Product Actuary
Ethos LifeSalary not specified
Full Time
Expert & Leadership (9+ years)
Senior Actuary - Life Product Management at Pacific Life
Newport Beach, California, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries
Requirements
- 6+ years of actuarial working experience in a financial institution or insurance company
- 4-year Math degree or equivalent experience
- FSA designation
- Strong quantitative, analytical, organizational and time management skills
- Effective communication skills to present business solutions in a clear and concise manner
Responsibilities
- Manage life products currently sold to ensure marketability, profit, and risk balance continues throughout the product’s lifetime, and products meet pricing guidelines
- Collaborate with technical & non-technical audiences within and outside the Product Development department
- Develop understanding of product profitability and risk profile across all life product lines
- Be responsible for quarterly business reporting (QBR) analysis, perform technical review of quarter over quarter changes, and present results in Pricing meetings and other platforms
- Provide regular and accurate pricing updates of life insurance products, reflecting current economic, competitive, investment, risk management, and experience assumptions
- Provide line of sight to management on key drivers of profitability and identify drivers of change to pricing results
- Interact with Risk Management, Valuation, Sales and Marketing to ensure enterprise-wide view is considered when setting and implementing department’s strategies
- Perform analysis on sales and capital projections, manage profitability under different pricing metrics including statutory, economic and other potential frameworks
Skills
Actuarial Pricing
Life Insurance Products
Profitability Analysis
Risk Management
Quarterly Business Reporting
Pricing Assumptions
Economic Assumptions
Sales Projections
Capital Projections
Financial Modeling
Pacific Life
About Pacific Life
Newport Beach, CaliforniaHeadquarters
1868Year Founded
$189.4MTotal Funding
N/ACompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees