Pacific Life · 1 day ago
Senior Actuary (FSA) - Annuity Product Development
Newport Beach, CA
Full-time
Onsite
Senior Level
$164K/yr - $200K/yrPacific Life is a company dedicated to providing security and support for its policyholders. The Senior Actuary will play a crucial role in the growth and success of the Annuity Product Development team by developing new products and maintaining existing ones, while balancing profitability and competitiveness.
FinanceFinancial ServicesInsurance
Responsibilities
Balance product profit, risk, and market competitiveness; test creative solutions to challenges encountered in product design, pricing, and implementation process
Support new product design and pricing following existing profit and risk management guidelines and procedures
Run pricing models covering all major product types: Registered Index-Linked Annuities, Variable annuities, Fixed-Indexed annuities, Index-Linked Variable annuities, and Fixed annuities as part of the semi-annual product suite repricing
Analyze pricing results to extract notable drivers of results/trends and suggest actions in response to results
Effectively communicate analysis in a way that is appropriate for intended audience
Challenge the status quo of current tools and processes. Continuously identify areas for improvement and propose/engineer solutions to enhance and streamline
Collaborate with other stakeholders (e.g., product strategy, product innovation, sales & distribution, finance & risk, investment) to help develop solutions to better support our growing product development needs
Provide guidance and expertise to junior staff members on the team
Qualification
Required
Bachelor's Degree in Actuarial Science, Mathematics, or similar field
FSA designation required
Previous experience with Actuarial Modeling Software (e.g. Prophet, MoSes, Turbo etc.) and proficiency in Microsoft Excel
Excellent written and verbal communication. Ability to present complex information in a clear and concise manner to various audiences
Self-starter with strong organizational, time management, and interpersonal skills
Ability to work both independently and collaboratively as part of a team and manage long-term projects
Preferred
Effectively managing multiple projects and deliverables simultaneously
A natural curiosity to discover root drivers of profit and risk
Perform detail-oriented analysis to substantiate reasonability of results
Experience with Life and Annuity products, or asset and liability projections
Ability to present recommendations and observations to senior stakeholders, technical peers, and junior actuaries
Benefits
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
Company
Pacific Life
Pacific Life Insurance is an insurance company that provides life insurance products, annuities, and mutual funds.
Founded in 1868
1001-5000 employees
H1B Sponsorship
Pacific Life has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (14)
2024 (9)
2023 (16)
2022 (19)
2021 (14)
2020 (17)
Funding
Current Stage
Late StageTotal Funding
$1.44B2025-09-03Debt Financing· $750M
2025-06-18Debt Financing· $688.57M
Leadership Team
Howard Hirakawa
Senior Vice President and Fund Advisor Operations
Joe Krum
Senior Vice President & Managing Director, Global Institutional Investment Group
Recent News
Private Capital Journal
2025-12-05
2025-11-22
Company data provided by crunchbase