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Pricing Actuary - Pension Risk Transfer Projects

Company: Pacific Life
Location: Newport Beach
Posted on: November 17, 2020

Job Description:

JOB DESCRIPTION:

PRICING ACTUARY - PENSION RISK TRANSFER PROJECTS

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 Institutional Products Division.

As an actuary on the Institutional Division Pricing Projects team, you will play a key role in Pacific Life s growth and long-term success. You will be enhancing and automating pricing processes, evaluating new methods and tools in the market, managing and maintaining pricing models, and developing new products to serve this rapidly growing market.

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, CA as well as those looking to work 100% remote.

While our team aims to hire at the Assistant Actuary 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

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Conduct the feasibility analysis, design, and pricing of new products
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Coordinate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk score of new and existing products
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As the pricing liaison, support other areas through full product implementation
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Implement assumption and methodology changes to pricing models, complying with all model risk management standards, especially documentation and testing requirements

FACTORS FOR SUCCESS

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Interest in and desire to advance technology knowledge: programming, data and software engineering.
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Bachelor s in actuarial science, finance, mathematics or related field or equivalent work experience
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ASA (or close to ASA) with 4 - 6 years of actuarial experience, preferably in pricing with exposure to pensions, annuities, or life products.
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Ability to see a project from start to finish
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Ability to work independently and collaboratively as part of a team, and to manage long-term projects
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Strong organizational, communication, and interpersonal skills
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Experience preparing presentations seeking management approval
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Excellent analytical, problem-solving, and decision-making skills
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Experienced with programming languages and/or databases
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Experience with actuarial modeling software Prophet is a plus

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.

Keywords: Pacific Life, Newport Beach , Pricing Actuary - Pension Risk Transfer Projects, Accounting, Auditing , Newport Beach, California

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