Director Actuary - Index Hedging

Job 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 Director Actuary, Index Hedging Strategy and Operations to join our Pacific Life Investments (PLI) Enterprise ALM team in Newport Beach, CA.

This role is on-site 4 days per week and work from home 1 day per week.

As a Director Actuary, Index Hedging Strategy and Operations you will play a key and visible role…

…By executing on strategic objectives to manage enterprise-wide risk and competitiveness. You will lead a team of actuaries and financial professionals to develop, implement, and operate index hedging solutions for FIA, IUL, and RILA products. You will partner with key stakeholders from across the organization including Derivative Investments, Enterprise Valuation, Product Development, and Finance to ensure efficient hedge operations and effective reporting and oversight.

How

you'll help move us forward

• Own the development, implementation, and operation of indexed account hedging programs including IUL, FIA, and RILA
• Effectively communicate hedging performance results to key stakeholders in Finance, Product Development, PLI Derivatives, Treasury, Inforce Management, etc. to ensure clear understanding on hedging financial impacts
• Lead new indexed account product hedging strategy analysis, development, and ultimately the hedge program recommendation for approval
• Partner with Product Development on new product market risks and hedging mitigation analysis, including exotic option pricing. Influence Product in their design through prioritizing and balancing hedge effectiveness and efficiency
• Lead the indexed account hedging team through the development and implementation of enhancements to operational processes, controls, and governance
• Proactively report, address, recommend for approval, and ultimately implement any hedge breakage solutions and program enhancements prioritizing and balancing process efficiency and effective governance while emphasizing innovation
• Lead and develop a team of Actuarial and finance professionals that effectively contributes to the Hedging Team, Department, and PL goals

The experience you bring

• 7+ years of experience with thorough knowledge of life insurance and annuity products and an FSA designation
• Experience developing and managing hedging strategies or other risk mitigation programs
• Ability to lead and develop a team under a shared vision
• Strong analytical skills to analyze market risk exposures and develop risk mitigation programs
• Solid experience in financial markets, investments, and quantitative finance, including option pricing
• Strong written and verbal communication skills to effectively represent index hedging strategies and operations
• Experience with Python, Bloomberg, Tableau, or related software

What makes you stand out

• Extensive experience in Hedging and ALM concepts
• Ability to collaborate with a variety of different functional areas
• Experience managing a diverse team and executing upon a shared vision

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…