Actuary & Director, Life Insurance Pricing

Pacific Life Insurance Company; Newport Beach (CA); Hybrid; USD 180,000 - 240,000; Full time

Job summary

Pacific Life Insurance Company is seeking an Actuary & Director to join the Life Pricing team. The role focuses on leading product pricing initiatives and guiding development of life insurance products.

You will collaborate with Pricing, Product Development, Risk Management, Modeling, and Sales within the Consumer Market Division and across the enterprise, driving growth and long-term success.

Qualifications

• FSA with 10+ years of related experience in actuarial pricing and product development.
• Direct experience developing life insurance products.
• Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field.
• Strong management, team-building, and communication skills.
• Excellent project management and business partnering abilities.
• Proven leadership with a strong sense of urgency.
• Ability to understand the big picture and mobilize initiatives in ambiguous situations.
• Proficiency in Microsoft Excel.

Responsibilities

• Lead and develop pricing team; oversee pricing activities with high-quality deliverables.
• Drive product pricing, support implementation, and manage project plans.
• Monitor regulatory changes and pricing or risk developments affecting products.
• Ensure pricing-driven product development meets regulatory and governance standards.
• Collaborate with marketing, sales, risk, legal, and ops to balance price, profitability, and risk.
• Mentor staff and provide development guidance.

Skills

Actuarial pricing

Product development

Leadership

Communication

Excel

Education

Bachelor's degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field

Job description

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead - our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate - pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

We’re actively seeking a talented Actuary & Director to join our Life Insurance 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.

This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

As an Actuary & Director - Life Pricing you’ll move Pacific Life, and your career, forward by playing a key role in Pacific Life’s growth and long-term success by leading product development initiatives for our life insurance business.

You will work closely and collaboratively with numerous areas including Pricing and Product Development, Risk Management, Modeling and Sales within the Consumer Market Division and across the enterprise.

You will fill a new role that sits on a team of 20 people in the Consumers Market division. Your colleagues will include actuaries and analyst which have a wide range of expertise. The Life Pricing team works in a fast paced and evolving marketspace, and we value professional judgement, nimble learning, and leadership skills.

How you’ll help move us forward:

• Lead and develop a pricing team; oversee product pricing activities for the pricing team and perform analysis or duties that requires pricing expertise.
• Lead product pricing, support product implementation, execute project plan 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 product development follows product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secure all required product approvals.
• Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk for the products being priced to deliver leading edge life insurance products.
• Work with a team of support staff to grow talent and provide development advice and support.

The experience you bring:

• FSA with 10+ years of related experience in actuarial pricing and product development.
• Direct experience developing life insurance products.
• Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field.
• Strong management, team-building, and communication skills.
• Excellent project management and business partnering abilities.
• Proven leadership with a strong sense of urgency.
• Ability to understand the big picture and mobilize initiatives in ambiguous situations.
• Proficiency in Microsoft Excel.

What makes you stand out:

• FSA with 10+ years of actuarial experience.
• Prior experience developing life insurance products.
• Thought leader with a mindset focused on continuous improvement, sustainability, and scalability.
• Ability to multitask with shifting priorities under tight deadlines.
• Self-starter with strong