Defined Contribution Product Analyst

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 Product Analyst to join the Institutional Division in Newport Beach, CA or Omaha, NE or Charlotte, NC. This role is on-site.

In this role, you’ll play a key role in Pacific Life’s growth and long-term success by supporting efforts for defined contribution financial products by enhancing and automating product-related analytical and operational processes, contributing to new product development via insurance industry learnings and/or market research, and acting as the liaison for product-related matters across the suite with divisional and enterprise functional teams. This role will require a combination of operational focus, product development, and relationship management.

How you will make an impact:

Financial Product Analytics (65%)

• Perform daily operational duties for DC Financial products and specific DCLI products during accumulation phase.
• Provide insight for assumption development and actuarial modeling methodologies to pricing, valuation, and risk as needed.
• Develop dashboards and ad-hoc analyses across DC Financial Product suite to deliver up-to-date product analytics for key stakeholders and work closely with DCLI product managers to apply capabilities across DC product suite.
• Partner with key division and enterprise functions such as Delivery Acceleration, Compliance,  Operations and Technology to ensure DC financial product operations and processes are established and functioning effectively.

DC Financial Product Development, Implementation, & Stakeholder Engagement (25%)

• Support DC Financial Products, by supporting product development and management, which may include contributing to designing product features, as well as supporting execution and implementation of our solutions.
• Partner with key division and enterprise functions such as Delivery Acceleration, Legal, Marketing, Finance and Pricing to prioritize product initiatives.
• Support the delivery of Financial Products and features in accordance with agreed-upon schedules, ensuring they meet customer needs and business objectives, and ensuring alignment with strategic and business objectives, as well as compliance considerations.
• Supporting solutioning implementation challenges, such that the DC Financial product goals are met in a timely and efficient manner.
• Support the creation of technical specifications for admin and illustration systems and perform user-acceptance testing to ensure accurate implementation for DC Financial products.

DC Market Development (10%)

• In collaboration with the broader DC team and National Markets, support general DC market research efforts done by research and product managers while staying on top of industry trends, including any adjacent markets (e.g. HSA).
• In partnership with Finance, support cost-benefit analyses for new product development in partnership with other Product Managers.
• Contribute to product-related market insights and analytics to inform research, marketing, distribution and pricing.

About you:

• Strong organizational, interpersonal and communication skills. 
• Ability to travel up to 25% of the time across the US for existing client meetings, as well as new client opportunities and events/conferences
• Skilled in envisioning future state operating models and when comparing to the current state and designing the roadmap of initiatives to close the gap between the current and target future state
• Strong analytical and problem-solving skills, with the ability to interpret complex data, understand anomalies, and develop actionable insights
• Strong written and verbal communication skills, including the ability to prepare effective and concise work-product and present effectively to senior audiences and influence decision-making
• Ability to adapt to changing demands and influence, partner and collaborate with divisional stakeholders and senior members of the firm
• Solution-oriented, self-motivated, creative and thrives in “growth mindset” environment

The experience you bring:

• Bachelor’s degree

• 5+ years of experience in financial services industry with a focus on product and/or operations roles, ideally with extensive experience in DC Financial Products (e.g. stable value)

• Significant experience with Excel (VBA), PowerBI, CoPilot, and other technologies to produce complex analyses and operationalize product requirements

#LI-SD

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.