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Job Details

Assistant Actuary Pricing

Company name
Pacific Life Insurance Company

Aliso Viejo, CA

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POSITION SUMMARY:In this role, you will develop innovative life insurance products.  The main responsibilities include:Design, price, and implement life insurance products balancing profitability, marketability and risk.Develop assumptions appropriate for the marketplace.Monitor industry trends including future of transactional underwriting and predictive analytics.Review emerging experience and adjust assumptions and pricing as necessary.Work closely with Product Marketing and provide technical support to the IT, Reinsurance, Finance, Underwriting and Compliance areas.FACTORS FOR SUCCESS:ASA designation in the Society of Actuaries3 Years in the insurance industry with at least 4 years in Life Insurance product design, pricing and implementation.Experience with IUL, VUL and UL pricingGood understanding of the regulations and actuarial guidelines applicable to life insurance products.Strong communication and influencing skills.Ability to handle multiple projects and meet tight deadlines.Proficient in actuarial pricing software, ideally ALFA.#LI-DG1 

Company info

Pacific Life Insurance Company
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Company Profile
For more than 146 years, Pacific Life has been helping to protect individuals and families from financial risks that can affect their investments, retirement savings, and businesses. Pacific Life offers life insurance, annuities, and mutual funds, with a variety of investment products and services, all of which provide. . .The Power to Help You Succeed. A Mutual Holding Company Pacific Life Insurance Company’s organization is relatively unique as we are part of a mutual holding company structure: Policy and contract owners are members of the company. We are not a publicly traded company; therefore, we are not driven by stock price when making decisions. As a result, we can make decisions that benefit our customers and the long-term strength of the company. Our structure allows us to develop innovative products that evolve with the needs of the families and businesses we serve. Our support goes beyond just product innovation; we select businesses and markets that we understand well, can excel in, and provide value to our customers. Consistent Performance Focused on quality assets and capital growth, Pacific Life continues to be financially strong. Our investment portfolio historically produces consistent results while maintaining low exposure to non-investment-grade securities and other high-risk assets. Pacific Life maintains strong financial strength ratings from all major ratings agencies.

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