VP, Head of Pension Risk Transfer Pricing
Company: Pacific Life
Location: Albany
Posted on: September 27, 2024
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Job Description:
Job DescriptionJob Description: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 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.
How you'll help move us forward:
Strategic Initiatives
-- 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.
Innovation and Infrastructure Development
-- 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.
Collaboration and Relationship Building
-- 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.
Leadership and Influence
-- Lead and develop team of 10-15 actuaries, guiding them in
strategic pricing efforts.
-- Build and maintain high credibility with internal and external
partners.
-- Support strategic Enterprise projects as necessary (e.g.,
Project Blue, Affiliate Reinsurance, LDTI).The experience you
bring:
--- 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. This individual
should demonstrate willingness to immerse self in business
operations.
You can be who you are.
People come first here. We're committed to a diverse, equitable and
inclusive workforce. Learn more about how we create a welcoming
work environment through Diversity, Equity, and Inclusion at What's
life like at Pacific Life? Visit
Benefits start Day 1.
Your wellbeing is important. We're committed to providing 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 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.#LI-JVI1#hybrid#remoteBase 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.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.
Keywords: Pacific Life, Pittsfield , VP, Head of Pension Risk Transfer Pricing, Accounting, Auditing , Albany, Massachusetts
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