AVP ALM Strategy & Optimization at Pacific Life

Newport Beach, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial Services, InvestmentsIndustries

Requirements

10+ years experience with thorough knowledge of life insurance business, investments, financial markets and risk management
3 years 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

Responsibilities

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

Skills

ALM Strategy

ALM Modeling

Actuarial Analysis

Risk Management

Financial Projections

GAAP

Statutory Accounting

Hedging

Investment Strategy

Capital Management

Liquidity Management

Market Risk

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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