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Director & Actuary - Product Design

Company: Pacific Life
Location: Aliso Viejo
Posted on: September 5, 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 Director & Actuary to join our Life Division located in Aliso Viejo, CA. As a member of the Product Design team, you will play a key role in Pacific Life's growth and long-term success. This position will report to the AVP - Product R&D. *While our team aims to hire at the Director 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 * Be Product Design Lead in developing risk mitigation and hedging strategies for new products. * Collaborate with other stakeholders (e.g. ALM, investment, reinsurance...) to research creative solutions to better support our growing product development needs. * Work closely with the Product Management team to enhance existing product or rider designs. * Lead Product Design's internal risk review of new products/features. * Stay on top of emerging technology and research how they can be leveraged to further solidify PL competitive positioning. * Support pricing teams to resolve issues encountered in product development process. * Develop talents. Work with direct reports to establish development goals, evaluate their performance, and provide development advice and support. Conduct annual performance review. 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 Mathematics, Statistics, Economics, Actuarial Services, or related field * FSA or ASA designation in the Society of Actuaries with at least 5 years of life insurance product development working experience * Good 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. * Ability to lead multiple projects and meet tight deadlines with thoughtful planning and effective execution. * Strong research/analytic capability and innovative thinking. * Experience in managing and developing actuarial staff 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-AI1Pacific Life is fully committed to supporting our team with a safe and healthy work environment. During these challenging times, we're using digital technology and remote work options to ensure every employee is empowered to contribute to their full potential while growing their careers at Pacific Life. Pacific Life is a growth-oriented company with a strong and competitive position within the life insurance, retirement savings, and reinsurance markets. It holds top 15 market positions in almost all of its key products and has a diverse product portfolio serving the key markets of the highly affluent, broad market, small and mid-size businesses, and the institutional space. It has a global presence through its reinsurance business, with key markets in the U.K., Asia, and Australia. Pacific Life's structure as a mutual holding company is a competitive advantage, allowing the company to make decisions with a long-term view for the best interests of the organization and its policyholders. Pacific Life has a stellar reputation for service and value to the financial intermediaries and distribution channels that distribute our products. We firmly believe each of our employees play a part in our continued growth and success, and we pride ourselves in providing a work environment that

Keywords: Pacific Life, Aliso Viejo , Director & Actuary - Product Design, Executive , Aliso Viejo, California

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