Pacific Life is looking to invest in bright, agile new talent to ensure we continue to innovate and strengthen relationships with our policyholders. It's in this spirit that we are currently looking to add a credentialed actuary to join our Life Product Development Team in Newport Beach, CA. This role can be on-site, hybrid, or 100% remote.
As an actuary on the life product development team within the Consumer Markets Division (CMD), you will play a key role in Pacific Life's growth and long-term success. This role is responsible for new product development and pricing for Pacific Life's suite of life insurance products. This team enjoys a collaborative environment where we work together within CMD to meet consumer needs with new products and new product solutions.
While our team aims to hire at the Assistant Actuary level, candidates who meet most but not all requirements are encouraged to apply. Actual job title will be based on experience and skillset.
How you will make an impact:
- Design, price, and implement life insurance products balancing profitability, marketability and risk.
- Develop assumptions appropriate for the marketplace.
- Monitor industry trends including future of transactional underwriting and predictive analytics.
- Review emerging experience and adjust assumptions and pricing as necessary.
- Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk.
The experience you will bring:
- Bachelor's degree in Actuarial Science, Mathematics, Computer Science, other related field; Or equivalent work experience
- ASA designation in the Society of Actuaries
- 4+ Years life insurance product design experience.
- Proficient in Microsoft Office Suite; experience with actuarial modeling software is a plus.
- Understanding of insurance industry and in-depth knowledge of financial impacts is preferred.
- Attention to detail; well organized with proven experience in handling multiple projects and meeting tight deadlines.
- Effective communication skills to collaborate with various units and to present business solutions in a clear and concise manner.
Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.
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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.
$118,800.00 - $145,200.00
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.
Working at
Pacific Life Insurance Company
Pacific Life Insurance Company is a reputable and long-standing provider of life insurance, annuities, and investment solutions. With a rich history spanning over 150 years, Pacific Life has established itself as a trusted name in the industry, known for its financial strength and stability. Actuaries play a crucial role at Pacific Life, utilizing their expertise in risk assessment and management to develop innovative and competitive products. They analyze vast amounts of data, conduct in-depth calculations, and employ advanced statistical models to determine appropriate pricing and risk levels for insurance and investment offerings. Actuaries collaborate closely with cross-functional teams, including underwriters and product managers, to ensure the company's products meet the needs of its diverse customer base. Pacific Life recognizes the value of continuous professional development and supports its actuaries in pursuing actuarial exams and further enhancing their skills. Through comprehensive training programs, mentorship opportunities, and access to industry seminars, actuaries at Pacific Life can stay at the forefront of the field and expand their knowledge. Joining Pacific Life as an actuary means becoming part of a dynamic and inclusive work environment, dedicated to innovation and excellence. Actuaries can expect competitive compensation packages, comprehensive benefits, and a supportive culture that values work-life balance. By joining Pacific Life, actuaries have the opportunity to make a meaningful impact in the lives of individuals and families by helping them secure their financial future with reliable insurance and investment solutions.