Pacific Life Insurance Company

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AVP Actuary (RIA Product Lead)

at Pacific Life Insurance Company

Posted: 9/28/2019
Job Reference #: 697162
Categories: Other/General
Keywords: company

Job Description

Job Title
AVP Actuary (RIA Product Lead)

Division
Retirement Solutions

Job Description
POSITION SUMMARY:
This is a senior-level position in the Retirement Solutions Division (RSD) responsible for annuity product strategy and design for distribution through the Registered Investment Advisor (RIA) channel. In addition, you will be responsible for the successful development of a product strategy and implementation of new advisory-focused products; and building a team of 3 individuals responsible for product pricing/implementation/market intelligence specific to the RIA channel. This position reports into RSD’s Pricing & Product Design team with dotted line to VP RIA Strategy. Can be based in Newport Beach or Omaha.  
 
Additional Responsibilities Include:
•Product Innovation – Partner with RIA team to identify opportunities to develop and deliver compelling new annuity products that will address client needs, attract attention, and successfully garner market share in the RIA channel.
•Product Pricing – Lead feasibility analysis and pricing for new variable and fixed index annuities including deriving assumptions, constructing pricing models, performing in-depth analysis of profit and risk, and advising business partners on risk/return tradeoffs of various designs and initiatives.
•Product Implementation – Collaborate closely with business partners in RIA Strategy, Product Design, Risk Management, Valuation, Finance, Compliance, Technology, and Operations throughout the product development process to bring product design to completion and ensure products are implemented as intended.
•Market Intelligence – Understand the competitive landscape of various insurance and investment solutions offered through RIAs; orchestrate ongoing review and enhancements to product portfolio and present recommendations based on competitive positioning, market and economic trends and RIA and policyholder behavior expectations.
 
FACTORS FOR SUCCESS:
•Bachelor’s degree in Actuarial Science, Mathematics, Computer Science, or other related field or equivalent work experience.
•Expertise across all major annuity lines and/or extensive experience developing other investment solutions distributed through the RIA channel.
•Experience with and detailed understanding of advisory products and platforms, and the business of retail financial advice delivered on a fee basis.
•Ability to lead multiple projects and meet tight deadlines with effective planning and execution.
•Strong communication skills to present business solutions in a clear and concise manner and to collaborate effectively with actuarial and non-actuarial partners.
•FSA designation in the Society of Actuaries with at least 12 years of actuarial experience.
•In-depth knowledge of STAT, GAAP, and Economic profit metrics is preferred.
•Experience with actuarial modeling software; MoSes or Prophet experience a plus.
•Ideal candidate has direct experience developing annuities for distribution through RIAs and is intimately familiar with the opportunities and challenges.

#LI-DG1
 


Req Number
4341BR

Full Time / Part Time
full time

Benefits
Join the Pacific Life team and watch your career grow! We offer a competitive compensation and benefits package that includes: • Competitive salary and bonus program • Medical, dental, and vision as part our commitment in investing in the health and wellbeing of our employees • Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid) • Generous vacation time and holiday pay • And much more!

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.

About Pacific Life
For more than 150 years, Pacific Life has offered innovative products and services including life insurance, annuities, and mutual funds, along with a variety of investment products, all of which provide The Power to Help You Succeed. We firmly believe each employee plays a part in our continued growth and success, and we pride ourselves in providing a work environment that is challenging, inclusive, collaborative, and results-oriented. With a powerful past and a strong future, Pacific Life offers an environment where you’re empowered to achieve your personal best. In return, we look to your passion and insight to help us grow. For additional company information, including current financial strength ratings, visit www.PacificLife.com.

Position Location(s)
Newport Beach, CA, Omaha, NE