Actuary & Director - Annuity Product Innovation

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 of Annuity Product Innovation to join our Research and Development 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.

As an Actuary & Director of Annuity Product Innovation, you will move Pacific Life, and your career, forward by researching, testing, and developing innovative and market-driven annuity products and offerings. You will collaborate with stakeholders, both externally and across various Pacific Life departments, to develop product solutions that address key customer retirement income needs and meet pricing, profitability, and risk targets.

How You’ll Help Move Us Forward:

• Drive Product Research and Pricing Projects: Lead the design and pricing of innovative annuity products that are competitive and attractive in the marketplace.

• Lead R&D Phase: Serve as the lead actuary during the research, development, and viability phases, providing actuarial solutions to challenges encountered in annuity product development.

• Educational Materials Development: Actively participate in creating educational materials and tools for financial professionals and clients to clearly explain annuity features, benefits, risks, and retirement income trade-offs.

• Ensure Strategic Alignment: Ensure the annuity product development process aligns with divisional and enterprise product, capital, and risk management strategies.

• Feedback Collection and Analysis: Collect and analyze feedback on existing annuity products, market trends, and unmet customer needs to identify opportunities for enhancements or new offerings.

• Risk Identification: Identify key risks, hedging considerations, and option trade-offs inherent in annuity designs to support sound decision-making.

• Stakeholder Communication: Communicate clearly and proactively with stakeholders throughout early development stages to avoid late-stage issues or misalignment.

• Technical Support: Provide technical support to implementation teams, including IT, Compliance, Marketing, and Operations, as needed

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.

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.