New

Investment Operations Analyst II

Pacific Life
life insurance, parental leave, paid time off, 401(k)
United States, California, Newport Beach
700 Newport Center Drive (Show on map)
Mar 12, 2026
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 are actively seeking a Collateral Analyst, Analyst II to join the Collateral Operations team in Newport Beach, CA. As a Collateral Analyst II, you move Pacific Life and your career forward by independently executing daily derivatives collateral processes and resolving routine issues across counterparties, custodians, and internal partners. You fill an existing role on a team supporting the Pacific Life Investments division. You work alongside experienced collateral professionals who value accuracy, accountability, and utilize procedures to achieve consistent processing for clean data delivery and reconciliations. The team operates with shared ownership of tasks, cross-training regularly, while providing support for coordination with Trading, Treasury, Accounting, Legal, and Risk. How you'll help move us forward: * Execute daily variation margin and initial margin processes in accordance with CSA terms and internal controls. * Prepare, issue, and respond to margin calls and monitor collateral movements through settlement. * Reconcile collateral balances and investigate routine breaks across systems and statements. * Coordinate with counterparties, custodians, and internal teams to resolve discrepancies. * Maintain accurate records to support audits, risk reviews, and regulatory inquiries. * Identify and explore opportunities to improve processes to reduce risk or manual error, to increase scalability. The experience you bring: * Bachelor's degree and two or more years of experience in collateral management, derivatives operations, or investment operations. * Working knowledge of margining concepts and collateral workflows. * Strong reconciliation skills and attention to detail. * Ability to manage daily deadlines and competing priorities. * Clear written and verbal communication skills. What makes you stand out: * Direct experience with bilateral OTC collateral. * Exposure to collateral systems or margin platforms. * Comfort reviewing CSA terms and applying them to daily processing. * Interest in strengthening controls and operational resilience. 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. $40.81 - $49.87 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 You Can Be Who You Are We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife 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.