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 or Omaha, NE. 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 Optimization

How 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 strategy

• Through the use of ALM model projections and analysis, modeling assessing ALM strategies and risk positioning across economic, GAAP and Statutory (US and BMA) frameworks

• Collaborate with the AVP ALM Strategy and Investment and Product Solutions (IPS) Team in development of new capital efficient and economically advantageous ALM solutions

• Effectively communicating ALM strategic analysis to key stakeholders

• Monitoring, maintaining and continuously evolving ALM strategic playbooks to manage risks related to market risk exposure, investment allocation and asset transfers

• Actively 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 strategy

• Conducting R&D on different ALM strategies, methodologies, enhancements, etc. across economic, GAAP and Statutory (US and BMA) frameworks

• Supporting R&D initiatives for product development, capital management, reinsurance optimizations, asset allocation and more

• Supporting development, review, and challenge of market assumptions within the assumption governance framework

The experience you will bring:

• 7+ years experience with thorough knowledge of life insurance business, investments, financial markets and risk management

• 1-2yrs of experience in:

  • Developing quantitative ALM or hedging strategies;

  • Managing and executing ALM strategies or hedge programs; or

  • Overseeing market risks and mitigation programs

• Solid experience in financial concepts, Statutory, GAAP, economic value/capital

• Experience with U.S. and Bermuda Regulatory Frameworks as they relate to ALM, a plus

• Strong analytic skills to analyze market risk exposures and mitigation programs across the Enterprise

• Experience 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 concepts

• Strong written and verbal communication skills to effectively represent ALM positioning and strategies

• Fellow of Society of Actuaries (FSA) or Chartered Financial Analyst (CFA) and additional training on financial engineering, quantitative finance is preferred

What will make you stand out:

• Experience in ALM concepts, modeling and implementation

• Ability to collaborate immediately across functional areas

• Experience working across diverse teams

You 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

Base Pay Range:

The base pay range noted represents the company’s good faith minimum and maximum range…