Para Actuary - Product Design at Pacific Life in Newport Beach, California

Posted in Other 2 days ago.





Job Description:

Job Description:

Para Actuary - Life Insurance Pricing and Product Design

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a talented Para Actuary to join our Product Management team within Product Design in Aliso Viejo, CA. This role will sit onsite when we return to the office.

As a Para Actuary, you'll play a key role in Pacific Life's growth and long-term success by collaborating with actuaries and other professionals to develop solutions suitable to the challenges and opportunities faced by the firm and the industry. This role is focused on meeting the analytical needs for the product design team which can include, but not limited to analytical support current and future product pricing initiatives, profit analysis of current and future business, dashboard development, and process improvement and automation.You will fill a new role that sits on a team of five people in the recently formed Product Management team. This team is part of the Product Design department within the Life Insurance division. Your colleagues will include actuarial professionals ranging from Assistant Actuaries to Assistant Vice Presidents. Our team is highly collaborative and primarily focused on how we can best provide data analytics and product management support to create the best value products to our customers.

How you will make an impact:


  • Participate in the measurement framework and dashboards to track the success of our inforce business, think strategically and creatively to improve profitability and draw other actionable business insights

  • Stay close to the division's life insurance product and assumptions development process to provide analytical support, and be well-versed in actuarial concepts

  • Contributing member of the Accelerated Underwriting team that drives new and innovative methods to underwrite our policies with focus on automation, predictive analytics, all while minimizing impact to mortality

  • Think critically on the effects of various product levers in delivering sustainable value to customers, and how these can be adjusted to meet their needs appropriately

  • Understand the effects of various product features on top line and bottom line results

  • Collaborate effectively with product actuaries and other professionals

The experience you will bring:


  • Bachelor's degree in Business Administration, Actuarial Science, Mathematics, Computer Science, or related field or equivalent work experience

  • Strong written and verbal communication skills

  • Proficiency in Microsoft Excel is required

  • Some exposure to coding in R / Python

  • Self-motivated to learn the latest programming skills and actuarial projection platform

  • Ability to deliver timely, organized and consistent results

What will make you stand out:


  • Any insurance experience

  • Familiarity with actuarial projection platform including MG-ALFA, Prophet, and GGY-Axis

  • Experience visualizing and presenting findings taken from large sets of data

  • Experience working with regulatory concepts (PBR, GAAP, IFRS17) a plus

  • Coding knowledge of other languages

More reasons to join:

At Pacific Life, the work we do matters. We work passionately each day to drive our company forward while enjoying 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 500 Company, Pacific Life is the place for you. If you are a self-starter who appreciates creativity and individuality in your colleagues - even better. We look forward to receiving your application.

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

Our response to COVID-19

Despite the pandemic, Pacific Life has remained safe, stable and productive, thanks to our digital processes and people-first culture. An agile approach has aided us in successfully shifting our recruiting and onboarding activities toward a safe work-from-home environment. Please let us know if you have any questions about the interview process or about our response to COVID-19. #LI-AI1

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:


  • Competitive Salary and Benefits


  • Work-Life Balance & Flexible Scheduling


  • Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees


  • Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid)


  • Generous PTO and holiday pay


  • 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.