Director Actuary - Annuity Product Management
Pacific Life, Omaha, NE, United States
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
Director Actuary, Annuity Product Management
to join our Consumer Markets Division (CMD) Product Development 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. How you’ll help move us forward
Identify and implement operational & modeling efficiencies into current processes
Collaborate with both annuity pricing and rate setting teams to achieve seamless transitions of information needed between the three teams
Test and implement new assumptions into all pricing models through experience study assumption testing and communicate impacts to pricing team and senior leadership
Manage and develop a team of four. Develop junior staff in satisfying the Division’s goals through timely, efficient completion of projects and innovative processes
Perform analysis on sales and capital projections, manage profitability under different pricing metrics including statutory and economic views
Implement and ensure compliance of Enterprise Pricing Policy in the Product Development’s Pricing models and processes
Help implement new balance sheet framework into the Pricing models by working closely with the Enterprise teams and Model Development team
Collaborate with other teams to examine and help execute ideas and levers to lift pricing power and drive sales with an understanding and ability to explain the tradeoffs of those levers
The experience you bring
8+ years of experience with thorough knowledge of annuity products
FSA designation
Experience developing and managing a team
Demonstrated ability to apply sound judgment in ambiguous or imperfect situations
Clear, concise communicator able to explain "what changed, why, and what it means"
Ownership mindset with accountability for outcomes
What makes you stand out
Ability to collaborate with a variety of different functional area
Attention to detail; well organized with ability to multi‑tasks
Previous annuity pricing experience
Track record of improving or modernizing actuarial processes
Strong understanding of different balance sheet frameworks: US Stat, Bermuda, Economic (including MCVNB)
Ability to apply critical thinking to proactively probe questions that would be raised from senior management given any circumstances
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. 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
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.
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Director Actuary, Annuity Product Management
to join our Consumer Markets Division (CMD) Product Development 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. How you’ll help move us forward
Identify and implement operational & modeling efficiencies into current processes
Collaborate with both annuity pricing and rate setting teams to achieve seamless transitions of information needed between the three teams
Test and implement new assumptions into all pricing models through experience study assumption testing and communicate impacts to pricing team and senior leadership
Manage and develop a team of four. Develop junior staff in satisfying the Division’s goals through timely, efficient completion of projects and innovative processes
Perform analysis on sales and capital projections, manage profitability under different pricing metrics including statutory and economic views
Implement and ensure compliance of Enterprise Pricing Policy in the Product Development’s Pricing models and processes
Help implement new balance sheet framework into the Pricing models by working closely with the Enterprise teams and Model Development team
Collaborate with other teams to examine and help execute ideas and levers to lift pricing power and drive sales with an understanding and ability to explain the tradeoffs of those levers
The experience you bring
8+ years of experience with thorough knowledge of annuity products
FSA designation
Experience developing and managing a team
Demonstrated ability to apply sound judgment in ambiguous or imperfect situations
Clear, concise communicator able to explain "what changed, why, and what it means"
Ownership mindset with accountability for outcomes
What makes you stand out
Ability to collaborate with a variety of different functional area
Attention to detail; well organized with ability to multi‑tasks
Previous annuity pricing experience
Track record of improving or modernizing actuarial processes
Strong understanding of different balance sheet frameworks: US Stat, Bermuda, Economic (including MCVNB)
Ability to apply critical thinking to proactively probe questions that would be raised from senior management given any circumstances
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. 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
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.
#J-18808-Ljbffr