Hybrid Director, ALM Strategy, Optimization

Posted 4 weeks ago

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About the role

  • Director, ALM Strategy & Optimization overseeing strategic objectives at Pacific Life through ALM strategies and risk management. Leading a team of professionals in a hybrid work environment.

Responsibilities

  • Motivating and leading a talented team of actuaries and cross collaborating with investment and technical professionals in continually striving to optimize Pacific Life’s ALM strategy
  • Through the use of ALM model projections and analysis, modeling assessing ALM strategies and risk positioning across economic, GAAP and Statutory (US and BMA) frameworks
  • Collaborate with the AVP ALM Strategy and Investment and Product Solutions (IPS) Team in development of new capital efficient and economically advantageous ALM solutions
  • Effectively communicating ALM strategic analysis to key stakeholders
  • Monitoring, maintaining and continuously evolving ALM strategic playbooks to manage risks related to market risk exposure, investment allocation and asset transfers
  • Actively collaborating with teams across the enterprise including Capital Management, Liquidity, Investment, IPS, Risk Management and Valuation to develop, evaluate and challenge explicit strategic ALM decisions or decisions impacting ALM strategy
  • Conducting R&D on different ALM strategies, methodologies, enhancements, etc. across economic, GAAP and Statutory (US and BMA) frameworks
  • Supporting R&D initiatives for product development, capital management, reinsurance optimizations, asset allocation and more
  • Supporting development, review, and challenge of market assumptions within the assumption governance framework

Requirements

  • 7+ years experience with thorough knowledge of life insurance business, investments, financial markets and risk management
  • 1-2yrs of experience in: Developing quantitative ALM or hedging strategies; Managing and executing ALM strategies or hedge programs; or Overseeing market risks and mitigation programs
  • Solid experience in financial concepts, Statutory, GAAP, economic value/capital
  • Experience with U.S. and Bermuda Regulatory Frameworks as they relate to ALM, a plus
  • Strong analytic skills to analyze market risk exposures and mitigation programs across the Enterprise
  • Experience with coding, specifically Python, and modeling
  • Strong written and verbal communication skills to effectively represent ALM positioning and strategies
  • Fellow of Society of Actuaries (FSA) or Chartered Financial Analyst (CFA) and additional training on financial engineering, quantitative finance is preferred

Benefits

  • Your Benefits Start Day 1
  • 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

Job title

Director, ALM Strategy, Optimization

Job type

Experience level

Lead

Salary

$198,810 - $242,990 per year

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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