AVP, Business Proposition, Protection at Pacific Life

Singapore

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Educated to at least degree level, preferably with actuarial or other similar training
Proven experience working in a life (re)insurer, preferably in a pricing or client solutions department at a senior level
Proven track record in developing strategies and seeing them through to successful execution
Very strong communication (written and verbal) and presentation skills, and ability to deliver difficult/challenging messages
Ability to quickly cut through detail and focus on what is important, being decisive and accountable
Strong analytical skills combined with sound judgement and commercial awareness
Proven ability to “think outside the box” to derive new and innovative approaches to underwriting and/or claims problems
Ability and desire to communicate with business customers at all levels across the business and to work well within a team environment
Organised, conscientious

Responsibilities

New market/segments exploration: Periodic initiation and review of new markets/segments working with relevant in-market Client Solutions Teams; Development of initial stage gates and fail fast criteria, working closely with relevant Protection teams, before eventually passing ownership to the most appropriate BAU market team once relevant stage gates are met
Product/Proposition development: Leading global product/propositions which are typically large-scale cross market opportunities; Acting as a conduit for the function in Protection to leverage product work being performed in each market and ensure a global mindset is being adopted; From time to time developing ideas and material to support client workshops or pitches, to ensure that the best of our global business is being leveraged
Protection Strategy: Facilitating periodic review of market strategies for Protection, which will require working closely with the Client Solutions teams in each of our markets and PMLCs; Supporting consistency of approach to strategy across the Line of Business and UMe where appropriate, including providing relevant tools and templates; Identifying opportunities to leverage projects across markets, including DISC initiatives
Divisional Strategy: Working with the Divisional Strategy team on global or cross Line of Business initiatives; Attending relevant Divisional Strategy team meetings, including leveraging expertise across the business and ensuring consistency where appropriate
Together with the VP, Client Solutions, Protection, Global, providing Chief of Staff type support to the GPEC, including: Supporting the development and review of strategic objectives; Supporting the reporting of strategic objectives and other initiatives, including in staff meetings and other forums; Working with PMLCs as appropriate to report on progress with strategic initiatives

Skills

Strategic Planning

Product Development

Market Exploration

Business Propositions

Client Solutions

Insurance Strategy

Underwriting

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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