Hybrid Senior Actuary – PRT Pricing

Posted last month

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About the role

  • Collaborate with Product and Sales teams to develop strategic bidding strategies tailored to achieve divisional sales and Pacific Life enterprise goals.
  • Ensure accurate review and interpretation of defined benefit plan documents and summaries to understand plan provisions.
  • Collaborate with sales and operations throughout the PRT life cycle from bid acceptance to onboarding and inforce management.
  • Present and defend pricing results to key stakeholders, including head of pricing, risk management, and other senior management to receive support for transactions.
  • 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.
  • Continue to enhance a sustainable and smooth target operating model for pricing transaction processes.
  • Continuously improve efficiency in the pricing process and develop insights and analytics to facilitate data driven and risk smart decision making.
  • 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.
  • Deliver information required to support regular decision-making processes in a timely and accurate manner.
  • Perform other duties assigned by management and actuarial projects in support of the Pension Risk Transfer business.

Requirements

  • Recent FSA designation
  • Bachelor's degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field or equivalent work experience
  • Strong written and oral communication skills, including the ability to communicate to a wide range of stakeholders with different backgrounds and at executive levels
  • Well organized with proven experience in handling multiple projects and meeting tight deadlines
  • Strong problem-solving skills, 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

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

Senior Actuary – PRT Pricing

Job type

Experience level

Senior

Salary

$163,620 - $199,980 per year

Degree requirement

Bachelor's Degree

Location requirements

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