Senior Actuary, FSA – Prophet Modeler
Pacific Life
Senior Actuary – PRT Pricing
Pacific Life
full-time
Posted on:
Location Type: Hybrid
Location: Newport Beach • California, New York • 🇺🇸 United States
Visit company websiteSalary
💰 $163,620 - $199,980 per year
Job Level
Senior
About the role
- Collaborate with Product and Sales teams to develop strategic bidding strategies tailored to achieve divisional sales and Pacific Life enterprise goals.
- Ensure accurate review and interpretation of defined benefit plan documents and summaries to understand plan provisions.
- Collaborate with sales and operations throughout the PRT life cycle from bid acceptance to onboarding and inforce management.
- Present and defend pricing results to key stakeholders, including head of pricing, risk management, and other senior management to receive support for transactions.
- Perform pricing and sensitivity analysis for PRT cases.
- Monitor and review actuarial pricing models to ensure accuracy and compliance with regulations.
- Ensure adherence to company policies and procedures.
- Continue to enhance a sustainable and smooth target operating model for pricing transaction processes.
- Continuously improve efficiency in the pricing process and develop insights and analytics to facilitate data driven and risk smart decision making.
- Document projects in accordance with established guidelines.
- Comply with standards declared by the Actuarial Standards Board and other applicable bodies (SEC, Accounting Standards Board, etc.), as well as the requirements of state and federal regulations.
- Deliver information required to support regular decision-making processes in a timely and accurate manner.
- Perform other duties assigned by management and actuarial projects in support of the Pension Risk Transfer business.
Requirements
- Recent FSA designation
- Bachelor's degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field or equivalent work experience
- Strong written and oral communication skills, including the ability to communicate to a wide range of stakeholders with different backgrounds and at executive levels
- Well organized with proven experience in handling multiple projects and meeting tight deadlines
- Strong problem-solving skills, excellent strategic and critical thinking
- Detail oriented with ability to work independently and collaboratively as part of a team
- Ability to deliver timely, organized, and consistent results
- Proficiency in Microsoft Excel is required
- Strong written and verbal communication skills
Benefits
- Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs.
- Prioritization of your health and well-being including 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
pricing analysissensitivity analysisactuarial pricing modelsdata analysisrisk managementcomplianceproject documentationstrategic bidding strategiesPension Risk Transfer
Soft skills
communication skillsorganizational skillsproblem-solving skillsstrategic thinkingcritical thinkingdetail orientedindependent workcollaborative worktime management
Certifications
FSA designation
