Senior Actuary at Pacific Life

Newport Beach, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Actuarial expertise
Research and development experience
Pricing and risk management skills
Collaboration and stakeholder management skills
Ability to understand and apply product and risk strategies

Responsibilities

Drive Product Research and Pricing Projects: Assist in the design and pricing of innovative life insurance products
Complete R&D pricing activities: Collaborate with R&D team and other stakeholders to advance the research and development and viability phases
Perform Actuarial Research Expertise: Conduct actuarial research, including modeling new features and understanding pricing levers
Develop Educational Materials: Actively participate in creating valuable, insightful educational materials for financial professionals (FPs) and their clients
Ensure Alignment with Strategies: Ensure the product development process aligns with divisional and enterprise product and risk strategies
Feedback Collection and Analysis: Partner with product intelligence team to collect feedback on existing products’ performance
Risk Identification: Identify key risks and option trade-offs within product ideas
Stakeholder Communication: Present internal projects to key stakeholders
Technical Support: Provide technical support to implementation teams

Skills

Actuarial Modeling

Life Insurance Pricing

Risk Management

Product Research

Stakeholder Management

Pricing Levers

R&D Pricing

Actuarial Research

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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