Financial Close and Operational Effectiveness Director

Pacific Life • Charlotte, NC

1d • Onsite

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. We’re actively seeking a talented Financial Close and Effectiveness Director to join our Accounting & Reporting team in Newport Beach, CA. This role is on-site. You’ll work at our state-of-the-art Newport Beach headquarters. As a Financial Close and Effectiveness Director, you’ll move Pacific Life, and your career, forward by project managing the financial close and reporting processes on multiple bases of accounting for a complex insurance organization. You will report to the VP, Divisional Accounting and Accounting Operations and will be an individual contributor. You will partner with teams across the enterprise including Valuation, Tax, Enterprise Finance Solutions, Capital Management, and Divisional Accounting. You will demonstrate accountability, agility, a dedication to be inclusivity, strong business acumen, and will show courage, even in the most difficult situations. Effective communication skills will be key to successful relationship-building and articulating the reasoning and bases for your recommendations and conclusions. You will demonstrate an inquisitive approach, asking probing questions to identify issues with specificity.

Requirements

• Enterprise financial systems background or exposure preferred
• Experience in ADO, and project management software
• Experience in Oracle FCCS and Workiva (Wdesk) is preferred, but not required
• Minimum 10 years of experience in financial close management, project or process management role, financial transformation or other financial operations role
• Significant insurance, reinsurance, financial services and/or operational experience is preferred
• Actuarial operations and systems experience is preferred
• Leadership experience required. Ability to manage multiple teams and influence others without a direct reporting relationship.
• Well-developed oral and written communication skills.
• Undergraduate degree preferred with strong financial accounting foundation

Responsibilities

• Independently lead, project manage, and drive the enterprise close process to ensure accurate, timely and efficient execution of the close process and reporting process across all teams including Investments, Valuation, Divisional Accounting, Reinsurance Accounting, Accounting Operations, Variable Products Accounting (VPA) where applicable, Financial Reporting, FP&A and Tax. Includes all bases of accounting, US GAAP, Statutory, Adjusted Operating Income and includes Economic Value/Economic Capital (EV/EC) (future state)
• Lead the daily close meetings and understanding process interdependences and identify key roadblocks for the Financial Close and Reporting calendar and drive solutions
• Manage and track accountability for the retrospective close tracker opportunities and related execution of improvements. Lead retrospectives and identify immediate and near-term solutions
• Support problem management by tracking all issues identified during the Close and Financial Reporting processes which results in any errors or delays. Ensure accurate issue capture in ADO.
• Develop and maintain a close calendar with key milestones in a project plan (e.g. leveraging Microsoft Project), with appropriate level of tasks, level 1, 2 and 3 milestones and appropriate responsible parties
• Effectively communicate results to senior management in enabling timely strategic decision making. Clearly articulate the status of financial close process to leadership on a regular cadence including highlighting any upstream and downstream dependencies and impact of those to the overall close process timeline
• Manage enterprise close task management tool process (FCCS) and leverage tool to create metrics
• Support business as usual (BAU) team in the creation and redesign of the FCCS close tasks to align with future state taxonomy (supplement BAU team resources to meet Finance Transformation requirements)
• Lead the pre-planning meetings for quarterly close process and understand the impact of the key quarterly transactions and any impacts to the close timeline and proposed risk mitigation plans
• Prepare key metrics for Pacific Life Accounting & Reporting (PL A&R) including the financial close and reporting processes

Benefits

• Medical
• Dental
• Vision
• Wellbeing Reimbursement Account
• Paid Time Off
• Holiday Schedules
• Financial Planning Time Off
• Paid Parental Leave
• 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
• Education Level: Associate degree