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

Key technologies and capabilities for this role

ALM StrategyALM ModelingActuarial AnalysisRisk ManagementFinancial ProjectionsGAAPStatutory AccountingHedgingInvestment StrategyCapital ManagementLiquidity ManagementMarket Risk

Questions & Answers

Common questions about this position

Is this role remote or onsite?

This role is onsite in Newport Beach, CA.

What experience is required for this position?

Candidates need 10+ years of experience with thorough knowledge of life insurance business, investments, financial markets, and risk management, plus 3 years in developing quantitative ALM or hedging strategies, managing ALM strategies or hedge programs, or overseeing market risks and mitigation programs. Solid experience in financial concepts, Statutory, GAAP, economic value/capital, and U.S. and Bermuda Regulatory Frameworks is also required.

What is the team size for this role?

You will lead a team of 3-4 actuaries and financial professionals within Pacific Life Investments (PLI) Enterprise ALM team.

What is the salary or compensation for this position?

This information is not specified in the job description.

What makes a strong candidate for this AVP role?

A strong candidate will have 10+ years in life insurance, investments, and risk management, 3+ years specifically in ALM or hedging strategies, and experience with regulatory frameworks, along with leadership skills to motivate a team and collaborate across enterprise functions.