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Pacific Life Insurance Company

Pacific Life Insurance Company

Director & Actuary - Institutional Pricing

Director & Actuary - Institutional Pricing

Job Details
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Uploaded On
March 15, 2025
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Location
Newport Beach, United States
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Remote?
No
Salary
$
199
k-$
243
k
Company Overview
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Headquarters
Newport Beach, CA
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Number of Employees
3000
Estimated Number of Actuaries
204
Glassdoor Ratings
""
Recommend to a Friend
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Overall Score
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.

We're actively seeking a talented Director & Actuary to join our Institutional Pricing team in Newport Beach, CA or Omaha, NE.
• This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

As a Director & Actuary, you'll play a key role in Pacific Life's growth and long-term success by leading all pricing product design activities. You will be responsible for the pricing of new product rollouts in our Defined Contribution Lifetime Income (DCLI) market.

How you will make an impact:
  • Lead pricing for DCLI Institutional products; oversee product pricing activities for the pricing team and perform analysis or duties that require pricing expertise.
  • Partner with Product to develop and price new products, support product implementation, execute project plans with on-time high quality deliveries.
  • Stay current with all regulatory changes and other new pricing or risk management developments that could impact our product lines.
  • Ensure pricing adheres to product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secures all required product approvals.
  • Collaborate with all stakeholders, including product, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk for the products being priced.
  • Work with a small team of support staff to grow talent and provide development advice and support.


The experience you will bring:
  • FSA designation in the Society of Actuaries.
  • Ability to research and generate creative solutions on various product-related issues.
  • Strong communication skills to present business solutions in a clear and concise manner and to collaborate effectively with actuarial and non-actuarial partners.
  • Ability to lead multiple projects and meet tight deadlines with thoughtful planning and effective execution.
  • An interest in leading and mentoring others.


What will make you stand out:
  • Strong research/analytic capability and innovative thinking.
  • Experience of managing projects that focus on delivering solutions for customers.
  • Leadership qualities that promote collaboration and teamwork.
  • Organizational skills that promote effectiveness in managing timelines.
  • Strong communication skills that allow the ability to explain technical actuarial items in easy-to-understand presentations to non-actuarial audiences.


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.

#LI-MT1

#LI-Hybrid

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.

$198,810.00 - $242,990.00

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.
Apply Now

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.