AVP, Chief Risk Officer Workforce Benefits

Pacific Life • Newport Beach, CA

1d • Hybrid

About The Position

Pacific Life is actively seeking a talented AVP – Chief Risk Officer for its Workforce Benefits Division (WBD) to join the Pacific Life Risk Management team. This role is based in Newport Beach, CA or Omaha, NE, and operates on a hybrid model requiring 4 days in the office. The Chief Risk Officer will be a key player in Pacific Life’s growth and long-term success, working directly with business partners and key stakeholders. The primary focus will be to support the execution of the new and growing WBD strategy and key initiatives, while also assessing and mitigating critical risks across the Division. This position offers a career with purpose, providing support, balance, and resources to make a positive impact on the future of Pacific Life and the entire industry.

Requirements

• 10+ years of relevant Actuarial/Risk Management experience within the Workforce/Group Benefits industry
• Strong understanding of how insurance, operational, and strategic risks manifest in group benefits products
• Strong analytical capabilities with ability to apply analytical/critical thinking background to new situations
• Self-starter who can be trusted to take ownership of their work product
• Understanding of insurer financials, including Statutory and GAAP accounting, as well as how those frameworks are represented in product pricing
• Strategic, creative, and broadly focused thinker with demonstrated ability to be persuasive and collaborative

Nice To Haves

• Relevant credentials, including FSA or CFA, are a plus
• Consistent track record of effectively working with data to manage risk and process re-engineering, simplification, and streamlining
• Comfortable in ambiguity and an advocate for change
• Demonstrated ability to anticipate future consequences and trends accurately

Responsibilities

• Support the execution of the Workforce Benefits Division strategy to grow and scale a $1B revenue, profitable business in the Group Benefits market
• Work collaboratively with partners on a variety of new business and in force initiatives to identify, assess and mitigate key risks, including: New product development Rate development Renewal strategies Execution of Technology and Operations roadmaps
• Partner with Finance & Actuarial, Risk Management and WBD to tailor pricing and other risk policies and standards as needed for Group Benefits
• Oversee the implementation of underwriting and pricing methodologies, support assumption oversight and model risk governance activities within the Division
• Supervise operational risk management activities within the Division and coordinate 2nd lines of defense activities within the Division where needed (e.g., Risk, Compliance, CISO)
• Promote a risk-aware culture and drive consistent and effective management practices
• Develop and maintain division-level risk governance and reporting
• Remain engaged with the competitive landscape, providing an understanding of competitor risk practices to stakeholders
• Contribute to the development of enterprise-wide risk policies and standards and promote their adoption throughout the Division

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: Senior
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees