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 Manager & Associate Actuary to join our pricing team in Newport Beach, CA or Omaha, NE. This fulltime role can be on-site, hybrid, or 100% remote (depending on location).

As a Manager & Associate Actuary you'll play a key role in Pacific Life's growth and long-term success by leading the transaction pricing team for our Pension Risk Transfer (PRT) business. You will work closely and collaboratively with numerous areas including Pricing and Product Development, Risk Management, Modeling within the Institutional Division and across the enterprise. The Institutional Division is a rapidly growing and innovative Division, as such this role provides a great opportunity to continue to enhance the pricing process, think outside the box, and build oneself as an expert on the pricing of innovative products that are both novel to the company and the insurance industry.

Candidates who meet most but not all requirements are encouraged to apply. Actual job title and offer will be based on experience and skillset.

If you are experienced in the PRT market and are a self-starter with a strong technical background and experience leading a transaction team, you would make a great fit for this role.

How you'll help move us forward:

• Lead a team of actuarial students and pricing analysts in the transaction process. Responsible for supporting the development of pricing and product solutions for pension risk transfer and leading a team of actuaries and/or para-actuaries to achieve profitable growth.
• Ensure accurate review and interpretation of defined benefit plan documents and summaries to understand plan provisions.
• Collaborate with Product and Sales teams to develop strategic bidding strategies tailored to achieve divisional sales and Pacific Life enterprise goals.
• Collaborate with sales and operations throughout the whole process from accepting and rejecting deals to onboarding.
• Manage PRT pricing schedules to optimize workflows and capacity.
• Recommend assumptions for PRT pricing by collaborating well with assumptions team. Maintain a detailed understanding of insurance and pension industry trends and dynamics
• Present and defend pricing results to key stakeholders, including head of pricing, risk management, and other senior management to receive support for transactions.
• Monitor profitability and business performance to create feedback loop for future pricing.
• Perform pricing and sensitivity analysis for PRT cases. Monitor and review actuarial pricing models to ensure accuracy and compliance with regulations.
• Ensure adherence to company policies and procedures.
• Lead inforce management activities for PRT, including the management of calculations and onboarding cases to ensure data is of sufficient quality for financial reporting and valuation purposes.
• Design and continue to enhance a sustainable and smooth target operating model for pricing transaction processes.
• Identify business needs and resource knowledge, and continue to bridge the gap through upskilling strategies and process enhancement. Continuously improve efficiency in the pricing process and develop insights and analytics to facilitate risk smart decision making.
• Train, review work of, and mentor pricers throughout the PRT process. Lead, mentor, and coach a team of actuaries and/or para-actuaries to promote successful growth.
• Document projects in accordance with established guidelines.
• Comply with standards declared by the Actuarial Standards Board and other applicable bodies (SEC, Accounting Standards Board, etc.), as well as the requirements of state and federal regulations.
• Provide overall support, assistance, direction, and communication to leaders regarding PRT market opportunity profit and risk analysis.
• Deliver information required to support regular decision-making processes in a timely and accurate manner.
• Perform other duties assigned by management. Other actuarial projects in support of the Pension Risk Transfer business.

The experience you bring:

• FSA with 6+ years of related experience, deep expertise in actuarial pricing and product development is a plus.
• Direct actuarial experience with Pension Risk Transfer products.
• Bachelor's degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field or equivalent work experience.
• Strong manager and team builder, with ability to manage both actuarial students and non-actuarial students.
• Strong written and oral communication skills, including the ability to communicate to a wide range of stakeholders with different backgrounds and at executive levels.
• Strong project management and business partnering skills, with an ability to build relationships and collaborate within the team and across the organization.
• Strong leader who influences the team successfully.
• Strong sense of urgency that generates increased productivity, swift decision-making, enhanced adaptability.
• Well organized with proven experience in handling multiple projects and meeting tight deadlines.
• Strong problem-solving skill, excellent strategic and critical thinking.
• Detail oriented with ability to work independently and collaboratively as part of a team.
• Ability to deliver timely, organized, and consistent results.
• Proficiency in Microsoft Excel is required.
• Strong written and verbal communication skills.

What makes you stand out:

• FSA with 10+ years of strong actuarial work experience.
• Prior experience with Pension Risk Transfer transaction pricing is required.
• Bachelor's degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field or equivalent work experience.
• Thought leader with a continuous improvement mindset, able to creatively drive enhancements to current practices and methodologies.
• Ability to multi-task with shifting priorities, with a strong sense of urgency under tight deadlines
• Self-starter with strong analytical skills and attention to detail.
• VBA coding experience is preferred.
• VBA or other related programming (R, Python), data visualization, and database skills a plus.
• Experience with actuarial modeling systems, particularly Prophet, and interpreting results.

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.

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.

$159,660.00 - $195,140.00

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.