What are the responsibilities and job description for the Quantitative Analyst position at venerable?
This newly added Quantitative Analyst role will have accountability for contributing to one or more functions in oversight of VA hedge programs, design and develop tools and/or processes to report P&L and attribution with focus on fund basis/tracking error. Principle Responsibilities: Identifies and communicates insights into P&L drivers through in-depth knowledge of derivative instruments, underlying fund performance, positions and interactions with portfolio managers Researches investment style of funds to manage/reduce fund to hedge basket performance slippage (i.e. fund basis) Prepares recurring and ad-hoc presentation decks to management on fund basis results Researches new techniques and build tools to help analyze complex problems related to risk, hedging derivatives and to support special projects Build quantitative/analytical tools to support portfolio management and/or hedge strategy development and/or risk reporting by leveraging financial engineering, capital markets, and product knowledge Participate in various quantitative projects as needed to help support overall Hedging/Risk teams goals and objectives Maintains procedures and process-level documentation on various aspects of the hedge reporting functions Required Qualifications: Minimum of 1 - 3 years of progressive, related professional experience in the insurance or broader financial services industry Experience should be inclusive of exposure to equity and rate derivative instruments. Superior quantitative/analytic reasoning and problem-solving abilities and strong computer programming experience in VBA, Python, Matlab, C …etc Bachelor’s degree in Financial Mathematics (or related field); strong preference toward advanced degree (Master’s or PhD in a Quantitative field) Advanced knowledge of Financial Mathematics with solid understanding of Derivative Pricing Theory, and their applications Ability to work under pressure and in a fast-paced work environment #LI-MB1 Venerable Values: Every position at Venerable has responsibility for living out the company's values as described here: We are Courageous - We think critically, ask "why?" and seek out creative solutions. We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking. We are Connected - We are connected to each other, our customers and our community. Competitive Compensation, Benefits, Current Hybrid Work Schedule and a Generous PTO Package! Introduce Yourself To Our Team Of Recruiters Are you interested in joining the Venerable team but don't see a job posting that aligns with your goals? Introduce yourself to our recruiters for consideration in future positions below. Would you like to be alerted if a new job is posted? Set a custom job alert that aligns with your career aspirations. Click on "Job Alerts" in the top right corner of this screen to get started. Not seeing it? You have to be signed in to your Candidate page. To do this click on "Sign In" in the top right corner of page. Founded in 2018, Venerable owns and manages legacy annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd. Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. We provide innovative risk transfer solutions to companies with variable annuity blocks who seek to rebuild a secure financial future. We will be the answer for companies focused on long term prosperity. Together, we are visionaries. We embrace change, overcome challenges and act like owners. We inspire, support and empower one another. We thrive on trust, decisiveness and transparency. We are committed to dismantling and eliminating systemic racism and invested in ensuring change is constantly evolving. As an organization, Venerable stands by our core values and consistently works to sustain an equitable environment where diverse perspectives and backgrounds are core to ensuring organizational success. Our Equity, Diversity, and Inclusion program involves colleagues from throughout our organization and is focused on five core topics to drive change - Education and Perspective Seeking, Training, Investments, Volunteerism, and Human Resource Practices. We are also proud members of CEO Action for Diversity & Inclusion, participants in supporting events in the communities in which we operate, and contributors to the Society of Black Actuaries and Federation of Iowa Insurers Race and Insurance working group.