Job Description: Pacific Life offers life insurance, annuities, and mutual funds, along with a variety of investment products and services, all of which provide The Power to Help You Succeed.
Headquartered in Newport Beach, CA, Pacific Life is a Fortune 500 company with approximately 2700 employees. We pride ourselves on providing an innovative work environment which is highly challenging and exceptionally rewarding. We firmly believe each employee plays a part in our continued growth and success.
Currently, we are seeking a talented Lead Pricing Actuary to join the Life Insurance Division.
Here's what you'll be doing:
-Responsible for product design and pricing for the Life Division's new emerging affluent life product line, balancing profitability and marketability with risk management.
-Serve as the lead actuary and work collaboratively and iteratively to enhance product portfolio offering to the emerging affluent market.
-Provide insight on product features and design to enhance product performance, appeal and profitability
-Manage competitive benchmarking to provide leading edge products. Develop product strategy to meet changing needs of emerging affluent
-Stay aware of industry trends in the marketplace and proactively provide recommendations & solutions
-Work collaboratively and iteratively to enhance product portfolio for the emerging affluent market
-Work in a matrix environment and provide necessary support to maximize the success of the products and initiative.
-Manage an actuarial analyst and indirectly manage other personnel to move forward product development and pricing.
Factors for Success:
-FSA or ASA designation in the Society of Actuaries
-7+ Years in the insurance industry with at least 4+ years in Life Insurance product design, pricing and implementation.
-Good understanding of the regulations and actuarial guidelines applicable to life insurance products.
-Strong influencing skills.
-Effective communication skills to present business solutions in a clear and concise manner
-Ability to handle multiple projects and meet tight deadlines.
-Proficient in actuarial pricing software, ideally ALFA.