Pricing Actuary at Pacific Life

Aliso Viejo, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Reinsurance, Life InsuranceIndustries

Requirements

FSA, or equivalent actuarial designation with 4+ years of insurance/reinsurance experience
Experience in reinsurance or direct insurance pricing, with a focus on individual life products
Strong understanding of actuarial principles, risk assessment, and financial structuring of reinsurance deals
Proficiency in actuarial modelling software (e.g., Axis, Tyche, Prophet) and data analytics tools (e.g., SQL, Python, R, Tableau, Excel/VBA)
Excellent technical, analytical, and problem-solving skills
Effective communication and interpersonal skills
Strong organizational and time management skills
Innovative mindset with a focus on continuous improvement
Proactive, self-motivated, and able to work independently
Works independently, receives minimal guidance

Responsibilities

Contribute to the assessment of U.S. reinsurance block or flow opportunities from both a pricing and risk perspective
Manage pricing projects and quotes with support from senior actuarial colleagues
Support the development of pricing assumptions for new opportunities, including mortality, lapse, and expense assumptions, under the guidance of senior team members
Collaborate with cross-functional teams (e.g., Business Development, Underwriting, Risk Management and R&D) to support pricing initiatives
Maintain and enhance pricing models and tools
Prepare pricing documentation and presentation for internal stakeholders
Stay informed on market trends and developments in North America reinsurance space
Contribute to the continuous improvement of pricing processes and frameworks

Skills

Key technologies and capabilities for this role

Actuarial PricingReinsuranceMortality AssumptionsLapse AssumptionsExpense AssumptionsPricing ModelsExperience AnalysisRisk Assessment

Questions & Answers

Common questions about this position

What salary can I expect for the Pricing Actuary role?

This information is not specified in the job description.

Is this Pricing Actuary position remote or office-based?

This information is not specified in the job description.

What qualifications and skills are required for the Pricing Actuary role?

Candidates need an FSA or equivalent actuarial designation with 4+ years of insurance/reinsurance experience, experience in reinsurance or direct insurance pricing for individual life products, proficiency in actuarial modelling software like Axis, Tyche, Prophet and data tools like SQL, Python, R, Tableau, Excel/VBA, plus strong analytical, communication, and organizational skills.

What is the company culture like for this Pricing Actuary position?

The company values technical expertise, innovative thinking, and the ability to communicate complex ideas effectively, with an emphasis on collaboration with cross-functional teams and continuous improvement.

What makes a candidate stand out for the Pricing Actuary role?

Standout candidates have experience in the U.S. individual life and annuity markets including mortality and lapse assumptions, familiarity with pricing and financial modeling for reinsurance, strong mentoring skills, and project management abilities.

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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