Associate Actuary – Institutional Pricing
| Company | Pacific Life |
|---|---|
| Location | Newport Beach, CA, USA, Omaha, NE, USA |
| Salary | $121770 – $148830 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level, Senior |
Requirements
- Minimum 4 years of actuarial experience and working towards FSA designation in the Society of Actuaries.
- Advanced experience in Excel with VBA coding proficiency.
- Strong technical skills in a variety of actuarial platforms (Turbo, Python) and/or the ability to quickly learn new technology platforms.
- Ability to work independently and collaboratively as part of a team as well as manage long-term projects.
Responsibilities
- Research, design and develop pricing models/prototypes in sophisticated software (Python, Turbo, etc.…) for new DCLI products.
- Support assumption setting, product design and product approval.
- Identify key risks in new product initiatives and quantifying financial impacts of the risk by designing and performing attribution and sensitivity analysis.
- Effectively communicate findings to stakeholders from pricing, product development, risk management and other relevant areas.
- Collaborate with all stakeholders, including marketing/sales, investment management, valuation, risk management, legal, and operations, to balance the competitiveness, profitability, and risk.
- Assist in implementing products for new business pricing and operational readiness.
- Implement assumption and methodology changes to pricing models, complying with all model risk management standards, especially documentation and testing requirements.
- Identify areas of potential improvements and recommend/implement solutions with emphasis on innovation, efficiency, and governance.
Preferred Qualifications
- Solid experience with actuarial modeling software.
- Experienced with Turbo, Python.
- Prior experience in annuity/life actuarial capacity.
- Solid understanding of the financial metrics and key drivers for pricing results.