Director of Product & Pricing Risk

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We’re actively seeking a talented Director of Product and Pricing Risk to join our actuarial team in our Workforce Benefits division. This role can be on-site, hybrid, or 100% remote.

Our new Workforce Benefits division seeks to disrupt the group benefits market with a digital first strategy. As a Director of Product and Pricing Risk, you’ll play a key role in Pacific Life’s growth and long-term success by building and driving our strategy and processes for risk monitoring and key assumption setting in the new division.

You will fill new role that sits on a small and talented team in a start-up that resides inside a highly regarded enterprise that is committed to the success of the new venture. You will work cross-functionally with leadership and key partners in to develop leading edge risk management and market winning pricing strategies.

How you will make an impact:

• Collaborate with senior leadership, pricing, underwriting, and distribution to coordinate, recommend, and monitor key pricing strategies as we establish our position as a new entrant in the group benefits market.
• Build and maintain modern and robust processes for book of business modeling to inform profitability reporting and strategic insights.
• Establish KPIs and metrics for Product Performance dashboards for the new WBD division. Define thresholds for metric monitoring and action plans.
• Coordinate with the enterprise Risk Committees to build and evolve models and metrics in line with Pacific Life best practice governance approach.
• Manage a hybrid of first and second line effective challenge on key risk items such as assumption development and outside party risk.
• Implement the cadence, priorities, and process for data-driven experience analysis, in partnership with the pricing team.
• Oversee assumption setting for key cross product line assumptions including profitability metrics, interest rates, and expense assumptions, in collaboration with finance and pricing.
• Partner on key risk items across teams such as reinsurance strategy, underwriting strategy, and medical underwriting processes for a digital-forward start-up.
• Support other projects as needed in a very nimble and collaborative actuarial team.

The experience you will bring:

• 8+ years of actuarial experience with an FSA designation.
• Deep experience in group product lines (Dental, Vision, Group Life, Short Term Disability, Long Term Disability, Supplemental Health, Leave and Absence Management).
• Experience managing multiple initiatives, working with ambiguity, and adapting to change.
• Strong communication and collaboration skills, with the ability to successfully influence across teams.
• Demonstrated leadership and interpersonal skills.
• Bachelor’s degree is preferred, or demonstrated experience.

What will make you stand out:

• Experience with pricing strategy and risk management.
• Digital and analytic mindset.
• Entrepreneurial energy and excitement to operate in a start-up environment.

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.

$189,180.00 - $231,220.00

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.