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Product Design Actuary

Company: Pacific Life
Location: Aliso Viejo
Posted on: May 16, 2022

Job Description:

Job Description:
Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a credentialed Actuary to join our Product Development team in Aliso Viejo, CA. This role can be on-site or 100% remote.

As an Associate Actuary on the Product Design team, you will play a key role in Pacific Life's growth and long-term success. This position will report to an AVP or Director - Product Design. You will fill an existing role that sits on a team of four people in the Life Division. Your colleagues will include fellow product design and actuarial professionals. We are looking to hire at the Associate 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 will make an impact:
Participate in market, product research and pricing activities aligned with divisional and enterprise pricing guidelines
Drive assumptions specific to new concepts and secure relevant approvals
Stay current with all the regulatory changes and other new pricing or risk management developments that could impact product pricing for the product lines the team supports
Own pricing models during the pricing process and maintain appropriate documentation
Collaborate with other stakeholders (e.g. ALM, investment, reinsurance, ---) to research creative solutions to better support our growing product development needs (e.g. risk mitigation and hedging strategies for new products).
Stay on top of emerging technology and research how they can be leveraged to further solidify PL competitive positioning.

The experience you will bring:
Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Services, or related field
ASA or FSA designation in the Society of Actuaries
6+ years actuarial experience
4 or more years of product development working experience
Adequate understanding of the regulations and actuarial guidelines applicable to life insurance products.
Ability to research and generate creative solutions on various product related issues.
Strong communication skills to present business solutions in a clear and concise manner and to collaborate effectively with actuarial and non-actuarial partners.
Strong research/analytic capability and innovative thinking.

What will make you stand out:
Modeling experience with open source platforms preferred
Life insurance product experience highly preferred
FSA highly preferred

More reasons to join:
At Pacific Life, the work we do matters. We work passionately each day to drive our company forward while enjoying 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 500 Company, Pacific Life is the place for you. If you are a self-starter who appreciates creativity and individuality in your colleagues - even better. We look forward to receiving your application.

You belong at Pacific Life
At Pacific Life we believe you belong. We foster a culture of belonging, a space where all employees are empowered to be authentic. We embrace and celebrate diversity, create a culture of equity and inclusion, and value and respect every employee. ---

Our workplace:
In 2020, we demonstrated agility and swiftly shifted to a working-from-home environment with little to no disruption. Going forward, we will move toward a hybrid, digital-first workplace that encompasses flexible work policies, inclusive space design, and innovative technology solutions. At Pacific Life, we are pioneering a trail and challenging the status quo to build the next normal.
Want to learn more about life at Pacific Life? Take an inside look at our company culture:


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:

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 company match and Company Retirement Contribution (company-paid)

Generous PTO and holiday pay

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, Aliso Viejo , Product Design Actuary, Accounting, Auditing , Aliso Viejo, California

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