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. Its a big ask, but its 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 its the right thing to do. Pacific Life is more than a job, its a career with purpose. Its a career where you have the support, balance, and resources to make a positive impact on the future including your own.
Were actively seeking a talented Director Actuary to join our Enterprise ALM Hedging team in Newport Beach, CA.
As a Director Actuary, youll move Pacific Life, and your career, forward by leading a team of actuaries in developing, implementing, and operating product specific hedge programs. Moreover, you will serve as a key voice in enhancing our existing hedge programs (e.g., VA) and developing innovative new hedge programs. You will fill a role that sits on the Enterprise ALM Hedging team in the Pacific Life Investments division, while partnering with stakeholders throughout the company.
How youll help move us forward:
Own the development, implementation, and operation of the VA dynamic hedging programs
Plan and execute innovative hedging strategies to effectively manage complex market risk exposures
Lead and develop a team of Actuarial professionals that effectively contributes to the Enterprise ALM Hedging Team, Pacific Life Investments, and PL goals
Partner with key stakeholders (Finance, Product Development, PLI Derivatives, Treasury, Inforce Management) by effectively communicating hedge performance results to ensure clear understanding on hedging financial impacts
Proactively report, address, recommend for approval (to Hedge Committee / ALCO) and ultimately implement any hedge breakage solutions and program enhancements prioritizing and balancing process efficiency and effective governance while emphasizing innovation
Lead new rider product hedging strategy analysis, development, and ultimately the hedge program recommendation for approval
Effectively communicate complex financial concepts and risk management solutions to audiences with varied levels of familiarity with capital markets and actuarial concepts
Lead team through the development and implementation of enhancements to operational processes, controls, and governance
The experience you bring:
8+ years of actuarial experience and an FSA designation
3+ years of experience managing and developing a high-performing team
Strong technical capability to solve complex problems efficiently and effectively
Demonstrated ability to make strategic business decisions and move projects forward
Strong communication and interpersonal skills, able to interact productively with teams with competing priorities
Ability to work in a fast-paced dynamic environment and manage multiple priorities
Bachelor's degree in actuarial science, mathematics, finance, economics, or a related quantitative field
What makes you stand out:
Strong knowledge of annuity and life insurance product design (both retail and institutional products)
Proficient in Bloomberg, Tableau, Prophet, Python
A proven track record of team building and coaching
You can be who you are.
People come first here. Were committed to an inclusive workforce. Learn more about how we create a welcoming work environment through inclusion at Whats life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
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Base Pay Range:
The base pay range noted represents the companys 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.
$198,810.00 - $242,990.00Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and were 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, weve 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.
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