Senior Financial Analyst II

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.

We’re actively seeking a talented Senior Financial Analyst II to join our Pacific Life Investments - Finance team in Newport Beach, CA.

The Senior Financial Analyst II will support the financial planning, forecasting, and performance reporting activities for Pacific Life Investments (PLI). This role will focus on preparing financial models, assisting with budgeting and expense oversight, and generating reports that provide insights into the financial performance of PLI, including Corporate Surplus Assets. The Senior Financial Analyst will work closely with the Consultant and AVP.

This role is on-site 4 days a week. You’ll work at our state-of-the-art Newport Beach headquarters.

How you’ll help move us forward:

Planning:

• Support the annual plan process for PLI, including Corporate Surplus Assets, Underwritten Equity, and impairments.

• Accumulate, review, and validate business inputs and planning assumptions to be utilized in PLI planning and forecasting processes.

• Run “what if” scenarios to help identify trends and support informed decision-making by key stakeholders.

Quarterly and Ad-Hoc Forecasting:

• Prepare and update quarterly financial forecasts with the latest business inputs and assumptions.

• Support the analysis of the quarterly forecasts in comparison to prior forecasts or plan.

• Respond to ad hoc forecasting requests from senior management and other stakeholders.

• Assist in building financial models and analyses to address specific business questions.

Performance and Management Reporting:

• Produce recurring management reports and analytics for the operating units.

• Monitor the performance of PLI, including the surplus portfolio, analyzing key performance drivers and trends.

• Assist as needed in the preparation of materials for the quarterly board reporting and quarterly business reviews.

• Support departmental initiatives such as spread analysis, risk-adjusted returns calculations, etc.

Budgeting and Expense Management:

• Support the development of PLI’s annual expense budget and quarterly forecast updates, with a focus on key spending areas such as technology, market data spend, managed services, etc.

• Monitor PLI actual expenses to ensure adherence to the approved budget. Identify and communicate variances in a timely manner.

• Analyze actual, budgeted, and forecasted PLI expense data and prepare reports for senior management, highlighting key trends, risks, and opportunities.

• Bring forward ideas for cost savings and efficiency improvements.

Departmental Support:

• Build and foster key relationships with internal partners, e.g., PLI, ERM, Accounting Policy, Treasury, Divisional Finance, Enterprise FP&A, etc. to ensure transparency and accuracy in planning, forecasting, and reporting processes.

• Document and maintain clear, detailed departmental procedures to support consistency, compliance, and knowledge sharing.

• Identify opportunities to enhance planning and forecasting processes, tools, and methodologies to drive greater transparency, efficiency, and accuracy.

The experience you bring:

• 8+ years of experience of progressive experience in professional accounting, FP&A or finance.

• Bachelor's degree in finance, accounting, business administration, or a related field.

• Proficiency in financial modeling, forecasting, budgeting, and analysis.

• Strong technical, analytical, and problem-solving skills to interpret complex financial data.

• Ability to meet and manage responsibilities under tight time frames.

• Solid verbal and written communication skills for effective interactions.

• Experience working cross-functionally with different departments.

• Continuous improvement mindset, collaborative and inclusive.

• Ability to work independently.

What makes you stan