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.

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a talented Actuary & Director to join our new Workforce Benefits division to support our efforts to establish and grow a profitable business in the group benefits market. This full time role can be on-site or on a hybrid schedule in our Omaha, NE, or Newport Beach, CA locations, or 100% remote (depending on location).

Our new Workforce Benefits Division seeks to disrupt the group benefits market with a digital first strategy. As an Actuary & Director, Workforce Benefits Division (WBD) Pricing you will play a key role in the start-up and long-term success of this business by developing and pricing new leading-edge group benefits products. This individual will help identify and design products for a wide range of group benefits market opportunities, with particular focus on Group Life, Group Disability, and Absence products. This individual will be responsible for ensuring new product pricing balances consumer value, profitability, and risk.

How you will make an impact:

• Establish and support rapid iterations on pricing for our new build of group products, including Group Life, Disability, and Leave. May also support Dental, Vision, and Supplemental Health Pricing.
• Design products and pricing with an eye on the changing competitive, economic, and regulatory environments.
• Focus on innovation and modernization in an effort to create streamlined processes to enable speed to market and differentiate our offering.
• Support implementation and testing of new products in an administrative system build, with focus on automation, speed, and flexibility.
• Collaborate within finance team to put in place appropriate tools, data sources, repositories, etc to support the analytical needs of the pricing, reserving, and finance aspects of the business.
• Collaborate with Underwriting and Distribution leads on quoting and pricing strategy process with the appropriate balance of competitive innovation and risk management.
• Collaborate as needed across the division to support various projects as we build new processes.
• Design experience studies for key mortality and morbidity business measures and a process to monitor and update assumptions
• Build and maintain modern monitoring tools for pricing accuracy and assumption review.
• Lead product filing efforts in conjunction with the Compliance team.
• Respond to rate filing questions and objections as needed to get to pricing approval.
• Create effective communications with leadership around morbidity and mortality metrics and results.
• Coordinate with team members and enterprise peers to establish reserving and valuation methodologies and best practices and participate in financial close activities and trend monitoring.
• Conduct the feasibility analysis, design, and pricing of new product features.
• Design and perform attribution and sensitivity analysis to understand the key risks in new/existing products.

The experience you will bring:

• Recent experience and depth of knowledge in pricing.
• Demonstrated leadership, communication, and interpersonal skills.
• Deep experience in group product lines (Dental, Vision, Group Life, Short Term Disability, Long Term Disability, Supplemental Health, Leave and Absence Management).
• 8+ years of actuarial experience with an FSA designation.
• Experience managing multiple initiatives, working with ambiguity, and adapting to change.
• Strong communication and collaboration skills, with the ability to successfully influence across teams.
• Bachelor's degree.
• Advanced experience with Excel, SQL, or other programing languages.

What will make you stand out:

• Experience with programing languages (e.g. Python) and/or databases a plus.
• Experience effectively visualizing data and trends (Tableau) a plus.

You can be who you are.

People come first here. We're committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

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 including Medical, Dental, Vision, and a 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.

#LI-MT1

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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.

$193,950.00 - $237,050.00

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

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.