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 Assistant Vice President, Pricing for our Institutional Products team. As an AVP, you will play a critical role in Pacific Life’s growth and long-term success. You will lead a team of actuarial professionals (FSA and student actuaries) in pricing and supporting the launch of new group annuity products that deliver value for our customers and align with our strategic vision. This role has direct responsibility for pricing Defined Contribution Lifetime Income (DCLI) and Stable Value (SV) products and will manage a team of 6–7 individuals within the Institutional Division (ID).
This position can be based in Newport Beach, CA, Charlotte, NC or Omaha, NE. This position is onsite four days a week.
How You’ll Help Move Us Forward
Own product pricing for strategic buildout of the DCLI market, balancing profitability, risk, and competitiveness while supporting growth in a developing product space
Oversee pricing for our Stable Value portfolio, ensuring profitability, appropriate risk assessment, and alignment with strategic expansion goals
Partner with Product to evaluate emerging opportunities, providing pricing insight and recommendations even when information is incomplete or evolving
Ensure pricing is executed in accordance with established profitability, governance, and risk management frameworks
Oversee the development and enhancement of pricing models for new institutional products, including ownership of pricing assumptions and methodologies
Incorporate changing industry, regulatory, and market dynamics into pricing frameworks and product recommendations
Translate complex actuarial and financial analyses into clear, actionable insights that support leadership decision-making and product strategy. Making and product strategy
Collaborate with cross functional stakeholders—including Product, Sales, Finance & Risk, and Investments—to support delivery of our institutional strategic objectives
The Experience You’ll Bring
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
Fellow of the Society of Actuaries (FSA) designation
10+ years of experience in a leadership role pricing US annuity product, ideally in the DCLI market, with an understanding of the unique challenges and considerations associated with operating in a developing and evolving market.
Strong critical thinking skills, ability to lead through ambiguity, and solution-oriented approach to problem solving
Demonstrated leadership experience with the ability to coach, mentor, and develop actuarial talent
Strong communication skills with the ability to simplify complex concepts and present to a variety of audiences, including senior leadership
Proven ability to build relationships and influence across teams and business areas
Excellent organizational and prioritization skills, with the ability to manage multiple initiatives in a dynamic environment
Base Salary Range: $225,000 - $265,000
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
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
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.
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