AVP, Risk Capital Solutions

Job Title

AVP, Risk Capital Solutions

Job Description

Pacific Life Re (“PL Re”) is a global life reinsurer operating across Europe, Asia, Australia, and North America, and is part of Pacific Life, a mutual insurance group. We are committed to innovation, excellence, and challenging industry norms to deliver outstanding protection, savings, and retirement reinsurance solutions.

The AVP, Risk, Capital Solutions is a key member of the Risk Management team, reporting to the PL Re CRO. In this position, you will play a key role in Pacific Life’s growth and long-term success by overseeing the implementation of risk management policies and standards within PL Re. You will be responsible for implementation of the Risk Management Framework across the Capital Solutions line of business. 

Key Responsibilities

• Develop, manage and own risk management framework elements relating to the Capital Solutions business
• Support the execution of the Division’s strategy and key initiatives as a member of the Capital Solutions Executive Committee
• Develop and mature the Capital Solutions Risk Appetite framework.
• Provide expert advice and support to division leadership and other senior managers on risk-related matters.
• Proactively coordinate with other experts across the Enterprise
• Set the tone for an appropriate ethical and risk culture by demonstrating appropriate behaviours in decision-making
• Monitor the evolution of the division’s risk profile and drive alignment with PL’s risk appetite and limits
• Conduct risk reviews and provide risk oversight for major transactions and material projects 
• Collaborating with other teams within the company to ensure that Capital Solutions strategies are aligned with the company’s overall risk management framework.

Skills & Experience

• Relevant professional qualification, with 10+ years’ experience in life (re)insurance or related fields.
• Strong understanding of risk management frameworks and their implementation.
• Experience with economic capital models and actuarial processes, including assumptions and modelling.
• Knowledge of regulatory environments and financial reporting standards.

Competencies & Behaviours

• Demonstrates integrity, courage, partnership, and enduring strength in decision-making and stakeholder engagement.
• Communicates complex concepts clearly to diverse audiences (management, regulators, board, staff).
• Builds strong relationships internally and externally.
• Shows initiative, flexibility, and resourcefulness.
• Takes responsibility for quality, completeness, and accuracy of work.
• Critically evaluates and challenges current practices.
• Manages deadlines and prioritizes effectively.
• Shares information, knowledge, and experience openly.

Working For Pacific Life Re

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits (Only for Permanent and Fixed Term Employees)

Leave

• 25 days of annual leave with option to buy/sell more days 

• Adoption and fertility leave 

• Generous enhanced parental leave 

Healthcare

• Comprehensive private insurance coverage for employee and dependents

• Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary 

• Optical benefits 

Savings & Retirement

• 15% combined employee/employer contributions 

Wellness

• Subsidized gym membership 

• Access to Employee Assistance Program 

• Cycle to Work and Electric Car Salary Sacrifice Scheme 

• Time off for volunteering 

• Charitable matching of employee donations 

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Values

Please click here to view our company values