AVP, Chief Risk Officer – Workforce Benefits
Pacific Life
full-time
Posted on:
Location Type: Hybrid
Location: Newport Beach • California • New York • United States
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Salary
💰 $230,000 - $268,000 per year
Job Level
About the role
- Support the execution of the Workforce Benefits Division strategy to grow and scale a $1B revenue, profitable business in the Group Benefits market
- Work collaboratively with partners on a variety of new business and in force initiatives to identify, assess and mitigate key risks, including: New product development, Rate development, Renewal strategies, Execution of Technology and Operations roadmaps
- Partner with Finance & Actuarial, Risk Management and WBD to tailor pricing and other risk policies and standards as needed for Group Benefits
- Oversee the implementation of underwriting and pricing methodologies, support assumption oversight and model risk governance activities within the Division
- Supervise operational risk management activities within the Division and coordinate 2nd lines of defense activities within the Division where needed (e.g., Risk, Compliance, CISO)
- Promote a risk-aware culture and drive consistent and effective management practices
- Develop and maintain division-level risk governance and reporting
- Remain engaged with the competitive landscape, providing an understanding of competitor risk practices to stakeholders
- Contribute to the development of enterprise-wide risk policies and standards and promote their adoption throughout the Division
Requirements
- 10+ years of relevant Actuarial/Risk Management experience within the Workforce/Group Benefits industry
- Strong understanding of how insurance, operational, and strategic risks manifest in group benefits products
- Strong analytical capabilities with ability to apply analytical/critical thinking background to new situations
- Self-starter who can be trusted to take ownership of their work product
- Understanding of insurer financials, including Statutory and GAAP accounting, as well as how those frameworks are represented in product pricing
- Relevant credentials, including FSA or CFA, are a plus
- Consistent track record of effectively working with data to manage risk and process re-engineering, simplification, and streamlining
- Comfortable in ambiguity and an advocate for change
- Demonstrated ability to anticipate future consequences and trends accurately
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
Actuarial analysisRisk managementUnderwriting methodologiesPricing methodologiesData analysisStatutory accountingGAAP accountingProduct developmentOperational risk managementModel risk governance
Soft Skills
Analytical thinkingOwnershipAdaptabilityChange advocacyCollaborationCommunicationProblem-solvingLeadershipStrategic thinkingRisk awareness
Certifications
FSACFA