Job Description:

We’re actively seeking a talented Economic Value Financial Reporting AVP to join our Accounting & Reporting team in Newport Beach, CA.This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, we offer comprehensive relocation assistance.

Newport Beach, CA is the preferred location for this role, offering opportunities for in-person collaboration with senior leaders and cross-functional partners. We are also open to considering highly qualified remote candidates. For those working remotely, periodic travel to Newport Beach will be required to support business priorities, team engagement, and leadership activities.

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.

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

• 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