Hybrid Senior Actuary, Annuity Rate Setting

Posted last month

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About the role

  • Senior Actuary overseeing annuity rate-setting activities at Pacific Life. Collaborating with multiple teams to balance business outcomes and financial discipline while maintaining robust controls.

Responsibilities

  • Execute and oversee recurring annuity rate‑setting activities with accuracy, discipline, and strong controls
  • Analyze movements in returns and profitability, clearly explaining key drivers and implications
  • Support asset, duration, and yield alignment in partnership with Investments and Risk
  • Apply strong reasonability checks and professional judgment to validate results
  • Partner with Sales to ensure rate actions align with sales goals through a clear rate management strategy
  • Frame rate recommendations around tradeoffs between competitiveness, profitability, and risk
  • Translate actuarial results into clear implications for sales outcomes and market positioning
  • Investigate moderately complex issues and develop pragmatic, well‑reasoned recommendations
  • Explain downstream financial and business impacts of rate and assumption changes
  • Present clear, decision‑ready insights to leadership to support rate actions
  • Provide peer review and technical guidance to support consistent, high‑quality actuarial output
  • Own components of the rate‑setting process, not just individual tasks
  • Identify and implement process, methodology, and automation improvements
  • Maintain strong documentation and control discipline around rate‑setting decisions
  • Communicate clearly with both technical and non‑technical stakeholders and proactively manage expectations

Requirements

  • FSA required (Fellow of the Society of Actuaries)
  • 6+ years of actuarial experience, with a strong preference for annuities, pricing, rate management, or related areas
  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field
  • Ability to work independently with data using SQL and modern analytics or BI tools (e.g., Python, Tableau, or Power BI) as part of day‑to‑day decision‑making
  • Demonstrated ability to apply sound judgment in ambiguous or imperfect situations
  • Clear, concise communicator able to explain “what changed, why, and what it means”
  • Ownership mindset with accountability for outcomes

Benefits

  • 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

Job title

Senior Actuary, Annuity Rate Setting

Job type

Experience level

Senior

Salary

$167,670 - $204,930 per year

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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