Overview As Director & Actuary in Pacific Life's Annuity Product Development team, you will lead a small actuarial group to design, price, and launch value-driven annuity products. You'll balance profit, risk, and competitiveness while translating data into strategic insights for senior management. You'll work cross-functionally to drive profitable growth and continuously improve pricing tools and processes. This is a hybrid role with relocation support and opportunities to shape long-term product strategy.
Compensation / Benefits- relocation assistance
- hybrid work schedule
- medical, dental, vision
- wellbeing reimbursement account
- paid time off
- parental leave & adoption assistance
Responsibilities- Lead and develop a pricing team (2-4 actuaries) to design, price, and launch new annuity products
- Balance product profit, risk, and market competitiveness; innovate pricing/design solutions
- Design and price products following profit and risk guidelines
- Oversee pricing models for Variable, Fixed-Indexed, Index-Linked variable, and Fixed annuities
- Support pricing and analysis to drive profitable growth across actively sold retail annuities
- Incorporate industry, regulatory, and market trends into development cycles
- Synthesize data into cohesive insights to support product strategy and execution
- Collaborate with stakeholders (product strategy, innovation, sales, finance, risk, investment) to enable strategic growth
- Continuously improve pricing tools and processes; lead multi-faceted projects and present findings to senior management
- Independently lead projects and present final pricing and risk assessments to cross-functional leadership
Key requirements- Bachelor's Degree in Actuarial Science, Mathematics, or similar field
- FSA designation
- At least 10 years of actuarial experience with annuity pricing and/or risk management
- Excellent written and verbal communication; strong leadership
- Strong organizational, time management, and interpersonal skills
- Ability to work collaboratively as part of a team
- Leadership
- Communication
- Collaboration
- Actuarial pricing
- Pricing models for annuities (variable, fixed-index, index-linked, fixed)
- Risk management
