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Jackson National Life Insurance
Lansing, MI | Full Time
$197k-249k (estimate)
2 Months Ago
Director, Asset Liability Management
$197k-249k (estimate)
Full Time | Insurance 2 Months Ago
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Jackson National Life Insurance is Hiring a Remote Director, Asset Liability Management

If you are an internal associate, please login to Workday and apply through Jobs Hub. Job Purpose This Director, ALM assists in the monitoring and risk management of Jackson's asset/liability position. The Director's responsibilities include enhancing the efficiency of Jackson's asset allocation to its liabilities, performing key ALM analysis supporting hedging decisions, accurate compilation of key ALM data to senior management at Jackson as well as improving the accuracy of the financial modeling used within the ALM department. Essential Responsibilities Periodically reviews and analyzes Jackson’s Strategic Asset Allocations backing various liability segments to enhance efficiency between portfolio return and risk exposure. Prepares monthly duration analysis for reporting to the Asset Liability Committee (ALCO). Works with Asset Management and Actuarial teams to periodically assess capital efficient investment activities, including rebalancing between portfolios. Recommends annually to the Investment Committee, Reinvestment Assumptions for various Actuarial liability and capital models. Provides oversight to monthly Actuarial asset modelling process along with recommendations on methodology enhancements. Provides support as required for any ALM analysis that would support hedging decisions, including those related to drivers of capital creation. Assists ALM department in implementing modeling techniques that are designed to improve accuracy and efficiency. Assists in periodic update of Investment policy and ALM policy. Project management of complex cross-functional workstreams with focus on key objectives, building consensus and senior stakeholder management through effective communication. Reviews work product produced by staff and focuses on effective methods of presentation and communication of results. Manages professional staff; responsible for personnel actions including hiring, individual performance and salary reviews, corrective action and terminations. Other Duties Performs other duties and/or projects as assigned. Knowledge, Skills and Abilities Demonstrated sound knowledge of US retirement products, financial risk exposures, ALM techniques and derivatives. Strong knowledge of actuarial principles and methodologies underlying General Account insurance liability valuations. Understanding of the risk and return characteristics of multiple asset classes that support insurance liabilities. Understanding of VA guarantees and Registered Index Linked Annuities’ product design and the key drivers that impact hedge modeling would be desirable. Demonstrated sound knowledge in the design, operation and testing of quantitative analytical models. Demonstrated sound understanding of risk management principles, processes and practice. Strong verbal and written communication skills especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences. Strong business acumen and financial knowledge. Ability to establish and build effective relationships within and outside the organization. Strong analytical and problem-solving skills with the ability to effectively resolve complex problems and issues. Extensive knowledge of computer programming. Highly detail-oriented, with strong organization and multi-tasking skills. Ability to manage, lead, train and develop professional staff. Qualifications Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, or related field of study required. Master's Degree preferred. 8 years relevant Asset Liability Management or Actuarial experience required. Management experience required. Attained either the Fellow of the Society of Actuaries (FSA) designation or Chartered Financial Analyst (CFA) designation or equivalent work experience required. We don't just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our employees, our products and our community. Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments. At Jackson, our employees are empowered to bring a fresh perspective, confront new challenges, and define their own career paths. We value the unique perspectives and innovative ideas that come from our employees' diverse backgrounds. Jackson is the marketing name for Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). Jackson National Asset Management, LLC (JNAM) located in Chicago, Illinois, is an SEC-registered investment adviser and Jackson subsidiary. Annuities are distributed by Jackson National Life Distributors LLC, Member FINRA. Jackson companies offer an outstanding benefits package including competitive pay, bonuses, comprehensive health insurance benefits, a matching 401(k) retirement plan, adoption assistance, education matching gift program and dependent tuition program. Online applications requested. Contact human.resources@jackson.com for alternate formats for accommodation. To learn more about Jackson's financial strength and results, visit jackson.com.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Insurance

SALARY

$197k-249k (estimate)

POST DATE

03/17/2024

EXPIRATION DATE

04/28/2024

WEBSITE

myeliteaccess.com

HEADQUARTERS

DENVER, CO

SIZE

500 - 1,000

FOUNDED

1961

TYPE

Private

CEO

GREG P CICOTTE

REVENUE

$10M - $50M

INDUSTRY

Insurance

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About Jackson National Life Insurance

Jackson National Life Insurance offers annuities for retail investors and fixed income products for institutional investors.

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