Director & Actuary - Annuity Pricing & Product Development

Pacific Life; Newport Beach (CA); Hybrid; USD 203,760 - 249,040; Full time

Benefits offered by this job

Health benefits and wellbeing account

Paid time off & holidays

Parental leave & Adoption assistance

Competitive 401k with company match

Job summary

Pacific Life is seeking a Director & Actuary to join the Annuity Product Development team in Newport Beach, CA with hybrid work options and relocation support.

The role leads pricing, design, and risk for a broad suite of annuities, collaborating across strategy, sales, finance, and risk to drive profitable growth.

Qualifications

• Actuarial degree and FSA designation.
• 10+ years pricing/risk management experience in annuities.
• Strong written and verbal communication; leadership for senior audiences.
• Ability to manage multiple projects and cross-functional teams.
• Experience pricing immediate annuities (SPIA, SSA, PRT) is a plus.

Responsibilities

• Balance profit, risk, and market competitiveness in pricing.
• Design and price products per profit/risk guidelines.
• Lead pricing models for all major product types: VA, Fixed-Indexed, Index-Linked, fixed annuities.
• Support pricing to drive profitable growth across retail annuity portfolio.
• Incorporate industry, regulatory, and market trends into the development cycle.
• Present design, pricing, and risk to cross-functional senior management.
• Collaborate with product strategy, sales, finance, and risk to foster strategic growth.
• Embed continuous improvement to tools and processes for pricing analysis.

Skills

Leadership

Executive communication

Pricing & risk analysis

Actuarial projections

Team collaboration

Education

Bachelor’s degree in Actuarial Science or mathematics

Job description

Job Description:

We're actively seeking a talented Director & Actuary to join our Annuity Product Development team in Newport Beach, CA; Omaha, NE; or Charlotte, NC. This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, we offer comprehensive relocation assistance.

How you’ll help move us forward:

• 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
• Embody a mindset of continuous improvement to identify enhancements of tools and processes that can further facilitate and streamline pricing analysis
• Independently lead dynamic and multi‑faceted projects, with responsibility to present final design, pricing, and risk to cross‑functional senior management

The experience you bring:

• 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
• 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

What makes you stand out:

• A natural curiosity to discover root drivers of profit and risk
• Perform 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
• Effectively managing multiple projects and deliverables simultaneously

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.

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.