managing timelines.
• Strong communication skills that allow the ability to explain technical actuarial items in easy-to-understand presentations to non-actuarial audiences.

Salary Ranges per Location:

Newport Beach, CA: $203,760 - $249,040

Omaha, NE: $175,950 - $215,050

Charlotte, NC: $185,220 - $226,380

Base Pay Range:

The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$203,760.00 - $249,040.00

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 including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
• 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

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

EEO Statement:

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.