Head of Defined Benefit

2 weeks ago

Newport Beach, United States Pacific Life Full time

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 Head of Defined Benefit to join our Institutional Retirement Solutions Group in Omaha, NE or Newport Beach, CA to work remotely or in the office.

As the Head of Defined Benefit, you’ll play a key role in Pacific Life’s growth and long-term success by leading the defined benefit business, developing the team, enabling a client-centric sales culture, and driving growth and innovation across the business, including pension risk transfer and solutions in the DB portfolio. This role will report directly to the Head of Institutional Retirement Solutions Group.

**How you will make an impact**:
Develop, articulate and execute the overall business strategy for the defined benefit business line to drive profitable growth
Lead the sales team to meet or exceed sales goals for the pension risk transfer, while identifying additional risk transfer opportunities to support institutional retirement outcomes
Build and lead a high performing team focused on creating and deepening relationships with clients, consultants, reinsurers, other insurers, and other potential traditional and non-traditional partners
Serve as thought leader in the institutional retirement market, with presence in key industry groups, while representing DB within the institutional division and Pacific Life
Oversee all business processes, ensuring adherence to guidelines, policies and regulatory requirements, and own the P&L for the DB business
Drive a client centric culture and behavior, within Pacific Life and externally
Identify opportunities and build the business case to expand Defined Benefit product suite
Lead new product development opportunities and oversee the execution and maintenance of the DB product roadmap
Broaden reach through additional partnerships to grow Pacific Life footprint and brand awareness in the market

**The experience you will bring**:
Actuarial experience
- Member of the American Academy of Actuaries (MAAA)
Enrolled Actuary or Fellow of the Society of Actuaries
Bachelor’s degree in Business, Actuarial Science, or a similar field
Demonstrated 15+ years of experience in the actuarial or Pension Risk Transfer space
Strong defined benefit knowledge
Extensive knowledge of DB and PRT and prior experience in the financial services industry, from negotiation, contracting and delivery perspective
Bias towards collaboration and a demonstrated ability to think creatively
Exhibited diplomacy, persuasiveness, creativity, judgment and decisiveness
Superior problem solving and program management skills

**What will make you stand out**:
Strong leadership skills
Impressive Executive presence
Strategic thinking with an ability to focus on the details
Experience with investments and reinsurance
Defined Benefit administrative experience

LI-JS1

**Base Pay Range**:
$235,350.00 - $287,650.00

Your 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 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

**EEO 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.

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