Financial Analyst II - Group Insurance

Financial Analyst II

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 Financial Analyst II to join the Finance team in our Workforce Benefits division. This role is on-site a minimum of four days per week in our Newport Beach, CA or Omaha, NE offices.

As a Financial Analyst II, you'll move Pacific Life and your career forward by executing key distribution compensation processes and support models as we grow our new Workforce Benefits Division. You'll be responsible for supporting external and internal commissions, supplemental compensation, and other related compensation processes. This individual will collaborate with the Distribution, Operations and Product Pricing teams to manage compensation schedules, ensure accurate and timely payment across compensation components, and provide a high level of support to distribution teams. This role with have a customer-service orientation, providing responsive, creative, and problem-solving solutions, and will partner closely with key stakeholders to execute processes and support compensation needs. Your colleagues will include fellow financial professionals. You will fill a new role within our Finance team in the Workforce Benefits Division. As part of the Workforce Benefits division, you will have the opportunity to thrive in an agile start-up environment surrounded by industry experts building a new business within a strong and long withstanding enterprise. How you'll help move us forward :

• Drive business decisions through insightful financial analysis related to internal and external commissions and supplemental compensation programs.
• Collaborate with Distribution, Operations, and Product Pricing teams to monitor compensation rates and manage processes to ensure accurate and timely payment and provide support to distribution teams.
• Support the annual budget and statistical reporting processes related to compensation programs, including financial performance, variance explanations, and cost analysis.
• Processes compensation requests for sales representatives and producer commissions including commissions, supplemental compensation, training and technology allowances, incentives, bonuses, etc., and balances and reconciles the field compensation accounts and tax reporting.
• Ensure accurate and timely payment and statement processing. Ensures that payments and records adhere to terms and provisions of the contract, federal laws, state regulations, and company guidelines and that all information is maintained as confidential.
• Support inquiries regarding compensation payments.
• Collaborate with Distribution and Operations teams to maintain and update broker firmographic data, including company structure, key personnel, and financial information, ensuring accuracy and completeness of information.
• Performs technical analysis to determine present and future financial performance. Gathers, analyzes, prepares and summarizes recommendations for financial plans, acquisition activity, trended future requirements and operating forecasts.
• Performs economic research and studies in the areas of rates of return, depreciation, working capital requirements, investment opportunities, investment performance and impact of governmental requirements.
• Uses data analysis methods to generate forecasts and "what if" scenarios to analyze trends with the goal of discovering useful information and suggesting conclusions to key stakeholders.
• May be responsible for unit's annual budget process, expense / service fee / staff forecasts, or statistical reporting, including financial performance, variance explanations, and cost analysis.
• Responsible for supporting the business with the objective of improving its profitability.
• Manages financial plans, forecasts, and budget processes through business partnership and aligns enterprise objectives.
• Applies appropriate use of scenario planning and risk assessment techniques and communicates range of potential outcomes to enable business decision-making.

The experience you bring :

What makes you stand out :

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.

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.