Associate Actuary - Life 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 Associate Actuary to join our Life Pricing Team in Newport Beach, CA or Omaha, NE.
• This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.
As an Associate Actuary you’ll move Pacific Life, and your career, forward by understanding our consumer’s needs, Pacific Life’s pricing methodology, and developing our products toward successful market readiness. You will fill a new role that sits on a team of 17 people in the Consumer Life Division. You will work closely and collaboratively with numerous areas including Pricing and Product Development, Risk Management, Modeling and Sales within the Consumer Market Division and across the enterprise.

As an actuarial student, you will automatically be enrolled in our Student Actuarial Rotation Program. The purpose of the Program is to develop and broaden the skills, knowledge, and breadth of experience of actuaries across Pacific Life. Students typically rotate every 18-24 months, which aims to expose them to multiple functional areas, products, and technologies. The Actuarial Student Program provides competitive benefits designed to encourage and assist with progress toward the Fellowship designation including paid study time, expense reimbursement for registration fees and study materials, and bonuses and raises associated with passing exams and modules.
How you’ll help move us forward:

• Design, price, and implement life insurance products balancing profitability, marketability, and risk.

• Review emerging experience and adjust assumptions and pricing as necessary.

• Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk.

• Monitor industry trends including future of transactional underwriting and predictive analytics.

• Maintain pricing models and implement improvements.

The experience you bring:

• Bachelor’s degree in Actuarial or a related field.

• Near ASA to ASA Designation and 4 years of actuarial experience.

• 4+ years of actuarial experience.

What makes you stand out:

• Ability to work and solve minor issues independently.

• Strong modeling and technical skills.

• Strong communication skills.

• Prior pricing experience.

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.
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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.

$121,770.00 - $148,830.00

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.