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Pricing Actuary - Pension Risk Transfer Transactions

Company: Pacific Life
Location: Newport Beach
Posted on: October 11, 2020

Job Description:

Job Description 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 Pricing Actuary to join our Institutional Division. As an actuary on the PRT Pricing Transactions team within the Institutional division, you will play a key role in Pacific Life's growth and long-term success. This role is responsible for executing the pricing for new Pension Risk Transfer cases. *Location is flexible to include Newport Beach, CA, Omaha, NE or remote work. *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. Despite the COVID pandemic, Pacific Life has remained safe, stable and productive, thanks to our embracing of digital processes and commitment to a people-first culture. Our agile approach has aided us in successfully shifting our recruiting and onboarding activities toward a safe work-from-home environment. This is unchartered territory for all of us, so please let us know if you have any questions about the recruiting process or about our response to COVID. What You'll Do * Review, prep, and analyze data for each case * Collaborate with Sales to obtain answers to data and plan questions * Prepare bid specifications * Work with actuaries to set case appropriate assumptions * Accurately code assumptions and plan provisions in pricing model * Develop profitability results * Prepare case analysis for Sr. Management * Reporting assumptions and metrics for new business We're not simply looking for actuaries. Our teams search for professionals with intellectual horsepower who can build relationships outside of their team and bring fresh new ways of thinking to our collaborations. If you're a creative, mission-driven self-starter who's comfortable with ambiguity, and who thrives in a fast-paced, collaborative environment, you're a perfect fit for our team. Factors for Success * Bachelor's degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field or equivalent work experience * ASA with 4+ years of actuarial work experience * Proficiency in Microsoft Excel is required, VBA coding experience is preferred * Detail oriented with ability to work independently and collaboratively as part of a team * Excellent analytical, problem-solving, and decision-making skills * Ability to deliver timely, organized and consistent results * Well organized with proven experience in handling multiple projects and meeting tight deadlines * Strong written and verbal communication skills * Solid experience with Prophet, MoSes, and/or ProVal a plus A career at Pacific Life is more than a job. 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 200 Company, you're the perfect cultural fit for our team. See how we harness the Power of Pacific to fulfill our shared purpose - apply for one of our positions and grow your career with Pacific Life today!#LI-AI1 At Pacific Life, we know we're better when you can be your whole self - both in and out of the office. That's why we allow employees to build flexibility into their work schedules, provided they consistently achieve their goals and provide demonstrable value for our policyholders. In addition to the value we provide for our employees and policyholders, we are also renowned for our philanthropic work, having donated over $109M to nonprofits over the past 33 years. All this considered, it's no wonder we were named one of America's Best Mid-Size Employers by Forbes in 2019. Simply put, if you want to find fulfillment in both your career and your life, join our team at Pacific Life, where power meets purpose. Grow With Us We look toward a bright future for our organization, our employees, our customers, and our communities. This could be your chance to be a part of a forward-thinking organization where there's plenty of room to grow. See how we harness the Power of Pacific to fulfill our shared purpose - apply for one of our positions and grow your career with Pacific Life today! For additional information about open positions and other opportunities to join our team, visit www.pacificlife.com/home/Careers.html.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 com

Keywords: Pacific Life, Newport Beach , Pricing Actuary - Pension Risk Transfer Transactions, Other , Newport Beach, California

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