Senior Actuary
| Company | Pacific Life |
|---|---|
| Location | Newport Beach, CA, USA, Omaha, NE, USA |
| Salary | $163620 – $199980 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Qualified Fellow of the Society of Actuaries (FSA) with experience in actuarial pricing, product development, and modeling.
- 6+ years of actuarial experience with a bachelor’s degree in actuarial science, computer science, finance, mathematics, or related field
- Self-starter with ability to work independently and collaboratively as part of a team, and to manage long-term projects.
- Exceptional organizational, analytical and strategic thinking abilities.
- In-depth knowledge of the economic, industry, and regulatory factors shaping life products.
- Excellent communication and presentation skills.
- Ability to thrive in a fast-paced dynamic environment.
Responsibilities
- Drive Product Research and Pricing Projects: Assist in the design and pricing of innovative life insurance products that are competitive and attractive in the industry.
- Complete R&D pricing activities: Collaborate with R&D team and other stakeholders to advance the research and development and viability phases, providing solutions to challenges encountered in product development.
- Actuarial Research Expertise: Perform duties or analyses requiring actuarial research expertise including modeling new features and understanding pricing levers.
- Educational Materials Development: Actively participate in creating valuable, insightful educational materials and tools for financial professionals (FPs) and their clients to help them understand the benefits and risks of our product features.
- Ensure Alignment with Strategies: Ensure the product development process aligns with divisional and enterprise product and risk strategies.
- Feedback Collection and Analysis: Partner with product intelligence team to collect feedback on existing products’ performance and unmet market needs to identify necessary corrective actions, such as developing competitive, data-driven product enhancements.
- Risk Identification: Identify key risks and option trade-offs within product ideas to support decision-making. Encourage innovation by questioning conventional practices.
- Stakeholder Communication: Present internal projects to key stakeholders, ensuring alignment with business objectives and transparent communication during the early stages to avoid costly late-stage surprises.
- Technical Support: Provide technical support to implementation teams, including IT, Compliance, Marketing, Product Design, Modeling, and others as needed.
Preferred Qualifications
- Prior experience across multiple domains that impact life R&D, such as: pricing, hedging, reinsurance, ALM, and investments.
- Demonstrated commitment to staying current with industry trends, emerging technologies and best practices related to life products and financial services.