Client looking to add an ALM Actuary to a brand new practice. Position reports into VP of ALM and will be the second team member in this growing practice. This role will be a key contributor to the Asset Liability management framework development and lead the implementation effort. This position will interact closely with Investments, Finance, and Valuation to evaluate current ALM positions and produce valuable information to steer the investment strategies. The successful candidate will also develop and operate a hedging operation system for emerging annuity product lines.
Duties:
Develop and maintain the asset liability management framework
Responsible for ALM segment reporting and risk analysis, and support risk mitigation strategies.
Participate in asset allocation and investment strategy planning and review processes.
Develop tools to demonstrate the trade-off between capital usage and return targets for various capital regimes.
Collaborate with investment to develop tactical and strategic asset allocation
Partner with product management and investment on the development of new products and their associated risk management.
Develop/operate a derivative hedging program to manage new products’ capital market risks.
Qualifications:
Minimum 7+ years of experience in asset-liability management, derivative and liability hedging, or insurance product development/Pricing.
Fundamental understanding of fixed-income asset classes and equity derivatives
Advanced experience with MS Office and programming (C/C++, SQL, or MatLab)
Working knowledge of FactSet, Bloomberg, or any actuarial/hedging software ideal
Strong communication and presentation skills
Expert analytical and problem-solving skills
Preferred Qualifications:
FSA or CFA Designation preferred
Quantitative Analyst experience
Master’s degree in the quantitative fields
Working knowledge of embedded derivative insurance products.
Minimum 2+ years of experience in asset-liability management and derivative valuation
Advance knowledge of FactSet, Bloomberg, or any actuarial/hedging software