Assistant Actuary Pricing Jobs

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Assistant Actuary to join the Institutional Pricing Project Team in Newport Beach, CA.

As an actuary on the Pricing team within the Institutional Division (ID), you will play a key role in Pacific Life’s growth and long-term success. You will be responsible for the development and pricing of new products rollouts in the rapid growing DCLI market.

Location is flexible allowing you to sit in Newport Beach, CA, Omaha, NE, or Lynchburg, VA. We are open to 100% remote but preference will be given to individuals located or willing to relocate near an office.

While our team aims to hire at the Assistant Actuary level, candidates who meet most but not all requirements are encouraged to apply. Actual job title will be based on experience and skillset.

How You Will Make An Impact

• Train and mentor actuarial students as needed
• Identify areas of potential improvements and recommend/implement solutions with emphasis on innovation, efficiency, and governance
• Research, design and develop pricing models/prototypes in Prophet/Python/Excel for new DCLI products
• Effectively communicate findings to stakeholders from pricing, product development, risk management and other relevant areas
• Implement assumption and methodology changes to pricing models, complying with all model risk management standards, especially documentation and testing requirements
• Assist in implementing products for new business pricing and operational readiness
• Identify key risks in new product initiatives and quantifying financial impacts of the risk by designing and performing attribution and sensitivity analysis
• Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk.
• Support assumption setting, product design and product approval
• Actively pursue the FSA credential

The Experience You Will Bring

• Ability to work independently and collaboratively as part of a team as well as manage long-term projects
• Advanced experience in Excel with VBA coding proficiency
• 4+ years of actuarial experience with an ASA designation
• Bachelor’s in Actuarial Science, Finance, Mathematics or related field or equivalent work experience
• Strong organizational, communication, and interpersonal skills
• Excellent analytical, problem-solving, and decision-making skills

What Will Make You Stand Out

• Solid experience with actuarial modeling software
• Experienced with other programing languages and/or databases
• Experienced with Prophet
• Solid understanding of the financial metrics and key drivers for pricing results
• Prior experience in annuity/life actuarial capacity
• Experienced with scientific computing in Python

Want to learn more about life at Pacific Life? Take an inside look at our company culture: Instagram.com/lifeatpacificlife.

Base Pay Range

The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay.

$103,000.00 - $128,800.00 - $173,900.00

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.

• Paid Parental Leave as well as an Adoption Assistance Program
• 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
• Competitive 401k savings plan with company match and an additional contribution regardless of participation

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.