Director & Actuary - Pricing Model Development Lead

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 Modeling Lead, Institutional Pricing to join our Enterprise Modeling team in Newport Beach, CA or Omaha, NE.

As a Modeling Lead, you'll move Pacific Life-and your career-forward by leading the development of actuarial pricing models that support institutional product strategy. You will fill a key role on a growing team of modeling professionals within Enterprise Modeling, closely partnering with product pricing, product management, and actuarial development leaders. Your colleagues will include fellow model developers, product actuaries, and technical leaders focused on pricing innovation. We work collaboratively in a matrixed environment, balancing excellence in delivery with technical mentorship and enterprise alignment.

How you'll help move us forward:

• Lead the design, development, and optimization of pricing models for institutional products, ensuring compliance with Enterprise Pricing Guidelines.

• Provide model design thought leadership to persuade stakeholders including senior management on choices that would serve their best interests.

• Mentor and develop a high-performing team, fostering product expertise, model innovation, model design excellence, and cultivate team behaviors to produce strong stakeholder engagement.

• Partner with internal stakeholders to implement a change management workflow for your team that prioritizes feature requests and translates business needs into scalable, high-quality model builds.

• Ensure model development processes meet governance and testing standards.

• Ensure that pricing features slated for transition to inforce can meet regulatory expectations.

• Collaborate with IT and Engineering Excellence teams to manage system architecture, version control, and model deployment best practices.

• Provide actuarial modeling and effective challenge for initiatives aligned to the CMD product roadmap.

• Support team hiring, onboarding, performance coaching, and succession planning aligned with Pacific Life's inclusive talent strategy.

The experience you bring:

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

• 7+ years of experience in actuarial modeling, preferably within pricing or ALM functions.

• Hands-on expertise with Prophet, MoSes, Excel, or comparable modeling platforms.

• Advanced-level experience in at least one programming language such as Python.

• Strong understanding of institutional product mechanics including group annuities and Synthetic GIC products.

• Demonstrated ability to lead and coach a modeling team across levels.

• Excellent communication, documentation, and cross-functional collaboration skills.

What makes you stand out:

• FSA designation.

• Experience with institutional or reinsurance pricing.

• Experience with managing development of unique insurance guarantees for ad-hoc pricing implementations.

• Familiarity with C#, Python, or continuous integration and deployment strategies.

• Excellent troubleshooting talents and ability to cultivate the same talent in less experienced developers.

• Proven track record of navigating complexity and influencing across a matrixed organization.

• Passion for developing talent and building inclusive team culture.

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.