Product Design Actuary
Company: Pacific Life
Location: Aliso Viejo
Posted on: May 16, 2022
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
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
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. ---
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
Want to learn more about life at Pacific Life? Take an inside look
at our company culture: Instagram.com/lifeatpacificlife.
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
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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