AVP - Group Employee Benefits Risk Management

About the role

The Pacific Life Workforce Benefits Division (WBD) is actively seeking a talented AVP - Group Employee Benefits Risk Management to join the team in Newport Beach, CA or Omaha, NE. This role is hybrid, with 4 days in the office. Comprehensive relocation assistance is offered for those not currently located near one of these offices.

Responsibilities

• Support the execution of the Group Employee Benefits Division strategy to grow and scale a $1B revenue, profitable business in the Group Benefits market
• Collaborate with partners on a variety of new business and in force initiatives to identify, assess and mitigate key risks, including:
• New product development
• Rate development
• Renewal strategies
• Execute Technology and Operations roadmaps
• Partner with Finance & Actuarial, Risk Management and WBD to tailor pricing and other risk policies and standards as needed for Group Benefits
• Oversee the implementation of underwriting and pricing methodologies, support assumption oversight and model risk governance activities within the Division
• Supervise operational risk management activities within the Division and coordinate 2nd lines of defense activities within the Division where needed (e.g., Risk, Compliance, CISO)
• Promote a risk-aware culture and drive consistent and effective management practices
• Develop and maintain division-level risk governance and reporting
• Remain engaged with the competitive landscape, providing an understanding of competitor risk practices to stakeholders
• Contribute to the development of enterprise-wide risk policies and standards and promote their adoption throughout the Division

Requirements

• 10+ years of relevant Actuarial/Risk Management experience within the Group Employee Group Benefits industry
• Strong understanding of how insurance, operational, and strategic risks manifest in group benefits products
• Strong analytical capabilities with ability to apply analytical/critical thinking background to new situations
• Self-starter who can be trusted to take ownership of their work product
• Understanding of insurer financials, including Statutory and GAAP accounting, as well as how those frameworks are represented in product pricing
• Strategic, creative, and broadly focused thinker with demonstrated ability to be persuasive and collaborative

Qualifications

• Relevant credentials, including FSA or CFA, are a plus
• Comfortable in ambiguity and an advocate for change
• Demonstrated ability to anticipate future consequences and trends accurately

Skills

• Strong analytical and critical thinking skills
• Ability to work collaboratively with partners and stakeholders
• Experience with risk assessment and mitigation
• Knowledge of group benefits products and insurance operations

Benefits

• Base Salary Range: $230,000 - $268,000
• Comprehensive benefits package including medical, dental, vision, and wellbeing reimbursement account
• Paid time off options including: 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 additional contributions

Pay

Base Salary Range: $230,000 - $268,000

Schedule

This role is hybrid, with 4 days in the office.