AVP, Workforce Benefits Product & Pricing - Life, Disability, Leave

AVP, Product & Pricing We’re actively seeking a talented AVP, Product & Pricing to join our Workforce Benefits Finance organization in Newport Beach, CA or Omaha, NE. This opportunity follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, you will be required to relocate. We offer comprehensive relocation assistance. In this role you will be accountable for the end-to-end lifecycle performance of our Group Life, Group Disability, and Leave/Absence portfolio, ensuring our offerings balance customer value, profitable growth, and risk. With oversight of both product and pricing, this AVP sets business priorities, approves key product and pricing trade-offs, and leads initiatives through product development, pricing, and risk governance. The role partners closely with the Pricing Strategy team, Underwriting, Distribution, Finance, Legal/Compliance, Operations, and Technology to ensure business solutions are compliant, scalable, and executable. This leader will develop a high performing team and directly lead senior product and pricing leaders responsible for execution and delivery. Responsibilities Own portfolio strategy and outcomes for Workforce Benefits Life, Disability, and Leave/Absence products. Establish an integrated product and pricing vision aligned to divisional growth objectives and risk appetite, with accountability for performance, profitability, and customer value. Lead end-to-end product lifecycle, including product innovations, and business case development. Oversee product team that performs regulatory approvals, product launch, and ongoing optimization. Ensure product offerings are compliant, scalable, operationally executable, and differentiated. Establish and approve pricing frameworks and portfolio guardrails, including key metrics, assumption governance, sensitivity analysis. Gain alignment on the strategic balance of competitiveness, profitability, and risk for your products. Drive differentiation of product and pricing capabilities, partnering with peers in UW Transformation, analytics, and technology to push leading edge speed-to-market, monitoring, and decision quality. Build, lead, and develop a high performing team, providing direction, coaching, and talent development while creating clarity across the division on strategy and performance while we are in build mode. Own Life, Disability, and Absence/Leave assumption management, including mortality and morbidity analysis, trending monitoring, and transparent communication of methodologies, results, and sensitivities to senior leadership. Oversee month-end and quarter-end reserving activities, including review and interpretation of claims experience, reserve movements, and key financial risk drivers. Provide clear executive level insights into performance, trends, and emerging risks. Lead and approve product, pricing, and risk committee readiness and approvals, ensuring product and pricing meet enterprise governance standards and trade-offs are clearly articulated and documented. Oversee product and rate filings in partnership with legal and compliance, ensuring timely approvals. Qualifications Bachelor’s degree in actuarial science, mathematics, finance, business, economics, or related field (or equivalent combination of education or experience) 10+ years of progressive experience in workforce benefits or group insurance, with increasing leadership and scope. Actuarial credential (FSA) preferred, or equivalent depth of product, pricing, and risk leadership experience. Demonstrated leadership in product and/or pricing, including launching, managing, and optimizing insurance products through governance, implementation, and performance monitoring. Proven ability to lead cross-functional decision-making across finance, underwriting, legal/compliance, operations, technology, and distribution. Experience guiding initiatives through product, pricing, risk, and regulatory governance processes. Strong executive communication skills, including the ability to explain methodologies, assumptions, risks, and performance drivers to senior leaders. Demonstrated people leadership and talent development experience, including leading senior professionals and/or managers. Preferred Qualifications Experience building or scaling products and capabilities in a start-up or high-growth environment. Proven success modernizing product and pricing processes to improve analytics-enabled decision-making and speed-to-market. Salary Range: $230,000 – $250,000 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. Benefits 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. #J-18808-Ljbffr