Director, ALM Strategy and Optimization

Director, ALM Strategy and Optimization

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. The 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 enterprise‑wide risk and competitiveness. You will lead a team of actuaries and financial professionals within the PLI Enterprise ALM team, partnering closely with ALM Analytics, Hedging and Investment strategy teams to guide the management and expansion of our $225 billion AUM through improved competitiveness, balancing risk vs.

return, and leveraging real‑time data to make key risk and competitiveness decisions. You will report directly to the AVP, ALM Strategy and Optimization.

• Motivate and lead a talented team of actuaries, cross‑collaborating with investment and technical professionals to optimize Pacific Life’s ALM strategy.
• Use ALM model projections and analysis to assess ALM strategies and risk positioning across economic, GAAP and statutory (US and BMA) frameworks.
• Collaborate with the AVP ALM Strategy and the Product Solutions (IPS) Team to develop new capital‑efficient and economically advantageous ALM solutions.
• Effectively communicate ALM strategic analysis to key stakeholders.
• Monitor, maintain and continuously evolve ALM strategic playbooks to manage risks related to market risk exposure, investment allocation and asset transfers.
• Actively collaborate with teams across the enterprise, including Capital Management, Liquidity, Investment, IPS, Risk Management and Valuation, to develop, evaluate and challenge explicit strategic ALM decisions.
• Conduct R&D on different ALM strategies, methodologies and enhancements across economic, GAAP and statutory (US and BMA) frameworks.
• Support R&D initiatives for product development, capital management, reinsurance optimizations, asset allocation and more.
• Support development, review and challenge of market assumptions within the assumption governance framework.

• 7+ years of experience with thorough knowledge of life insurance business, investments, financial markets and risk management.
• 1–2 years 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 and 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 represent ALM positioning and strategies.
• Fellow of the Society of Actuaries (FSA) or Chartered Financial Analyst (CFA), and additional training on financial engineering or quantitative finance is preferred.

• Experience in ALM concepts, modeling and implementation.
• Ability to collaborate immediately across functional areas.
• Experience working across diverse teams.

$ – $ (actual compensation depends on experience, qualifications and geography; most employees eligible for additional incentive pay.)

• Prioritization of health and wellbeing including medical, dental, vision and Wellbeing Reimbursement Account for you or eligible dependents.
• Generous paid time off options:
  Paid Time Off, Holiday Schedules and Financial Planning Time Off.
• Paid parental leave and adoption assistance program.
• Competitive 401(k) savings plan with company match and an additional contribution regardless of participation.

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.