Senior Actuarial Analyst - Product Design at Pacific Life in Newport Beach, California

Job Description:

JOB DESCRIPTION:

SENIOR ACTUARIAL ANALYST - PRODUCT DESIGN

Pacific Life is looking to invest in bright, agile new talent to ensure we continue to innovate and strengthen relationships with our policyholders. It s in this spirit that we are currently looking to add a credentialed actuary to join our Retirement Solutions Division.

As an actuary on the Retirement Solutions Division Product Design, you will play a key role in Pacific Life s growth and long-term success. This team is responsible for feasibility analysis and new product pricing on fixed annuities, variable annuities and structure settlement annuities. In support of the company s rapidly growing annuity business, you will be collaborating with technical & non-technical audiences within and outside the Product Design department. You will develop an understanding of the product design, profitability and risk profile across all types of annuities.

Here, we believe you should be given the time, space, and trust to do your best work your way. As part of our transition toward a more digitally oriented, inclusive and employee-focused company, we re opening this role to candidates near Newport Beach, Omaha, and those looking to work 100% remote.

While our team aims to hire at the Senior Actuarial Analyst level, candidates who meet most but not all requirements are encouraged to apply. Actual job title will be based on experience and skillset.

HOW YOU LL CONTRIBUTE
Pricing Responsibilities include:

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Support new product development and pricing that meet both target market and profit/ risk objectives. Develop deeper understanding on entire RSD product offerings including Variable Annuities, Fixed Annuities, and Individual Payout Annuities.
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Support internal efforts to secure necessary product pricing and Pricing Guidelines approvals with high visibility to senior management
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Enhance pricing models and pricing framework/metrics for all product development
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Partner with Product Architecture and Sales to strategize product delivery and pricing position for market needs
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Work closely with Product Analytics for setting assumptions through experience studies
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Partner with Risk and Valuation to provide in-depth analysis on the risk profile and regulatory requirement of new products
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Assist Profitability Management and In-Force Management to provide support on product maintenance and post-sales activities

Modeling Responsibilities include:

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Participate in RSD model platform conversion initiatives by contributing towards the new modeling software platform analysis and conversion process.
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Developing/upgrading tools to enhance Pricing analysis

FACTORS FOR SUCCESS

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2+ years of actuarial working experience in a financial institution or insurance company
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Bachelor s degree in Actuarial Science, Mathematics, Computer Science, other related field
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Successful completion of at least 3 SOA exams
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Associate of the Society of Actuaries (ASA) preferred
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Strong working knowledge in Microsoft Excel; Programming experience desired but not required
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Experience with MoSes or similar actuarial software is a plus
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Attention to detail; well organized with ability to multi-task
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Strong quantitative, analytical and problem-solving skills
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Effective communication skills to present business solutions in a clear and concise manner

At Pacific Life, the work we do matters. That s why you ll find those who work passionately each day to drive our company forward enjoy job security, flexible scheduling and great opportunities for career growth. If you re seeking a thriving career doing the type of meaningful work that s all too rare at a Fortune 300 Company, you re the perfect cultural fit for our team.

HOW WE HELP YOU SUCCEED:

We re fostering a culture of shared values across our company by providing generous compensation and comprehensive benefits that allow our employees to find fulfillment and security in personal life and career alike. These include:

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Competitive Salary and Benefits
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Work-Life Balance & Flexible Scheduling
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Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees
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Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid)
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Generous PTO and holiday pay
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Warm Colleagues & Inspiring Culture

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.

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