Onsite Director, Actuary – Product Development

Posted 2 days ago

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About the role

  • Balance product profit, risk, and market competitiveness; help develop and test creative solutions to challenges encountered in product design, pricing, and implementation processes
  • Design and price products following existing profit and risk management guidelines and procedures
  • Oversee and run pricing models covering all major product types: Variable annuities, Fixed-Indexed annuities, Index-Linked Variable annuities, and Fixed annuities
  • Support pricing and analysis to support profitable growth across portfolio of actively sold retail annuity products
  • Reflect on and incorporate industry, regulatory, and market trends into the product development cycle
  • Synthesize and integrate data and analysis into a cohesive story that drives insights and supports business decisions and execution of our product strategy
  • Collaborate with other stakeholders (e.g., product strategy, product innovation, sales & distribution, finance & risk, investment) to develop solutions to better support our growing product development needs
  • Embody a mindset of continuous improvement to identify enhancements of tools and processes that can further facilitate and streamline pricing analysis

Requirements

  • FSA designation
  • Bachelor’s Degree in Actuarial Science, Mathematics, or similar field.
  • At least 8 years of actuarial experience, preferably with several years of working with actuarial projections supporting pricing and/or risk management
  • Excellent written and verbal communication, as well as leadership skills.
  • Ability to present complex information in a clear and concise manner to various audiences, including senior management
  • Strong organizational, time management, and interpersonal skills
  • Ability to work collaboratively as part of a team

Benefits

  • 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.
  • 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

Director, Actuary – Product Development

Job type

Experience level

Lead

Salary

$198,810 - $242,990 per year

Degree requirement

Bachelor's Degree

Location requirements

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