At a Glance
- Tasks: Lead a dynamic pricing team and develop innovative life insurance products.
- Company: Join Pacific Life, a purpose-driven company transforming the insurance industry.
- Benefits: Competitive salary, relocation assistance, hybrid work model, and a supportive environment.
- Other info: Diverse and inclusive workplace with excellent growth opportunities.
- Why this job: Make a real impact on people's lives while advancing your career in a collaborative setting.
- Qualifications: FSA with 10+ years in actuarial pricing and strong leadership skills.
The predicted salary is between 40500 - 49500 £ per year.
Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead - our policyholders count on us to be there when it matters most.
It's a big ask, but it's one that we have the power to deliver when we work together.
We collaborate and innovate - pushing one another to transform not just Pacific Life, but the entire industry for the better.
Why?
Because it's the right thing to do.
Pacific Life is more than a job, it's a career with purpose.
It's a career where you have the support, balance, and resources to make a positive impact on the future - including your own.
We're actively seeking a talented Actuary & Director to join our Life Insurance Pricing team.
This role is on‑site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC.
If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
This role is hybrid.
We believe in empowering our employees to get work done both in and out of the office.
As an Actuary & Director - Life Pricing you'll move Pacific Life, and your career, forward by playing a key role in Pacific Life's growth and long‑term success by leading product development initiatives for our life insurance business.
You will work closely and collaboratively with numerous areas including Pricing and Product Development, Risk Management, Modeling and Sales within the Consumer Market Division and across the enterprise.
You will fill a new role that sits on a team of 20 people in the Consumers Market division.
Your colleagues will include actuaries and analyst which have a wide range of expertise.
The Life Pricing team works in a fast paced and evolving marketspace, and we value professional judgement, nimble learning, and leadership skills.
How you'll help move us forward
- Lead and develop a pricing team; oversee product pricing activities for the pricing team and perform analysis or duties that requires pricing expertise.
- Lead product pricing, support product implementation, execute project plan with on time high quality deliveries.
- Stay current with all regulatory changes and other new pricing or risk management developments that could impact our product lines.
- Ensure product development follows product pricing guidelines, meets all regulatory requirements, and meets all internal profit/risk governance standards; secure all required product approvals.
- Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk for the products being priced to deliver leading edge life insurance products.
- Work with a team of support staff to grow talent and provide development advice and support.
The experience you bring
- FSA with 10+ years of related experience in actuarial pricing and product development.
- Direct experience developing life insurance products.
- Bachelor's degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field.
- Strong management, team‑building, and communication skills.
- Excellent project management and business partnering abilities.
- Proven leadership with a strong sense of urgency.
- Ability to understand the big picture and mobilize initiatives in ambiguous situations.
- Proficiency in Microsoft Excel.
What makes you stand out
- FSA with 10+ years of actuarial experience.
- Prior experience developing life insurance products.
- Thought leader with a mindset focused on continuous improvement, sustainability, and scalability.
- Ability to multitask with shifting priorities under tight deadlines.
- Self‑starter with strong analytical skills and attention to detail.
- VBA coding experience and proficiency in related programming languages.
- Experience with actuarial modeling and statistical analysis programs, particularly Prophet and R, MG‑ALFA, GGY‑AXIS
Salary Ranges per Location
You can be who you are.
People come first here. We're committed to a diverse, equitable and inclusive workforce.
Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www. pacificlife. com.
What's life like at Pacific Life?
Visit Instagram. com/lifeatpacificlife.
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.
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Actuary & Director, Life Insurance Pricing employer: pacificlife
Pacific Life is an exceptional employer that fosters a collaborative and dynamic work environment, particularly for the Director of Life Pricing & Actuarial Strategy role. With a strong emphasis on employee growth and leadership opportunities, this position not only supports relocation but also encourages innovation in product development within the life insurance sector. Join us to be part of a team that values your contributions and offers a fast-paced atmosphere where your expertise can truly make a difference.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary & Director, Life Insurance Pricing
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like pacificlife). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like pacificlife. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuary & Director, Life Insurance Pricing
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at pacificlife.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at pacificlife. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at pacificlife
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at pacificlife to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at pacificlife, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding pacificlife's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
