Director, ALM Strategy and Optimization

Pacific Life•Newport Beach, CA

17h•Hybrid

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 or Omaha, NE. 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 How you will make an impact: 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

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
Experience with U.S. and Bermuda Regulatory Frameworks as they relate to ALM, a plus
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 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

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs.
Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.
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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