Director, ALM Strategy and Optimization
About The Position
Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a talented Director, ALM Strategy & Optimization to join our Pacific Life Investment (PLI) ALM team in Newport Beach, CA. This role is onsite 4 days per week and work from home 1 day. As Director, ALM Strategy & Optimization, you'll play a key and visible role in Pacific Life's growth and long-term success by executing on strategic objectives to manage the enterprise-wide risk and competitiveness. You will lead a team of actuaries and financial professionals within Pacific Life Investments (PLI) Enterprise ALM team. You will partner closely with PLI's ALM Analytics, Hedging, and Investment strategy teams guiding the management and expansion of our $225 billion AUM through improving competitiveness, balancing risk vs. return, evaluating and leveraging real-time data to make key decisions relating to risk and competitiveness. You will report directly to the AVP, ALM Strategy and Optimization
Requirements
- 7+ years experience with thorough knowledge of life insurance business, investments, financial markets and risk management
- 1-2yrs 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
- Strong analytic skills to analyze market risk exposures and mitigation programs across the Enterprise
- Experience with coding. specifically Python, and modeling
- 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
Nice To Haves
- Experience with U.S. and Bermuda Regulatory Frameworks as they relate to ALM, a plus
- Experience in ALM concepts, modeling and implementation
- Ability to collaborate immediately across functional areas
- Experience working across diverse teams
Responsibilities
- Motivating and leading a talented team of actuaries and cross collaborating with investment and technical professionals in continually striving to optimize Pacific Life's ALM strategy
- Through the use of ALM model projections and analysis, modeling assessing ALM strategies and risk positioning across economic, GAAP and Statutory (US and BMA) frameworks
- Collaborate with the AVP ALM Strategy and Investment and Product Solutions (IPS) Team in development of new capital efficient and economically advantageous ALM solutions
- Effectively communicating ALM strategic analysis to key stakeholders
- Monitoring, 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, IPS, 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. across economic, GAAP and Statutory (US and BMA) frameworks
- Supporting R&D initiatives for product development, capital management, reinsurance optimizations, asset allocation and more
- Supporting development, review, and challenge of market assumptions within the assumption governance framework
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
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What This Job Offers
Job Type
Full-time
Career Level
Director
Industry
Insurance Carriers and Related Activities
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
