Pacific Life Hiring for VP Pension Risk Transfer and Defined Contribution Lifetime Income at Newport Beach, CA  Full Time

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 Vice President, Pension Risk Transfer (PRT) and Defined Contribution Lifetime Income (DCLI) to join our Institutional Division in Newport Beach, CA. This role will be hybrid with at least 3 days in the office per week.

As the Vice President, Pension Risk Transfer (PRT) and Defined Contribution Lifetime Income (DCLI) , you’ll play a key role to establish, deliver, and champion a grounded long-term business plan for Pacific Life’s PRT and DCLI business that integrates seamlessly with the Institutional business model. This plan will establish competitive advantage, be scalable, and deliver significant value to the Institutional Division and Pacific Life by identifying appropriate differentiation in a competitive market, building efficiencies, and creating leading digital and distribution capabilities.

How you will make an impact:

• Manages and profitably grows Pacific Life’s PRT and DCLI business despite fierce competition and shifts in the market cycle. Maintains a holistic view of not only the marketplace, but it’s role in both the Institutional Division’s and Pacific Life’s portfolio and risk appetite then determining appropriate timing, balance of assets and liabilities, and application of innovative approaches and products.
• Develops strategy and short-range plans (1 to 3 years), programs, and policies for PRT and DCLI and provide recommendations for long-range plans (3 to 5 years) for existing and new markets.
• Leads teams that are comprised of product development, customer and partner engagement for PRT and DCLI. Works cross functionally across the enterprise and division including operations, technology, legal to execute on the strategic priorities
• Brings credibility and builds strong internal and external partnerships. In partnership with the Head of Institutional, influence Pacific Life leadership’s understanding of the unique needs of the PRT and DCLI business, then secure their support, buy-in, and action on the business plan and necessary resources, capital, support, and partnerships. Builds robust relationships externally and influence decision-makers to win assets for and build the reputation/brand of Pacific Life.

The experience you will bring:

• Requires 10+ years of experience in the Financial Services industry
• Broad leadership experience with or exposure to finance, risk, operations, marketing, distribution, technology, and servicing in the PRT market
• Respect from internal and external stakeholders: Has strong positive relationships with major stakeholder groups, particularly with clients who make decisions, and/or can build them quickly; Has a strong positive brand/reputation in the market; Demonstrated experience navigating complex internal organizations to achieve results; Has found a good balance between authority and influence.
• Strategy Development: Crafted winning strategies aligned with business strategies that led to positive business results. Has actively participated in the development of business strategy. Familiarity with using digital to accomplish strategy
• Track record of success: Has demonstrated positive leadership impact and business results leading a team. Credible and confidence-inspiring. Has successfully overseen successful product portfolios. Demonstrated ability to balance team needs with needs of the enterprise. Has successfully influenced and navigated the market and internal channels to achieve success. Effectively led through market cycles while maintaining positive business impact and team morale.
• Startup/Emerging: Has built a business unit from scratch, has turnaround experience, and/or restructured a business; Has built organizations into efficient and high-performing teams with a strong, aligned culture. Managed the creation of major business processes; Experience with rapid organic growth
• Uses design thinking approach to solve customer problems and maximize value for Pacific Life and customers, including making decisions to solve complex problems without precedent for new products.

What will make you stand out:

• Builds Effective Teams – Assesses strategic needs, then transforms organizations and forms the best high-performing teams to deliver on goals through development and attracting top talent. Establishes common objectives and a shared mindset. Optimizes efficiency and consistent work processes. Builds solid pipelines of talent.
• Develops Talent – Places a priority on developing others through coaching, feedback, exposure and stretch assignments. Aligns development with organization’s needs. Encourages sharing/development of talent across businesses. Leads development by example.
• Values Differences – Recognizes the value that different perspectives and cultures bring to an organization; learns from others who have different perspectives; minimizes bias and challenges stereotyping

More reasons to join:

At Pacific Life, the work we do matters. We work passionately each day to drive our company forward while enjoying job security, flexible scheduling, and great opportunities for career growth.

If you’re seeking a thriving career doing the type of meaningful work that’s all too rare at a Fortune 500 Company, Pacific Life is the place for you. If you are a self-starter who appreciates creativity and individuality in your colleagues – even better. We look forward to receiving your application.

You belong at Pacific Life

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 connection groups. The purpose of these employee-led 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