Full-Time
Manager Fixed Income Operations
Posted on 12/6/2025
Pacific Life
1,001-5,000 employees
Offers life insurance, annuities, and funds
Compensation Overview
$148.2k - $181.2k/yr
Newport Beach, CA, USA
In Person
 Finance & Banking (1) |
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- 7+ years of experience in fixed income investment operations or middle office roles within asset management, hedge funds, or investment banking
- Minimum of 4 years leading a team
- Bachelor’s degree in Finance, Accounting, or equivalent work experience
- In-depth understanding of investment operations, trading workflows, and regulatory requirements
- Expertise across asset classes including Asset-Backed Securities, Corporates, Collateralized Loan Oblig pools
- Manage a team of professionals, providing mentorship, coaching, and performance oversight
- Adapt team priorities and plans to address service and operational challenges
- Provide operational guidance to employees and stakeholders across business areas
- Oversee trade lifecycle processes: trade matching, confirmation, exception resolution, and settlement
- Coordinate with broker-dealers, custodians, agents, legal counsel, and internal teams to ensure timely and accurate trade settlement
- Lead asset transitions
- Oversee team’s Trade and Security Master reconciliations
- Collaborate with front office teams (traders, credit analysts) to resolve trade-related issues
- Partner with Accounting, Compliance, and Audit teams to uphold internal controls and best practices
Pacific Life offers a range of financial protection and retirement products for individuals and businesses, including life insurance, annuities, mutual funds, and reinsurance services. Its products work by providing financial protection (life insurance pays a benefit to beneficiaries upon death), generating retirement income (annuities convert premiums into guaranteed payments over time), and offering investments through mutual funds to grow assets. The company serves retail customers, institutions, workplace benefits, and reinsurance clients, and it distinguishes itself through a long history (nearly 160 years), its Fortune 500 status, and a broad product suite that supports financial security across generations. The goal is to help people and organizations protect loved ones, plan for retirement, and build and preserve wealth for current and future generations.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$750M
Headquarters
Newport Beach, California
Founded
1868
Simplify's Take
What believers are saying
- Real estate lending expansion: $73M construction loan for 336-unit mixed-use development in Florida.
- Strategic partnerships: AllianceBernstein platform integration and State Farm VUL distribution expand market reach.
- Value-based care investment: $135M funding in AbsoluteCare reduces emergency visits by 34%.
What critics are saying
- $58M PDX settlement and Kyle Busch's $8.5M IUL lawsuit expose misleading sales practices.
- High-profile litigation triggers regulatory scrutiny from California DOI and NAIC, risking product bans.
- Advisor defection to untainted competitors threatens 26,000 employer group market share by 15-20%.
What makes Pacific Life unique
- API integration with Selerix enables real-time EOI decisions, reducing paramedical exams by 95%.
- Serves 26,000 employer groups across dental, vision, life, and disability insurance products.
- $186 billion in assets as of December 31, 2025, backed by top financial ratings.
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Benefits
Health Insurance
Paid Vacation
Paid Parental Leave
Adoption Assistance
401(k) Retirement Plan
401(k) Company Match
Company News
Pacific Life has launched an Evidence of Insurability API integration with Selerix, a cloud-based benefits administration provider. The integration allows employees to complete EOI applications directly within the enrollment process and receive near real-time decisions, with automatic updates via the Selerix portal. More than 95% of EOI applications receive swift decisions without requiring paramedical exams, significantly reducing administrative burden. Pacific Life is among the few employee benefits carriers to integrate with both Selerix's Enrollment and EOI APIs. The integration eliminates manual status updates for brokers and streamlines the benefits administration experience for employees, employers and brokers. Pacific Life's Workforce Benefits business offers dental, vision, life insurance, disability and other insurance products to 26,000 employer groups.
Affiliated Development has closed a $73 million construction loan with Pacific Life Insurance Company for The Dune, a mixed-use development in Boynton Beach, Florida. Construction has commenced immediately. The project will deliver 336 residential units, comprising 298 luxury flats in an eight-storey building and 38 three-storey townhomes, plus street-level retail and structured parking. Located near Delray Beach with ocean views, the development will include 198 units reserved for households earning between 80% and 120% of area median income. The South Florida-based developer utilised Florida's Live Local Act, which provides administrative approvals and density bonuses for mixed-income projects dedicating at least 40% of units to workforce housing. Affiliated Development is also building The Pierce, a separate 300-unit workforce housing development in Boynton Beach.
