VP Business Insights

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 Vice President to join our Enterprise Business Insights organization in Newport Beach. Reporting to the SVP – Capital Management & Head of Business Insights, provide leadership to the Enterprise Business Insights organization responsible for producing accurate, timely, high quality financial analysis around expenses and financial results, relevant industry insights, and strategic support to senior management.

How you’ll help move us forward:

• Oversee quarterly and annual financial analysis of company results and financial sensitivities. Communicates accurate picture of company sensitivities and recommendations for actions.
• Works closely with Pacific Life Risk Management, Capital Management and divisions to collaborate across company to understand and analyze business results and financial projections.  Ensures consistency and accuracy of reporting of projections and provides information that is used by senior management.
• Develops strategy for financial communication with external entities: Rating Agencies, Banks, DOI’s, subsidiary/country regulatory agencies, investors. Oversees preparation of Board Report, Rating Agency and other financial presentations.
• Overall responsibility for leading the annual budget consolidation, setting expense efficiency targets, quarterly financial reviews and planning process. Includes consolidating & analyzing financial plan information for communication to senior management.
• Partner with HR on recommendations to senior management on appropriate incentive targets for the business lines and the Enterprise overall.
• Responsibility for delivering curated industry insights by owning and driving the strategy to analyze industry trends, leading and mentoring a lean team of analysts and ensuring they have the appropriate resources, maintaining a SWOT analysis for relevant trends and preparing detailed reports and presentations for senior management, highlighting key findings and recommendations.
• Finance Transformation - Leader of the Business Insights/FP&A workstream with responsibility for delivering the workstream objectives, including 1) Implementation of single global enterprise planning system & process redesign 2) Enterprise financial dashboards 3) Global expense management 4) driver-based planning / forecasting (where appropriate) and 5) Capital forecasting and attribution capabilities (in partnership with the Capital Management team.
• As requested, work with senior management on various initiatives such as disclosure committee, acquisition analysis and due diligence, and new business operations.
• Responsibility for Corporate Division FP&A, including plan development, quarterly forecasting and analysis, and management reporting.
• Partner with Enterprise Capital Management and Divisions to align capital forecast, plan, and results with broader Enterprise financial story / results.
• Partner with Enterprise PMO to establish Enterprise Value Management efforts in line with enterprise projects committee expectations.

The experience you bring:

• Educational Background: A bachelor’s degree in finance, accounting, business administration, or a related field is essential. An MBA, CFA, CPA or other advanced degree or certification is often preferred.
• Experience: Extensive experience in financial planning and analysis (FP&A), corporate finance, corporate strategy or a related field and depth of knowledge in a life and annuity insurance company is key. Leadership experience in managing teams and projects is crucial.
• Technical Skills: Proficiency in financial modeling, forecasting, and analysis. Familiarity with financial software and enterprise planning systems.
• Strategic Thinking: Ability to develop and implement financial strategies, analyze industry trends, and provide actionable insights.
• Communication Skills: Strong verbal and written communication skills for effective interaction with senior management