Associate Actuary (Profitability Mgmt)
Pacific Life Insurance Company Newport Beach, CA
Lead product profitability function for the fixed and variable annuity product suite, including regular repricing of retail annuity business and delivery of information required to support regular Senior Management decision making processes and balance product profitability, marketability & risk.
Develop enhanced profitability management views and metrics to provide deep line of sight to management on products sold by building out capabilities for Economic and GAAP financial frameworks, developing additional capabilities for model validation and increasing transparency of model results.
Assist in the development of a risk-adjusted Value of New Business (VNB) metric through collaborations with ERM & Risk Management and support the implementation & business as usual phases to ensure consistency of metric across Pacific Life.
Collaborate with Sales, Risk Management, and Valuation to ensure enterprise-wide view is considered when setting and implementing profitability and rate management actions.
Manage and develop 1 direct report.
FACTORS FOR SUCCESS:
Bachelors degree in Actuarial Science, Mathematics, Computer Science, other related field; Or equivalent work experience
FSA or near-FSA
Strong working knowledge in Microsoft Excel; Programming experience desired but not required
Experience with MoSes or similar actuarial software is a plus
Understanding of insurance industry and in-depth knowledge of financial impacts is preferred
Attention to detail; well organized with proven experience in handling multiple projects and meeting tight deadlines
Effective communication skills to present business solutions in a clear and concise manner
Managerial experience is a plus
This position can be based in Omaha, NE or Newport Beach, CA
| Date Posted
July 18, 2018
| Date Closes
August 17, 2018
| Located In
Newport beach, CA
| SOC Category