VP, Head of Pension Risk Transfer Pricing

1 day ago


New York, New York, United States Pacific Life Full time
About the Role

Pacific Life is seeking a highly skilled and experienced Vice President, Head of Pension Risk Transfer Pricing to lead our Institutional Division in Newport Beach, CA. This role can be remote or hybrid (3 days in the office, 2 days from home).

Key Responsibilities
  • Oversee all pricing strategies for the PRT product line, ensuring alignment with long-term financial objectives.
  • Drive and implement pricing strategies that enhance profitability and mitigate risk.
  • Drive new product innovations, build pricing team capabilities, and optimize ROI to achieve growth objectives for the PRT product line.
  • Execute transaction pricing and develop pricing infrastructure, fostering innovation.
  • Scale and drive continuous improvement in the pricing process.
  • Ensure effective controls are in place to achieve priced-for returns.
  • Partner with the Head of PRT in the development and execution of PRT strategy.
  • Partner with Enterprise Model Development as needed to support pricing initiatives.
  • Partner with Enterprise Valuation to transition placed business from pricing to valuation.
  • Support development of product strategy for new DCLI markets as necessary.
Requirements
  • Fellow of the Society of Actuaries (FSA)
  • 15+ years of experience across diverse actuarial functions and products
  • Deep knowledge of the PRT product line
  • Extensive knowledge of pricing, valuation, risk management, and model development within the industry
  • Product experience across a diversity of products, with a preference for experience with fixed annuities, variable annuities, stable value, funding agreements, and PRT
  • Strong leadership in engaging, organizing, and developing a large team of actuaries
  • Demonstrated readiness to embrace change and challenge the status quo as appropriate
  • Demonstrated ability to positively influence operating results to help enable management to meet their objectives
About Pacific Life

Pacific Life is a company that values diversity, equity, and inclusion. We are committed to creating a welcoming work environment where everyone can thrive. Learn more about our commitment to DEI at www.pacificlife.com/about/diversity-equity-inclusion.

Benefits
  • Prioritization of your health and well-being, including Medical, Dental, Vision, and a 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
Compensation

Base salary $235,000 - $300,700 plus annual and long-term incentives.



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