Kyle Busch's $8.5 million lawsuit: how a retirement plan went wrong. NASCAR superstar Kyle Busch and his wife, Samantha, have launched a legal battle against Pacific Life Insurance Co., claiming they were duped into investing $8.5 million (£6.4 million) in a retirement plan that turned out to be far riskier than they were led to believe. The lawsuit alleges that the couple was misled into believing they had purchased a safe, long-term savings vehicle, only to discover they had fallen into a potentially damaging financial trap. The lawsuit that could shake up the industry. Filed in North Carolina state court, the lawsuit accuses Pacific Life of deceptive marketing practices and negligent misrepresentation. The couple contends they were persuaded to invest in a series of life insurance policies marketed as secure, tax-efficient retirement tools. According to the complaint, the plan's true nature involved significant market risk, high fees, and poor returns - details that were allegedly concealed or misrepresented. The Busches are seeking $8.5 million in damages, representing the losses they attribute to the policy's declining value, premiums paid, and the high costs associated with the product. The legal filing claims that the financial adviser involved failed to disclose critical information about the policy's risks and costs, presenting it instead as a safe, retirement-focused investment. Pacific Life has declined to comment publicly on the specifics of the lawsuit. What the Busches say happened. The couple alleges they were approached with an 'advanced retirement and estate planning strategy,' which was described as a way to combine insurance coverage with tax benefits and long-term wealth growth. They assert that the adviser assured them the product was a secure, long-term investment. The complaint includes allegations of breach of contract, negligent misrepresentation, and unfair trade practices, claiming they were not fully informed of the product's actual risks and costs. It also highlights that the plan's performance fell significantly short of the projections provided by their adviser. Understanding the investment: indexed universal Life Insurance. The controversial plan at the heart of this dispute appears to be a form of indexed universal life (IUL) insurance. These policies are marketed as combining life coverage with investment potential by allowing policyholders to allocate cash value to stock market indices. They promise the potential for growth while providing a death benefit. However, financial experts have long warned about the hidden risks and fees embedded within these products. The value of such policies can fluctuate with market performance, and during downturns, the cash value can decline sharply. For high-earning athletes like Busch, these products are often promoted as tax-efficient wealth-building tools, but critics caution that their complexity can easily mislead consumers without transparent, straightforward advice. Public and industry reaction. The lawsuit has sparked widespread discussion across the motorsport and financial communities. Fans and observers expressed surprise that one of NASCAR's most successful and calculated drivers could become embroiled in such a financial controversy. While Kyle Busch has not publicly commented beyond the legal filings, his wife Samantha is named as a co-plaintiff. Pacific Life, one of the largest insurers in the US, has yet to respond publicly to the allegations. The broader implications. The case remains ongoing, but it serves as a stark reminder of the potential pitfalls of complex investment-linked insurance policies - especially for high-net-worth individuals who may be targeted by aggressive financial marketing. The lawsuit underscores the importance of transparent financial advice and thorough understanding before committing significant sums to such plans. Busch and his wife are determined to recover what they believe was lost due to misrepresentation and lack of disclosure. Their legal action highlights how even seasoned professionals can be vulnerable if they do not have complete clarity on what they are investing in. As the case unfolds, it may prompt greater scrutiny of these types of insurance products and how they are marketed to wealthy clients. For now, the Busch family's fight stands as a cautionary tale about the risks lurking behind seemingly secure financial strategies.
NEWPORT BEACH, Calif. - (BUSINESS WIRE) - Pacific Life has announced the launch of two new fixed indexed annuity offerings, Pacific Index Foundation(R) 2 and Pacific Index Income(TM) in approved states and firms.
Pacific Life Insurance Company (the “Company”) today announced the pricing of $750 million aggregate principal amount of 5.95% surplus notes due 2055 (the “n...