Director & Actuary - Product Design

Company: Pacific Life
Location: Aliso Viejo
Posted on: March 15, 2020

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 talented Director and Actuary to our team in Aliso Viejo, CA. As Director and Actuary, you’ll play a key role in Pacific Life’s growth and long-term success by leading and developing a pricing team to conduct product pricing activities within the Life Insurance Division. While reporting to the Product Design AVP, you’ll lead product pricing, support product implementation and execute project plan with on time high quality deliveries and other duties that requires pricing expertise. If you’re an expert in the regulations and actuarial guidelines applicable to life insurance projects, you’re perfect for our team. Financial capabilities aside, if you’re a mission-driven self-starter who’s comfortable with ambiguity, and who thrives in a fast-paced, collaborative environment, you’re exactly who we’re seeking. *Job level may vary based on skills and experience What You’ll Do Stay current with all regulatory changes and other new pricing or risk management developments that could impact our product lines Ensure product development follows product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards. Secure all required product approvals Coordinate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk for the products being priced Provide technical guidance and support to product implementation teams (e.g. IT, Compliance, Marketing, etc.) Collaborate with related stakeholders and teams to resolve issues encountered in product development process Analyze product development process, recommend enhancement to improve efficiency and quality control Work with direct reports to establish development goals, evaluate their performance, and provide development advices and support; conduct annual performance review Factors for Success Bachelor’s 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; minimum 8 years of total actuarial experience preferred 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 Have experience in managing and developing actuarial staff Strong research/analytic capability and innovative thinking a plus Experience of managing life insurance product design and implementation a plus A career at Pacific Life is more than a job. Here, 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 500 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-AI1 At Pacific Life, we know we’re better when you can be your whole self – both in and out of the office. That’s why we also allow employees to build flexibility into their work schedules, provided they consistently achieve their goals and provide demonstrable value for our policyholders. In addition to the value we provide for our employees and policyholders, we are also renowned for our philanthropic work, having donated over $109M to nonprofits over the past 33 years. All this considered, it’s no wonder we were named one of America’s Best Mid-Size Employers by Forbes in 2019. Simply put, if you want to find fulfillment in both your career and your life, join our team at Pacific Life, where power meets purpose.For more than 150 years, Pacific Life has offered our clients innovative products and services that help them to reach their financial goals and safeguard their futures. To ensure our next 150 years are as prosperous as our first 150, 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 bonus program * 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 vacation time and holiday pay For additional information about open positions and other opportunities to join our team, visit www.pacificlife.com/home/Careers.html.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 , Director & Actuary - Product Design, Other , Aliso Viejo, California