VP, Head of Pension Risk Transfer Pricing

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 Vice President, Head of Pension Risk Transfer Pricing to join our Institutional Division in Newport Beach, CA. This role can either be remote or hybrid (3 days in the office, 2 days from home).

As the VP, Head of Pension Risk Transfer (PRT) Pricing, you will play a key role in Pacific Life's growth and long-term success by leading the PRT pricing team to design, price and implement retirement income products to support the Institutional Division's product strategies. This position will report to the SVP & CFO of the Institutional Division.

How you’ll help move us forward:

Strategic Initiatives
-- Oversee all pricing strategies for the PRT product line, ensuring alignment with long-term financial objectives.
-- Drive and implement pricing strategies that enhance profitability and mitigate risk.
-- Drive new product innovations, build pricing team capabilities and optimize ROI to achieve growth objectives for the PRT product line.
Innovation and Infrastructure Development
-- Execute transaction pricing and develop pricing infrastructure, fostering innovation.
-- Scale and drive continuous improvement in the pricing process.
-- Ensure effective controls are in place to achieve priced-for returns.
Collaboration and Relationship Building
-- Partner with the Head of PRT in the development and execution of PRT strategy.
-- Partner with Enterprise Model Development as needed to support pricing initiatives.
-- Partner with Enterprise Valuation to transition placed business from pricing to valuation.
-- Support development of product strategy for new DCLI markets as necessary.
Leadership and Influence
-- Lead and develop team of 10-15 actuaries, guiding them in strategic pricing efforts.
-- Build and maintain high credibility with internal and external partners.
-- Support strategic Enterprise projects as necessary (e.g., Project Blue, Affiliate Reinsurance, LDTI).

The experience you bring:

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