Senior Actuary – Annuity Product Pricing
| 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
- Bachelor’s Degree in Actuarial Science, Mathematics, or similar field
- FSA Designation required
- Previous experience with Actuarial Modeling Software (e.g. Prophet, MoSes, Turbo etc.)
- Proficiency in Microsoft Excel
- Excellent written and verbal communication
- Ability to work both independently and collaboratively as part of a team
- Strong organizational, time management, and interpersonal skills
Responsibilities
- Balance product profit, risk, and market competitiveness; test creative solutions to challenges encountered in product design, pricing, and implementation process
- Support new product design and pricing following existing profit and risk management guidelines and procedures
- Run pricing models covering all major product types: Variable annuities, Fixed-Indexed annuities, Index-Linked Variable annuities, and Fixed annuities as part of the semi-annual product suite repricing
- Analyze pricing results to extract notable trends and drivers of change and suggest actions in response to results
- Effectively communicate analysis in a way that is appropriate for the intended audience
- Challenge the status quo of current tools and processes. Continuously identify areas for improvement and propose/engineer solutions to enhance and streamline
- Collaborate with other stakeholders (e.g., product strategy, product innovation, sales & distribution, finance & risk, investment) to help develop solutions to better support our growing product development needs
- Provide guidance and expertise to junior staff members on the team
Preferred Qualifications
- Experience with Life and Annuity Products
- Effectively manage multiple projects and deliverables simultaneously
- A natural curiosity to discover root drivers of profit and risk
- Perform detail-oriented analysis to substantiate reasonability of results
- Ability to present recommendations and observations to senior stakeholders, technical peers, and junior actuaries