Director, ALM Strategy and Optimization

Job Description: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 OptimizationHow 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 strategyThrough the use of ALM model projections and analysis, modeling assessing ALM strategies and risk positioning across economic, GAAP and Statutory (US and BMA) frameworksCollaborate with the AVP ALM Strategy and Investment and Product Solutions (IPS) Team in development of new capital efficient and economically advantageous ALM solutionsEffectively communicating ALM strategic analysis to key stakeholdersMonitoring, maintaining and continuously evolving ALM strategic playbooks to manage risks related to market risk exposure, investment allocation and asset transfersActively 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 strategyConducting R&D on different ALM strategies, methodologies, enhancements, etc. across economic, GAAP and Statutory (US and BMA) frameworksSupporting R&D initiatives for product development, capital management, reinsurance optimizations, asset allocation and moreSupporting development, review, and challenge of market assumptions within the assumption governance frameworkThe experience you will bring:7+ years experience with thorough knowledge of life insurance business, investments, financial markets and risk management1-2yrs of experience in:Developing quantitative ALM or hedging strategies;Managing and executing ALM strategies or hedge programs; orOverseeing market risks and mitigation programsSolid experience in financial concepts, Statutory, GAAP, economic value/capitalExperience with U.S. and Bermuda Regulatory Frameworks as they relate to ALM, a plusStrong analytic skills to analyze market risk exposures and mitigation programs across the EnterpriseExperience 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 conceptsStrong written and verbal communication skills to effectively represent ALM positioning and  strategiesFellow of Society of Actuaries (FSA) or Chartered Financial Analyst (CFA) and additional training on financial engineering, quantitative finance is preferredWhat will make you stand out:Experience in ALM concepts, modeling and implementationAbility to collaborate immediately across functional areas Experience working across diverse teamsYou can be who you are.We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlifeBase Pay Range:The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.$198,810.00 - $242,990.00Your Benefits Start Day 1   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 dependentsGenerous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off Paid Parental Leave as well as an Adoption Assistance ProgramCompetitive 401k savings plan with company match and an additional contribution regardless of participationEEO Statement:Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.