AVP Product Design

Company: Pacific Life
Location: Aliso Viejo
Posted on: May 10, 2020

Job Description:

Job DescriptionPacific 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 an AVP of Product Design to our Life Division located in Aliso Viejo, CA. As the AVP of Product Design, you will play a key role in Pacific Life's growth and long-term success by leading pricing teams to design, price and implement innovative life insurance products to support Life Insurance Division's product strategies as well as perform other duties or analysis that requires pricing team's expertise. What You'll Do * Establish a vision on how the pricing team(s) should perform to effectively support division's product strategy and business objectives. * Take project sponsor role and work with other stakeholders to establish product development plan; manage resources to deliver products according to plan with high quality; * Balance product profit, risk and market competitiveness; provide creative solutions to problems encountered in product design, pricing and implementation process. * Collaborate with business partners to establish and maintain product development processes with effective early communication to prevent late stage surprises; evaluate the process periodically and make adjustment as needed. * Stay current on life insurance related regulatory changes; understand the impact of the regulation change on our products; ensure that products developed meet all applicable regulatory requirements. * Be a major contributor to the development of our product pricing guidelines; design and price products following existing profit and risk management guidelines and procedures. * Forward thinking on pricing improvements and environmental changes which may impact product development * Actively participate in product research and product strategy discussion; provide pricing support in testing new ideas and concepts. * Provide professional opinions and technical support through participation in various profit and risk management committees or research activities. * Identify business needs and provide guidance to leverage effective support from modeling team * Establish short term and long term development plans for pricing team(s) and staff under management; have succession plan for key roles; monitor results and make adjustment as needed 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 * FSA and Member of the American Academy of Actuaries with at least 10 years of life insurance experience * Good understanding of general business concepts, insurance strategies and marketing concepts for life insurance products * Extensive knowledge on life insurance product development, risk management, or other actuarial expertise * Solid understanding of the regulations and actuarial guidelines applicable to US life insurance products * Strong leadership in engaging, organizing and developing a large team of actuary; at least three years of experience in managing and developing actuarial or non-actuarial staff desired * Strategic thinking; ability to effectively communicate and collaborate with stakeholders and business partners at all levels to resolve issues and drive product development initiatives forward * Ability to lead multiple large projects and meet tight deadlines with thoughtful planning and effective execution * Able to research and generate creative solutions on product related issues * Experience using actuarial pricing software 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 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! 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

Keywords: Pacific Life, Aliso Viejo , AVP Product Design, Other , Aliso Viejo, California