Assistant Vice President, Protection Pricing at Pacific Life

Aliso Viejo, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Reinsurance, InsuranceIndustries

Requirements

Minimum of 10 years’ experience in life (re)insurance pricing, with a strong background in North American Protection markets
Demonstrated expertise in actuarial pricing techniques, financial modelling, and risk assessment
Detailed knowledge of Long-Term Care modelling and assumptions highly desirable
Working knowledge of capital and accounting bases relevant to pricing decisions
Strong analytical mindset with proven experience in leveraging data sources for enhanced pricing accuracy
Excellent communication and stakeholder management skills, capable of influencing and engaging across all levels
Leadership experience, including mentoring and developing pricing professionals within a team setting
Ability to navigate complex negotiations

Responsibilities

Lead the development and execution of pricing models, ensuring technical rigor and commercial viability
Oversee the timely and accurate delivery of pricing terms for both new and in-force business, maintaining high standards in experience analyses and pricing papers
Ensure compliance with established pricing frameworks, risk management policies, and documentation standards
Support the VP in shaping the North American protection pricing strategy by providing analytical insights and actionable recommendations
Maintain a deep understanding of client requirements, regulatory developments, and market trends to inform pricing decisions
Assist in refining pricing bases and methodologies, leveraging superior data sources to enhance pricing precision
Work closely with key functions within the Protection Line of Business, including Client Solutions, Claims & Underwriting, and R&D, to ensure pricing alignment with business goals
Serve as a conduit for effective communication between Pricing and operational teams such as Finance, Corporate Actuarial, and Operations, ensuring seamless workflow integration
Support the VP and broader leadership team in client engagement, contributing technical expertise in client discussions, published research, and industry presentations
Lead and mentor junior pricing professionals, fostering a strong pipeline of future talent
Champion a collaborative and innovative culture within the Pricing Team, driving engagement, motivation, and professional development
Assist in performance evaluations and succession planning within the Pricing function

Skills

Key technologies and capabilities for this role

Pricing ModelsExperience AnalysesRisk AssessmentFinancial ModellingPricing Pipeline ManagementActuarial PricingData AnalysisStakeholder CollaborationReinsurance Pricing

Questions & Answers

Common questions about this position

What is the salary for this Assistant Vice President role?

This information is not specified in the job description.

Is this position remote or does it require office work?

This information is not specified in the job description.

What key skills are required for the AVP, Protection Pricing role?

The role requires expertise in pricing model development, experience analyses, risk assessment, financial modelling, and leadership in mentoring junior professionals.

What is the company culture like at Pacific Life Re?

The company pursues excellence and innovation, encouraging people to disrupt and challenge industry thinking while fostering continuous learning.

What makes a strong candidate for this AVP position?

Strong candidates will have proven leadership in pricing execution, strategic analytical insights, stakeholder collaboration skills, and experience mentoring teams in a reinsurance environment.

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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