Director & Actuary - PRT ALM

Job Description:

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 Director Actuary on our Pension Risk Transfer (PRT) - Asset and Liability Management (ALM) team in Newport Beach, CA or Omaha NE. This role is hybrid; we believe in empowering our employees to get work done both in and out of the office.

As a Director Actuary - PRT ALM 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 the ALM pricing workflows for our Pension Risk Transfer (PRT) business. You will work closely and collaboratively with numerous areas across the enterprise including Pricing and Product Development, Risk Management, Modeling, Investments, and Enterprise ALM. The Institutional Division is a rapidly growing and innovative Division, as such this role provides a great opportunity to continue to enhance the pricing process, think outside the box, and build oneself as an expert on the pricing of innovative products that are both novel to the company and the insurance industry.

You will fill a new role that sits on a team of 15 within the Institutional Division. Your colleagues will include actuaries and pricing analysts with varied backgrounds in PRT, ALM, reinsurance, mortality setting, and capital management. The PRT Pricing teams works in a fast-paced and constantly evolving marketspace. We value flexibility, agility, and teamwork and complete work in a matrix design to allow for the most efficient resource management. Candidates who meet most but not all requirements are encouraged to apply. Actual job title and offer will be based on experience and skillset.

If you are experienced in the PRT, annuities, or ALM and are a self-starter with a strong technical background and experience leading a team, you would make a great fit for this role.

How you'll help move us forward:

• Lead PRT Pricing Strategy: Oversee transaction pricing, assumption setting, and bid execution for PRT deals. Ensure pricing aligns with enterprise risk appetite and profitability goals

• Stakeholder Management: Present and defend pricing results and assumption/methodology changes to key stakeholders.

• ALM Integration: Develop and refine ALM models to assess interest rate risk, liquidity risk, and duration mismatch. Collaborate with the investments team to optimize asset portfolios

• Cross-Functional Leadership: Serve as a key liaison between pricing, valuation, reinsurance, capital, and risk. Lead initiatives that improve process efficiency and team culture

• Team Development: Mentor actuarial students and actuaries. Provide clear feedback and foster a collaborative, high-performance environment

• Innovation & Thought Leadership: Champion new ideas and lead initiatives from ideation to execution. Influence working norms and process improvements across the PRT team

The experience you bring:

• FSA or EA with 6+ years of related experience in actuarial pricing, ALM, and product development.

• Bachelor's degree in Actuarial Science, Finance, Mathematics, Computer Science, or related field.

• Direct experience with Pension Risk Transfer or Annuity products

• Ability to understand the big picture and mobilize initiatives in ambiguous situations.

• Proficiency in Microsoft Excel and the Prophet Asset Liability Strategy Library

• Strong management, team-building, and communication skills.

• Excellent project management and business partnering abilities.

• Proven leadership with a strong sense of urgency.

What makes you stand out:

• FSA or EA with 10+ years of actuarial experience.

• Prior experience with Pension Risk Transfer transaction pricing.

• Thought leader with a mindset focused on continuous improvement, sustainability, and scalability.

• Ability to multitask with shifting priorities under tight deadlines while maintaining calm composure and flexibility in handling urgent requests.

• Self-starter with strong analytical skills and attention to detail.

• Experience with actuarial modeling and statistical analysis programs, particularly Prophet

You can be who you are.

People come first here. We're committed to an inclusive workforce. Learn more about how we create a welcoming work environment at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

Benefits start Day 1.

Your wellbeing is important. We're committed to providing flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and a 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.

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. Also, most employees are eligible for additional incentive pay.

Your Benefits Start Day 1

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. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.

• 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

EEO Statement:

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.