AVP, Economic Reporting & Analysis

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.

Pacific Life is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating superior customer experience. We’re actively seeking a talented Economic Value Financial Reporting AVP to join our Accounting & Reporting team. This highly visible leadership role sits at the intersection of Finance, Actuarial, Investments, Risk Management, Capital Management, and Technology. You will lead the reporting and analysis of Pacific Life's Enterprise Economic Value and Economic Capital (EVEC) while helping shape the future-state vision, operating model, and transformation strategy for economic reporting across the enterprise.

As a key member of the Accounting & Reporting leadership team, you will help drive a multi-year enterprise initiative focused on modernizing Economic Value reporting through enhanced governance, automation, reporting architecture, data strategy, and technology capabilities. You will have the opportunity to influence how Pacific Life measures and reports economic performance and supports enterprise decision-making through its economic framework.

This position has been approved as a remote opportunity within the United States. Periodic travel to Newport Beach, California is expected for team meetings, key business activities, and stakeholder collaboration (3-4 times per year).

 How you will make an impact: 

Economic Value Reporting and Analysis

• Lead the coordination, preparation, analysis, and review of quarterly and annual economic value reporting deliverables for Pacific Life

• Analyze economic value results and perform investigations into significant movements, assumptions, model outputs, and business transactions

• Partner with Finance, Actuarial, Investments, and Risk Management teams to ensure consistency and alignment of economic reporting methodologies

• Support the governance process around economic value and economic capital metrics, methodologies, assumptions, and reporting standards

• Prepare management reporting packages, executive presentations, and analytical summaries explaining economic value performance and emerging trends

• Serve as a subject matter expert on economic value measurement concepts and their relation to U.S. GAAP, statutory accounting, capital management, and enterprise risk management objectives

Economic Value Transformation and Process Modernization

• Partner with the organization to define strategic transformation initiatives designed to modernize and enhance the economic reporting process across the enterprise.  Partnering with the Finance & Actuarial Projects team as they execute to deliver that strategic design.

• Partner with business and technology teams to define future-state operating models, reporting architecture, and data strategies

• Drive automation efforts and reporting enhancements that improve reporting efficiency, controls, and data quality

• Identify opportunities to streamline manual processes through process redesign, workflow optimization, and technology-enabled solutions

• Communicate process improvements, transformation milestones, risks, and issues to management and executive leadership.

The experience you will bring: 

• Bachelor's degree in Accounting, Finance, Actuarial Science, Economics, Mathematics, Business, or related field

• CPA, CFA, FSA, ASA, MBA, or other relevant professional designation preferred

• 12+ years of experience in financial reporting, economic reporting, actuarial reporting, finance transformation, FP&A, enterprise risk management, or related functions

• Strong understanding of insurance company financial statements, economic value frameworks, capital management, and financial performance measurement

• Experience working with actuarial, investments, finance, and enterprise risk management teams

• Demonstrated experience leading or participating in large-scale finance, actuarial, or reporting transformation initiatives

• Excellent analytical, problem-solving, and communication skills

Base Salary Range: $230,000 - $250,000

Base Pay Range:

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

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

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

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.