AVP ALM Strategy & Optimization

Job Description:

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 AVP, ALM Strategy & Optimization to join our Pacific Life Investment (PLI) ALM team. This role is onsite in Newport Beach, CA.

As AVP, ALM Strategy & Optimization, you’ll play a key and visible role in Pacific Life’s growth and long-term success by developing and executing on strategic objectives to manage the enterprise-wide risk and competitiveness. You will lead a team of 3-4 actuaries and financial professionals within Pacific Life Investments (PLI) Enterprise ALM team. You will partner closely with PLI’s ALM Analytics, Hedging, and Investment strategy teams guiding the management and expansion of our $225+ billion of AUM through improving competitiveness, balancing risk vs. return, evaluating and leveraging real-time data to make key decisions relating to risk and competitiveness. You will report directly to the VP, Enterprise ALM.
How you will make an impact:

• Motivating and leading a talented team of actuaries, investment and technical professionals in developing and continually striving to optimize Pacific Life’s ALM strategy
• Through the use of ALM model projections and analysis, developing and continually assessing ALM strategies and risk positioning across economic, GAAP and Statutory financials
• Challenging existing and driving new capital efficient and economically advantageous ALM solutions
• Effectively communicating and championing ALM strategic decisions and direction to ensure key stakeholders aligned
• Developing, maintaining and continuously evolving ALM strategic playbooks to manage risks related to market risk exposure, investment allocation and asset transfers
• Actively collaborating with teams across the enterprise including Capital Management, Liquidity, Investment, Risk Management and Valuation to develop, evaluate and challenge explicit strategic ALM decisions or decisions impacting ALM strategy
• Conducting R&D on different ALM strategies, methodologies, enhancements, etc.
• Supporting R&D initiatives for product development, capital management, reinsurance optimizations, asset allocation and more
• Maintaining intelligence on industry ALM practices and innovations as well as regulatory developments pertaining to ALM
• Support the development, review and challenge of market assumptions within the assumption governance framework

The experience you will bring:

• 10+ years experience with thorough knowledge of life insurance business, investments, financial markets and risk management
• 3yrs of experience in:
  • Developing quantitative ALM or hedging strategies;
  • Managing and executing ALM strategies or hedge programs; or
  • Overseeing market risks and mitigation programs
• Solid experience in financial concepts, Statutory, GAAP, economic value/capital
• Experience with U.S. and Bermuda Regulatory Frameworks as they relate to ALM
• Strong analytic skills to analyze and challenge market risk exposures and mitigation programs across the enterprise
• Ability to effectively communicate across complex financial concepts and risk management solutions to audiences with varying levels of familiarity with capital markets and actuarial concepts
• Strong written and verbal communication skills to effectively represent ALM positioning and  strategies
• Fellow of Society of Actuaries (FSA) or Chartered Financial Analyst (CFA) and additional training on financial engineering, quantitative finance is preferred

What will make you stand out:

• Experience developing and innovating new ALM and/or actuarially-based capabilities
• Ability to collaborate immediately across functional areas including investment, capital, treasury, and risk teams in driving ALM insights and discipline across the enterprise
• Experience working across diverse teams – demonstrating:
  • Adapting to diverse styles and ways of thinking
  • Ability to influence and negotiate
  • Effective garnering of appropriate resources
  • Development or enhancement of operating models
  • Ability to manage small to medium-sized projects

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

$219,000 - $268,000

#LI-DG1

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

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.