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 Director - Defined Contribution Product to join our Defined Contribution Lifetime Income team onsite in Newport Beach, CA or Omaha, NE. Candidates open to relocating to either of these office locations are encouraged to apply.
As the Director - Defined Contribution Product, you’ll play a key role in Pacific Life’s growth and long-term success by leading efforts to implement innovative Defined Contribution Lifetime Income product initiatives and providing both strategic and tactical leadership.
How you will make an impact:
Lead a team responsible for defining DCLI product features, scheduling, sequencing, and allocation of resources to ensure seamless product project execution and implementation of our retirement income solutions.
Oversee and partner with Product Managers and collaborate with key division and enterprise functions such as Business Delivery, Compliance, Marketing, Operations and Technology to prioritize product initiatives.
Oversee general retirement and DCLI market research efforts done by research and product managers while staying on top of industry trends.
Maintain strong relationships with National Markets to support distribution efforts and ensure the product is connected to market needs.
Responsible for initial ideation and cost-benefit analysis work for innovative retirement income product creation.
Responsible for the design, build, and maintenance of retirement income solutions with a strong understanding of market dynamics, regulatory requirements, and competitive landscape.
Ensure that DCLI product development efforts are aligned with potential customer value and speed to market, maintaining close collaboration across the Division and Enterprise to enhance process efficiency and optimize outcomes.
Oversee the delivery of DCLI products and features in accordance with agreed-upon schedules, ensuring they meet customer needs and business objectives, and ensuring alignment with strategic and business objectives, as well as compliance considerations.
Work to align resources, address implementation challenges, and manage the internal landscape, ensuring that the product goals are met in a timely and efficient manner.
Collaborate closely with DC Product Pricing Actuaries to design and evaluate innovative insurance products and pricing strategies that align with market trends and customer needs.
Provide retirement and DCLI market insights and customer analytics to inform pricing assumptions and support the development of differentiated data-driven solutions in partnership with the Pricing team.
Drive creation of technical specifications for admin and illustration systems and perform user-acceptance testing to ensure accurate implementation.
Serve as a trusted advisor to the AVP, Defined Contribution Lifetime Income on issues affecting strategic decisions and will regularly counsel the team on matters related to Product development and delivery.
The experience you will bring:
Bachelor’s degree in marketing, business, or a similar field.
Extensive knowledge of the Defined Contribution market.
Deep experience in product development and/or product delivery.
Ability to influence, partner and collaborate with divisional stakeholders and senior members of the firm.
Strong desire for collaboration and a demonstrated ability to think creatively.
Demonstrated ability to lead and grow team members.
What will make you stand out:
Actuarial background preferred.
Deep knowledge of DC plans, lifetime income product types and competitor landscape.
Desire to stay up-to-date with DCLI industry trends, emerging technologies and regulatory changes that impact the insurance landscape.
Experience with retirement plan advisors, plan sponsors and plan administrators, asset managers and managed advice providers
Strong interpersonal skills and the ability to operate in ambiguity.
Excellent leadership skills and ability to motivate and inspire others.
An agile mindset and the ability to demonstrate results in a start-up environment.
Compelling presentation skills.
Advanced certifications or industry licensing.
You can be who you are.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
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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.
$163,620.00 - $199,980.00
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
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
