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 Life Profitability Management in Newport Beach, CA; Omaha NE or Lynchburg, VA. This role can be on-site or hybrid.

As a Director & Actuary of Life Profitability Management you'll move Pacific Life, and your career, forward by driving meaningful positive impacts to the financial results of Pacific Life through comprehensive and thoughtful analysis, a decisive mindset, strong team development skills, a collaborative spirit, and a "One PL" viewpoint. You will be responsible for Life Profitability Management activities; balancing inforce product profitability and risk. This includes partnering with product and market risk on active management of life non-guaranteed elements, supporting key enterprise initiatives, and building capabilities for business segmentation and resulting strategy development.

You will fill an existing role that leads a team of four people including a mix of FSAs, ASAs and actuarial rotation students. This team sits in the larger Inforce Management team of the Consumer Markets Division (CMD).

How you'll help move us forward:

• Lead Non Guaranteed Element (NGE) management (Caps/COIs/Dividend).
• Support NGE policy development to ensure they balance internal strategic goals and market facing brand considerations
• Provide critical insights/strategies to divisional leadership on inforce spread management.
• Lead Plan Modeling and analysis for Life Insurance Products.
• Partner with FP&A team on identifying drivers of plan to actual results.
• Support enterprise-wide transformation efforts related to model conversions and implementation of the LDTI framework in Plan.
• Develop business segmentation tools that create insights into what business segments drive profitability.
• Identify retention strategies for high performing business and partner with division on execution.
• Identify remediation strategies for underperforming business and partner with division/enterprise on execution.
• Monitor new business segment performance vs. pricing vs plan
• Support modeling for enterprise-wide initiatives with a goal of improving the company's capital position through optimization of the inforce block.

The experience you bring:

• Has an FSA designation.
• Previous management experience with a small team.
• Courage to make strategic recommendations that may challenge status quo.
• Understanding of tradeoffs between precision and timeliness.
• Excellent project planning skills.

What makes you stand out:

• Deep understanding of drivers of profit and risk across a variety of life insurance products.
• Ability to transform complex financial concepts (GAAP, STAT, and Economic regimes) into clear and digestible storytelling.
• People leader who inspires and encourages new ways of thinking.
• Working proficiency with Prophet preferred.

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.