Pacific Asset Management, LLC
Director Actuary - Index Hedging
Pacific Asset Management, LLC, Newport Beach, California, us, 92659
**Job Description:**We’re actively seeking a talented **Director Actuary, Index Hedging Strategy and Operations** to join our Pacific Life Investments (PLI) Enterprise ALM team in Newport Beach, CA. This role is on-site 4 days per week and work from home 1 day per week.
As a Director Actuary, Index Hedging Strategy and Operations you will play a key and visible role in Pacific Life's growth and long-term success by executing on strategic objectives to manage enterprise-wide risk and competitiveness. You will lead a team of actuaries and financial professionals to develop, implement, and operate index hedging solutions for FIA, IUL, and RILA products. You will partner with key stakeholders from across the organization including Derivative Investments, Enterprise Valuation, Product Development, and Finance to ensure efficient hedge operations and effective reporting and oversight.
**How you’ll help move us forward:**• Own the development, implementation, and operation of indexed account edging programs including IUL, FIA, and RILA• Effectively communicate hedging performance results to key stakeholders in Finance, Product Development, PLI Derivatives, Treasury, Inforce Management, etc. to ensure clear understanding on hedging financial impacts• Lead new indexed account product hedging strategy analysis, development, and ultimately the hedge program recommendation for approval• Partner with Product Development on new product market risks and hedging mitigation analysis, including exotic option pricing. Influence Product in their design through prioritizing and balancing hedge effectiveness and efficiency• Lead the indexed account hedging team through the development and implementation of enhancements to operational processes, controls, and governance• Proactively report, address, recommend for approval, and ultimately implement any hedge breakage solutions and program enhancements prioritizing and balancing process efficiency and effective governance while emphasizing innovation• Lead and develop a team of Actuarial and finance professionals that effectively contributes to the Hedging Team, Department, and PL goals
**The experience you bring:**
• **7+ years of experience with thorough knowledge of life insurance and annuity products and an FSA designation**• Experience developing and managing hedging strategies or other risk mitigation programs• Ability to lead and develop a team under a shared vision
• Strong analytical skills to analyze market risk exposures and develop risk mitigation programs
• Solid experience in financial markets, investments, and quantitative finance, including option pricing
• Strong written and verbal communication skills to effectively represent index hedging strategies and operations• Experience with Python, Bloomberg, Tableau, or related software
**What makes you stand out:**
• Extensive experience in Hedging and ALM concepts
• Ability to collaborate with a variety of different functional areas
• Experience managing a diverse team and executing upon a shared vision
**You can be who you are.**
Instagram.com/lifeatpacificlife.
**Benefits start Day 1.**
Your wellbeing is important. We’re committed to providing 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 a 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.**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.$198,810.00 - $242,990.00**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.*At Pacific Life, we believe that success comes down to our people. That’s why we’re committed to embracing a flexible, diverse, and inclusive workplace where you can be your best self and do your best work. Our people-first culture creates a sense of belonging and prioritizes employee wellbeing, empowering you to achieve your full potential through our holistic health benefits, flexible working options, and a vibrant community of people working towards a shared purpose. You can connect with colleagues through employee connections groups, sharing your passions, interests, and ideas. Learn more about our . #J-18808-Ljbffr
As a Director Actuary, Index Hedging Strategy and Operations you will play a key and visible role in Pacific Life's growth and long-term success by executing on strategic objectives to manage enterprise-wide risk and competitiveness. You will lead a team of actuaries and financial professionals to develop, implement, and operate index hedging solutions for FIA, IUL, and RILA products. You will partner with key stakeholders from across the organization including Derivative Investments, Enterprise Valuation, Product Development, and Finance to ensure efficient hedge operations and effective reporting and oversight.
**How you’ll help move us forward:**• Own the development, implementation, and operation of indexed account edging programs including IUL, FIA, and RILA• Effectively communicate hedging performance results to key stakeholders in Finance, Product Development, PLI Derivatives, Treasury, Inforce Management, etc. to ensure clear understanding on hedging financial impacts• Lead new indexed account product hedging strategy analysis, development, and ultimately the hedge program recommendation for approval• Partner with Product Development on new product market risks and hedging mitigation analysis, including exotic option pricing. Influence Product in their design through prioritizing and balancing hedge effectiveness and efficiency• Lead the indexed account hedging team through the development and implementation of enhancements to operational processes, controls, and governance• Proactively report, address, recommend for approval, and ultimately implement any hedge breakage solutions and program enhancements prioritizing and balancing process efficiency and effective governance while emphasizing innovation• Lead and develop a team of Actuarial and finance professionals that effectively contributes to the Hedging Team, Department, and PL goals
**The experience you bring:**
• **7+ years of experience with thorough knowledge of life insurance and annuity products and an FSA designation**• Experience developing and managing hedging strategies or other risk mitigation programs• Ability to lead and develop a team under a shared vision
• Strong analytical skills to analyze market risk exposures and develop risk mitigation programs
• Solid experience in financial markets, investments, and quantitative finance, including option pricing
• Strong written and verbal communication skills to effectively represent index hedging strategies and operations• Experience with Python, Bloomberg, Tableau, or related software
**What makes you stand out:**
• Extensive experience in Hedging and ALM concepts
• Ability to collaborate with a variety of different functional areas
• Experience managing a diverse team and executing upon a shared vision
**You can be who you are.**
Instagram.com/lifeatpacificlife.
**Benefits start Day 1.**
Your wellbeing is important. We’re committed to providing 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 a 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.**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.$198,810.00 - $242,990.00**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.*At Pacific Life, we believe that success comes down to our people. That’s why we’re committed to embracing a flexible, diverse, and inclusive workplace where you can be your best self and do your best work. Our people-first culture creates a sense of belonging and prioritizes employee wellbeing, empowering you to achieve your full potential through our holistic health benefits, flexible working options, and a vibrant community of people working towards a shared purpose. You can connect with colleagues through employee connections groups, sharing your passions, interests, and ideas. Learn more about our . #J-18808-Ljbffr