Senior Actuary – Pension Risk Transfer Pricing

Job Description

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own. 

We’re actively seeking a talented Senior Actuary to join our dynamic PRT pricing team in the Institutional Division at Pacific Life.

• This role is hybrid. We believe in empowering our employees to get work done both in and out of the office, whether they are based in Newport Beach, CA or Omaha, NE.
  
  

The Institutional Division is a fast-growing and innovative segment of our company, offering exciting opportunities to drive profitability, enhance the pricing process, and build a stronger foundation for future success. This role encourages strategic thinking and creative problem-solving, with a focus on developing scalable, easy-to-understand solutions to complex challenges.

As a Senior Actuary, you will play a critical role in shaping the future of our Pension Risk Transfer (PRT) business. We are looking for a collaborative team player who is skilled at managing stakeholder expectations and prioritizing the team’s success.

How You’ll Help Move Us Forward

• Pricing & Product Development: Design innovative pricing strategies and provide sound recommendations for PRT pricing assumptions.
• PRT Transaction Execution: Oversee PRT pricing schedules, ensuring smooth operations, with the ability to forecast scenarios and mitigate risks.
• Profitability & Performance: Monitor and analyze profitability and business performance, using insights to inform future pricing strategies and drawing connections across deals to uncover valuable insights.
• Stakeholder Engagement: Present, justify, and defend pricing outcomes and/or internal projects to key stakeholders, ensuring alignment with business objectives and transparent communication.
• Strategic Collaboration: Partner with Sales teams to develop competitive, data-driven bidding strategies that align with market conditions.
• Insightful Communication: Extract actionable insights from analysis and effectively communicate findings through compelling storytelling to drive decision-making.
• Intuitive Technical Solutions: Ensure that pricing processes, tools, and technical solutions are clear, understandable, and accessible to both technical and non-technical stakeholders.
• Agile Transformation: Navigate transformation initiatives with agility, fostering a collaborative environment and ensuring solutions align with collective goals.
• Big-Picture Thinking: Balance strategic thinking with day-to-day execution, managing stakeholder expectations and maintaining open, transparent communication across teams members.
  
  

The Experience You Bring

• Qualified Fellow of the Society of Actuaries (FSA) with experience in actuarial pricing, product development, and modeling.
• Bachelor’s degree in Actuarial Science, Finance, Mathematics, Computer Science, or a related field.
• Direct experience with Pension Risk Transfer products.
• Strong sense of ownership with the ability to take initiative and drive results from start to finish, ensuring alignment within scope.
• Demonstrable track record of working effectively with others, providing mentorship, and driving team success.
• Ability to work in a fast-paced, dynamic environment with high degrees of ambiguity and change.
• Ability to see the big picture, drive initiatives with impact, and manage stakeholder expectations effectively.
• Proficiency in Microsoft Excel & VBA.
  
  

What Makes You Stand Out

• Prior experience with Pension Risk Transfer transaction pricing. 
• Strong team player with a growth mindset, focused on continuous improvement, sustainability, scalability, and empowering others to grow and succeed collectively.
• Ability to multitask with shifting priorities under tight deadlines while maintaining calm composure and flexibility in handling urgent requests. 
• Self-starter with strong analytical skills and attention to detail. 
• VBA coding experience and proficiency in related programming languages. 
• Experience with actuarial modeling systems, particularly Prophet. 
  
  

You Can Be Who You Are.

People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

Base Pay Range

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$163,620.00 - $199,980.00

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
• Paid Parental Leave as well as an Adoption Assistance Program
• Competitive 401k savings plan with company match and an additional contribution regardless of participation
  
  

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.