Policy Change Director manages all aspects of insurance policy changes according to company guidelines. Designs and implements procedures used for expediting policy changes and the calculations used to determine associated costs. Being a Policy Change Director develops, implements, and communicates policies and practices concerning policy changes and related costs. Requires a bachelor's degree. Additionally, Policy Change Director typically reports to top management. The Policy Change Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Policy Change Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)
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 Accounting Policy Director with a focus on investment accounting to join our Enterprise Accounting Policy team in Newport Beach, CA. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.
As an Accounting Policy Director you'll move Pacific Life, and your career, forward by navigating and evaluating complex and technical transactions related to our investment portfolio and engage with stakeholders across the company on accounting matters.
How you'll help move us forward:
Support all aspects of US GAAP and US Statutory accounting policy activities across the enterprise with a focus on investments; efficient communication of activity and issues across the organization to all relevant stakeholders
Responsible for analyzing strategic and complex transactions related to: Investments and derivatives, including structured securities, consolidation accounting, CECL and impairments, and hedging
Provide subject matter expertise to business units responsible for preparing financial statements
Lead the development, maintenance and publication of Pacific Life's Accounting Policy and Transaction memos across all relevant accounting areas
Assist in the identification, assessment, monitoring, and communication of new and emerging accounting guidance developed by the FASB and NAIC across relevant accounting areas
Develop and execute internal training opportunities for the broader Controllership organization
Lead special projects as needed
The experience you bring:
Experience in US GAAP and US Statutory accounting for a variety of complex investments, including variable interest entities, CECL, private equity, structured securities, and derivatives
Significant experience in US Statutory accounting for life and annuity insurance companies
Extensive experience researching, resolving, and communicating technical accounting matters
What makes you stand out:
Bachelor's degree required: Accounting focus
CPA strongly preferred
10 years of experience in accounting
Exceptional written and verbal communication skills
Note: Job level may vary based on skills and experience.
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.
Benefits start Day 1.
Your wellbeing is important. We're committed to providing 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 a 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.
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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.
$159,660.00 - $195,140.00Your 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.
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