Senior Financial Analyst

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 Sr. Financial Analyst to join our Reinsurance Operations team in Newport Beach CA or Omaha, NE. This role is hybrid.
As a Sr. Financial Analyst, you’ll move Pacific Life, and your career, forward by collaborating with stakeholders to support our evolving financial reinsurance initiatives, represent the department to provide any analytical or technical support for all reinsurance financial needs, and act as the central point of contact for reinsurance process improvements. You will fill a new role that sits on a team of 4 people in the Enterprise Reinsurance Department. Your colleagues will include Sr. Financial Analysts, Systems Analysts, Reinsurance Specialists and you will also be working with fellow actuarial and accounting professionals.
How you’ll help move us forward:

Provide analytical and technical support for all reinsurance financial activities and all reinsurance systems.

Perform financial evaluation and analysis for new and evolving financial reinsurance initiatives. Assist in explaining quarterly financial variances.

• Prepare quarterly financial information for all reinsurance arrangements to be used for accruals and settlements ensuring that all non-system reinsurance calculations are compliant with treaty provisions. Perform financial evaluation and analysis for assigned agreements. Prepare ad-hoc financial analysis and management reports as requested by senior management. Provide timely, relevant and accurate reporting & analysis of these results.

Handle bank reconciliation, audits, and wire processing coordination as part of daily responsibilities.​

Review overall processes to determine improvements and gain efficiency.

• Lead ongoing process improvements with the goal of transforming quarter-end financial reporting processes for all Modco and Financial reinsurance arrangements.

• Drive efficiencies and improve effectiveness to allow Reinsurance Operations to achieve our strategic objectives of both mitigating additional risk in the area and identifying strategic opportunities that leverage technology to help enhance and drive efficiencies. 

Use best practices and knowledge of internal or external business issues to improve services and solve long-term problems.

• Data mining with the ability to analyze data and draw relevant conclusions.

• Research, investigate and analyze all aspects of assigned projects.  Demonstrates significant knowledge and understanding of all relevant aspects of each assigned project.

Works with experts to consider options and identify solutions that best align with business strategies.

• Develop solutions to complex problems, requiring the regular use of ingenuity and creativity.

Represents the department and coordinates creation and delivery of all business needs including data feeds, communications, training, and business procedures/documentation.  Works with minimal supervision and receives minimal guidance on complex problems.
The experience you bring:

• 5+ years financial reporting and progressive accounting experience.

• 3+ years of life insurance and /or reinsurance reporting

• Proven leadership, organizational, interpersonal, analytical, and problem-solving skills.

• Demonstrated experience in working with IT to develop more efficient processes

• Demonstrates organizational, time management, oral and written communications, and multi-tasking skills

• Advanced computer skills. Adaptable to using/understanding various system functionalities including Microsoft Office products. Needs to be proficient in Excel.

• Strong team building, partnership and collaboration skills.

• Demonstrated ability to prioritize/communicate conflicting demands in a fast-paced environment.

• Ability to work independently on assignments of various levels of complexity

• 4-year degree or equivalent combination of work and experience. 

What makes you stand out:

• An advanced degree

• Experience with Excel as well as data analytics tools such as Alteryx and/or Tableau

• Experience with automation tools such as Power Automate

• Experience within reinsurance systems such as TAI

#LI-KB1

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.

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.