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 Assistant Actuary to join our new Workforce Benefits division and support our efforts to establish and grow a profitable business in the group benefits market. This role can be on-site in our Omaha, NE, Newport Beach, CA, or Chicago, IL locations or 100% remote.
Note: Level of the position may vary based on skills and experience. Applicants who do not meet all requirements are encouraged to apply.
As an Assistant Actuary in the Workforce Benefits team, you will play a key role in the start-up environment by working with leaders in the newly launched Workforce Benefits division. You will play a critical role in developing innovative pricing models and processes to monitor business performance. You will be involved in product design decisions and ensuring the pricing of these products balance consumer value, profitability, and risk.
How you will make an impact:
- Design modern experience monitoring tools to study key pricing assumptions for a start-up business
- Drive insights that will support rapid decision-making on a newly launching business, perform analysis in a timely and accurate manner to support successful products
- Support pricing activities for the following group products: Life, Disability and Leave. May also support Dental, Vision, and Supplemental Health
- Support the setting of best-practice reserve models and valuation methodologies
- Collaborate with cross-functional teams to identify pricing opportunities and develop strategies to optimize pricing structures
- Utilize modern techniques to build, enhance and automate pricing models, incorporating both internal and external data sources
- Support product filing efforts in conjunction with the Compliance team
- Conduct ad-hoc analysis and other special projects, as required
The experience you will bring:
- ASA with 4+ years of strong actuarial work experience
- Understanding of Group Insurance products
- Bachelor's degree in actuarial science, finance, mathematics or related field or equivalent work experience
- Strong problem-solving skills
- Detail oriented with ability to work independently and collaboratively as part of a team
- Ability to deliver timely, organized, and consistent results
- Strong written and verbal communication skills
What will make you stand out:
- Experience pricing group insurance products
- Experience using programing languages (Python, R) and databases to visualize data and trends (Tableau, Power BI)
- Confidently makes thoughtful decisions, even in situations with incomplete information
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 provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay.
$103,000.00 - $128,800.00 - $173,900.00
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.