Director & Actuary - Pricing Model Development Lead at Pacific Life

Newport Beach, California, United States

Pacific Life Logo
Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

  • Bachelor’s degree in Actuarial Science, Mathematics, or related field
  • 7+ years of experience in actuarial modeling, preferably within pricing or ALM functions
  • Hands-on expertise with Prophet, MoSes, Excel, or comparable modeling platforms
  • Advanced-level experience in at least one programming language such as Python
  • Strong understanding of institutional product mechanics including group annuities and Synthetic GIC products
  • Demonstrated ability to lead and coach a modeling team across levels
  • Excellent communication, documentation, and cross-functional collaboration skills

Responsibilities

  • Lead the design, development, and optimization of pricing models for institutional products, ensuring compliance with Enterprise Pricing Guidelines
  • Provide model design thought leadership to persuade stakeholders including senior management on choices that would serve their best interests
  • Mentor and develop a high-performing team, fostering product expertise, model innovation, model design excellence, and cultivate team behaviors to produce strong stakeholder engagement
  • Partner with internal stakeholders to implement a change management workflow for your team that prioritizes feature requests and translates business needs into scalable, high-quality model builds
  • Ensure model development processes meet governance and testing standards
  • Ensure that pricing features slated for transition to inforce can meet regulatory expectations
  • Collaborate with IT and Engineering Excellence teams to manage system architecture, version control, and model deployment best practices
  • Provide actuarial modeling and effective challenge for initiatives aligned to the CMD product roadmap
  • Support team hiring, onboarding, performance coaching, and succession planning aligned with Pacific Life’s inclusive talent strategy

Skills

Actuarial Modeling
Pricing Models
Model Development
Model Optimization
Model Design
Change Management
Stakeholder Engagement
Team Mentoring
Product Strategy
Institutional Products

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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