AVP Actuary, Annuity Pricing
- Pacific Life
- Newport Beach, CA, USA
Job Description
Job Description:
We’re actively seeking a talented AVP Actuary, Annuity Pricing to join our Annuity Product Development team in Newport Beach, CA, Omaha, NE, or Charlotte, NC. This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, we offer comprehensive relocation assistance. Remote candidates will be considered depending on experience.
As an AVP Actuary, Annuity Pricing, you will co-lead pricing and product strategy initiatives for our annuity business, delivering retirement solutions to our clients. In this role, you will evaluate market opportunities, identify risks, and assess the profitability of new and existing offerings within the Consumer Markets Division's annuity portfolio. This position plays a key role in bringing annuity solutions to market, from concept through launch, while supporting the division's growth objectives.
The ideal candidate has a deep understanding of the annuity landscape and end-to-end product lifecycle, including pricing, filing, and launch activities. Strong attention to detail, problem-solving skills, and a proactive approach will help a candidate stand out.
You will lead a team of pricing actuaries, develop innovative solutions that address evolving customer and market needs, and ensure offerings achieve an appropriate balance of customer value, profitability, and risk management. In addition, you will guide initiatives through the Product and Risk Governance processes.
How you’ll help move us forward:
Lead and develop a team of pricing actuaries to assess product opportunities in a rapidly changing economic, regulatory, and competitive environment
Actively engage in the development of new products and the enhancement of existing products
Evaluate and enhance the annuity pricing framework, with focus on enabling understanding of multiple accounting regimes and pricing metrics
Design products with an eye on adaptability to changing competitive, regulatory, and economic environments
Secure product approvals through pricing and risk committees
Lead product filing efforts in conjunction with our Compliance team
Create transparency within the division and enterprise around pricing results, including methodologies and assumptions used and sensitivity testing
Collaborate with Risk Management and Finance to identify risk management tools to manage our product suite, and appropriately incorporate into pricing
Champion innovation and modernization initiatives, leveraging emerging technologies, including AI and advanced analytics, to enhance pricing capabilities, streamline processes, improve team productivity, and accelerate speed to market.
The experience you bring:
10+ years of actuarial experience
FSA designation, including 3 years of actuarial experience post FSA designation
Deep knowledge of annuity products, product features, pricing methodologies, and market dynamics, with the ability to identify emerging opportunities and develop innovative product solutions
Experience leading products through the full product development lifecycle, including pricing, risk assessment, governance, regulatory filing, implementation, and launch
Strong financial acumen, including expertise in Statutory, GAAP, and economic reporting frameworks, capital markets, and the ability to evaluate and communicate key drivers of profitability, risk, and value creation
Proven people leadership experience with a track record of coaching, developing, and mentoring actuarial talent while building a high-performing, collaborative team environment
Strong technical and analytical capabilities, including the ability to solve complex business problems and translate actuarial insights into actionable recommendations
Excellent communication and influencing skills, with the ability to establish credibility across the enterprise and effectively engage leaders across Product, Sales, Risk Management, Finance, and Investments
Demonstrated strategic mindset with the ability to establish a long-term vision, drive change, challenge the status quo, and execute against evolving business priorities
Ability to thrive in a fast-paced environment, balancing multiple initiatives while adapting to changing market conditions and organizational needs
Salary Range: $230,000 - $255,000
Base Pay Range:
The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
Paid Parental Leave as well as an Adoption Assistance Program
Competitive 401k savings plan with company match and an additional contribution regardless of participation
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
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Move your career forward
We’re over 150 years old, but there’s more to us than heritage. We’re ambitious. We’re committed to building a better future – for our organization, our employees, our customers, and our communities – and we have the experience, resources, and financial strength to make it happen. We’re investing in innovation. We’re honing our expertise. We’re empowering our people: growing digital skills and fostering the disruptive thinking we need to give us the edge in an increasingly competitive global marketplace. Have ambitions of your own? Let’s achieve them together.
People come first here
At Pacific Life, we believe that success comes down to our people. That’s why we’re committed to embracing a flexible, diverse, and inclusive workplace where you can be your best self and do your best work. Our people-first culture creates a sense of belonging and prioritizes employee wellbeing, empowering you to achieve your full potential through our holistic health benefits, flexible working options, and a vibrant community of people working towards a shared purpose. You can connect with colleagues through employee connections groups, sharing your passions, interests, and ideas. Learn more about our Life at Pacific Life
