Accounting Policy Director

Pacific Life • Newport Beach, CA

12d • Hybrid

About The Position

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. Pacific Life is investing in bright, agile, and diverse new talent to ensure we continue to innovate and strengthen relationships with our policyholders. That’s why we’re actively seeking an Accounting Policy Director to join our Enterprise Accounting Policy team. If you are an experienced professional in the financial services industry with a strong technical accounting grasp of investments, you will be a great fit for this role. Technical capabilities aside, if you’re a mission-driven self-starter who’s comfortable with ambiguity, and who thrives in a fast-paced, collaborative culture, you’re a perfect fit for Pacific Life. This role is based in our Newport Beach, CA office (with a hybrid work schedule). However, we will consider 100% remote for the right candidate. As an Accounting Policy Director you’ll move Pacific Life, and your career, forward by navigating and evaluating complex and technical transactions related to our investment portfolio and partner with our Pacific Life Investment Management group when sourcing or structuring investment opportunities across various asset classes.

Requirements

• Experience in US GAAP and US Statutory accounting for investments
• Strong knowledge of investments and financial instruments, including mortgage loans, alternative investments, structured credit, securitizations, and consolidation
• Significant experience in US Statutory accounting for life and annuity insurance companies
• Demonstrated capability to independently research, resolve, and communicate complex technical accounting matters to senior leaders and cross-functional partners
• Bachelor’s degree required: Accounting focus
• 10+ years of experience in accounting
• Exceptional written and verbal communication skills

Nice To Haves

• CPA strongly preferred

Responsibilities

• Support all aspects of US GAAP and US Statutory accounting policy activities associated with our investment portfolio
• Serve as a strategic accounting advisor to Pacific Life’s Investment Management group for complex investment structures and portfolio transactions
• Provide guidance on mortgage loans (residential and commercial), CECL, structured assets, alternatives, CLOs, and other sophisticated investment classes, ensuring accurate accounting and compliant financial reporting
• Prepare technical accounting position papers and memoranda supporting conclusions
• Provide subject matter expertise to business units responsible for preparing financial statements
• Lead the development, maintenance and publication of Pacific Life’s Accounting Policy and Transaction memos across all relevant accounting areas
• Assist in the identification, assessment, monitoring, and communication of new and emerging accounting guidance developed by the FASB and NAIC across relevant accounting areas
• Develop and execute internal training opportunities for the broader Finance organization
• Lead special projects requiring technical accounting leadership, analytical depth, and working with cross-functional teams

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Director