VP, Head of Pension Risk Transfer Pricing
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About The Position
Pacific Life is actively seeking a talented Vice President, Head of Pension Risk Transfer Pricing to join our Institutional Division in Newport Beach, CA. This role can either be remote or hybrid (3 days in the office, 2 days from home). As the VP, Head of Pension Risk Transfer (PRT) Pricing, you will play a key role in Pacific Life's growth and long-term success by leading the PRT pricing team to design, price, and implement retirement income products to support the Institutional Division's product strategies. This position will report to the SVP & CFO of the Institutional Division. In this role, you will oversee all pricing strategies for the PRT product line, ensuring alignment with long-term financial objectives. You will drive and implement pricing strategies that enhance profitability and mitigate risk, while also fostering innovation through new product developments. Your leadership will be crucial in building pricing team capabilities and optimizing ROI to achieve growth objectives for the PRT product line. You will execute transaction pricing and develop pricing infrastructure, ensuring effective controls are in place to achieve priced-for returns. Collaboration will be key as you partner with the Head of PRT in the development and execution of PRT strategy, as well as with Enterprise Model Development and Enterprise Valuation to support pricing initiatives and transition placed business from pricing to valuation. Additionally, you will support the development of product strategy for new DCLI markets as necessary. As a leader, you will guide a team of 10-15 actuaries in strategic pricing efforts, building and maintaining high credibility with internal and external partners. You will also support strategic Enterprise projects as necessary, such as Project Blue, Affiliate Reinsurance, and LDTI. This role is not just about numbers; it’s about making a positive impact on the future of our policyholders and the industry as a whole.
