AVP Investment Accounting

Job Description:

Providing for loved ones, planning for rewarding retirements, saving enough for whatever lies ahead - our policyholders count on us to be there when it matters most. It is a big ask, but it is 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 is the right thing to do. Pacific Life is more than a job, it is a career with purpose. It is a career where you have the support, balance, and resources to make a positive impact on the future - including your own.

We are actively seeking a talented AVP - Investment Accounting to join our Financial Reporting and Accounting team in Newport Beach, CA.

This role is hybrid. We believe in empowering our employees to get work done both in and out of our state-of-the-art Newport Beach headquarters.

As a AVP - Investment Accounting you will move Pacific Life, and your career, forward by being responsible for investment accounting and reporting across Pacific Life's fixed income, mortgage loan and derivatives portfolios. Accounting and reporting responsibilities include maintaining accurate investment holdings and related results on a US GAAP, Statutory and Tax basis.

You will fill existing role that is part of a team in our Corporate Division. Your colleagues will include fellow accounting, financial reporting, and investment management professionals.

How you will help move us forward:

* The AVP - Investment Accounting is responsible for the timely and accurate accounting and reporting of the Pacific Life fixed income, mortgage loan, and derivatives portfolios. These responsibilities include managing a professional staff of over twenty plus professionals and coordinating with a variety of business partners to periodically close and reconcile the related investment sub-ledgers. The reporting requirements cover a broad spectrum of deliverables included schedules for the Statutory annual statement, audited Statutory financials, and the audited US GAAP financial statements.

* Support Pacific Life Investments growth strategies and new asset / product development. Maintain and develop the PAM and Enterprise sub-ledger platforms. Developed and execute OTTI / CECL procedures, SOX controls, accounting policies and results analysis for investments. Coordinate the general ledger close process and annual audit for related investments.

* Additional reporting requirements include key deliverable around the OTTI and CECL process, as well as support for the annual audit process. The remaining responsibilities include staff training and development, accounting policy research, accounting system development and new investment initiative / project work. Overall, the position has significant scope and plays a key role in the financial statement process. The position also plays a key role in supporting the investment objects of Pacific Life.

The experience you bring:

* Subject matter expert in Investment Accounting with the demonstrated ability to direct subordinate managers and professional staff to complete core deliverables.

* Strong planning skills combined with an ability to collaborate with key business partners to meet the expectations of users of investment accounting and reporting information.

* Experience developing new or improved methods to execute through the investment accounting process combined with a solid knowledge of investment accounting sub-ledger tools.

* Experience managing investment accounting policies and requirements in an insurance company setting.

What makes you stand out:

• Strong knowledge of the fundamentals of fixed income and derivatives

• Experience with the PAM investment accounting platform

• 12+ years of overall professional experience with 3+ years of management experience

• 4-year degree in Accounting or Finance

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

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.