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 AVP in Enterprise Insurance Risk to join our Enterprise Risk Management in Newport Beach, CA. This role is on-site. Pacific Life seeks to strategically and profitably grow insurance risk. We take on insurance risk both as a direct writer (through the Consumer Market Division, Institutional Division and Workplace Benefit Division) and as a reinsurer (through the international Pacific Life Reinsurance Division) through diverse product offerings and global geographies. This provides a unique opportunity to consider and connect multiple perspectives in creating a consistent view of insurance risk and the business implications. You will oversee the enterprise wide mortality, longevity, morbidity, policyholder behaviors, reinsurance, underwriting, etc. and the interactions with other relevant risks. In this highly visible role, you will partner with stakeholders from across the company to enhance the Enterprise Risk Management Framework and its application in diverse business settings. To support Pacific Life’s digital first and data driven strategy, you will work with stakeholders and analytics practitioners across the enterprise to manage the risks in the development and implementation of data analytics strategy including accelerated underwriting, assumptions development, economic capital, and emerging regulatory requirements on the use of AI, etc. How you will make an impact: • Manage the execution of the enterprise insurance risk framework. Support the reporting to Enterprise Risk Committee (ERC), Board, rating agencies and regulators. Provide consolidated and consistent view of the enterprise’s insurance risk exposure and risk controls. • Lead the execution of the enterprise wide strategic objectives through enterprise insurance risk committee (IRWG) and/or other appropriate groups • Responsible for the research and development of Insurance Risk Quantification, i.e. Economic Capital(EC) and Value of New Business(VBN), in pricing, valuation and capital management. Collaborate with cross functional & cross divisional teams to develop appropriate EC modeling, stress calibration, risk aggregation and diversification. • Manage second-line effective challenge and oversight of assumption development, reinsurance pricing and counterparty risk analysis, including use of predictive analytics, along the spectrum from best estimate to tail risk. Member of the divisional Assumption Review and Approval Committees (ARAC) and Reinsurance Oversight Committee (ROC). Responsible for second-line reviews of high-risk assumptions assigned by the enterprise Assumption Governance Committee (AGC). • As trusted expert in the insurance space, support business strategy and execution through consultative engagements The experience you will bring: • Bachelor’s degree and Fellow of the Society of Actuaries or similar organization • At least 15 years of responsible actuarial experience in product pricing, reinsurance, experience studies, capital management across multiple lines of business across the enterprise • Hands-on experience in developing data science models with successful deployment What will make you stand out: • Demonstrated courage in effective challenges with solid analysis as well as business acumen to drive practical solutions • Self-starter, has a continuous improvement mindset. Manages ambiguity, exhibits courage, can work effectively with and influence different levels of the organization and across business lines. • Strong visual communication skills to tell “the story” with right level of details for a wide range of audiences. Base Pay Range: The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay. $185,600.00 - $232,000.00 - $324,800.00 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. Prioritization of your health and well-being including Medical, Dental, Vision, and 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 EEO Statement: 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. A career at Pacific Life is more than a job. It’s being hardworking. It’s being agile. It’s being mission-driven. It’s giving our policyholders the time, attention, and expertise they deserve –helping them to reach their financial goals and safeguard their futures. It’s having a positive impact on our industry and in the communities around us. It’s leveraging the collective genius within to drive the way we do business now and in the future, while also enjoying a supportive environment where you can be fulfilled in life and in work. At Pacific Life we are committed to a culture of belonging, a space where all employees are empowered to be authentic. One way we cultivate an inclusive culture is through our employee connections groups. The purpose of these employee-run groups is to offer a place to build community, connection, camaraderie, and a sense of belonging. Each group can be active in education, advocacy, recruitment, and community building throughout our organization. Learn more about our employee connection groups at Connection Groups. 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