Job Description:

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 Director & Actuary to join our CMD Product Development team in Newport Beach, CA. This role can be on-site, hybrid, or 100% remote.

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 fill an existing role that sits on a team of 13 people in the CMD Product Development team. Your peers will be other Director & Actuaries with direct reports ranging from entry-level to experienced actuaries.  This team enjoys a collaborative environment where we work together within CMD to meet consumer needs with new products and new product solutions.
 
How you will make an impact:

• Lead and develop a pricing team; oversee product pricing activities for the pricing team and perform analysis or duties that requires pricing expertise.
• Lead product pricing, support product implementation, execute project plan 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 product development follows product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secure all required product approvals.
• Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk for the products being priced to deliver leading edge life insurance products.
• Work with a team of support staff to grow talent and provide development advice and support.

The experience you will bring: 

• Bachelor’s degree in Mathematics, Statistics, Economics, Actuarial Services, or related field
• FSA designation in the Society of Actuaries
• 8+ years of product development experience
• Good understanding of the regulations and actuarial guidelines applicable to life insurance products.
• 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.
• Experience in leading and coaching/developing other actuaries.

What will make you stand out: 

• Experience and strong understanding of Life Insurance products.
• Strong research/analytic capability and innovative thinking.
• Experience of managing projects that focus on delivering solutions for consumers.
• Leadership qualities that promote collaboration and teamwork.
• Organizational skills that promote effectiveness with managing timelines.
• Strong communication skills that allow abilities to explain technical actuarial items in easy-to-understand presentations to non-actuarial audiences.

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife. 

#LI-TM1 #LI-Hybrid

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.

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.