AVP and Actuary, ALM

About the role

Works with the Actuarial, Risk, and Investment teams to develop strategies for optimizing the asset liability management (ALM) position of the company and affiliates
Manages the ALM and liquidity risk profile of the companies
Oversee quarterly asset model builds in AXIS for use in quarterly actuarial projections for the company and affiliates

What you'll do

• Develop ALM methodology memos, change memos, management presentations on topics as needed
• Liaise with Investment team to produce and provide investment or reinvestment strategies to other areas (e.g. business plan, embedded value, cash flow testing, stress testing, etc.)
• Build and maintain innovative tools to assist in result analysis
• Aid in the development of optimization macros, alternative strategies, and recommend methods to improve hedging and ALM efficiencies
• Develop, manage, and maintain controls over ALM systems (e.g. AXIS models)
• Provide Investment compliance reporting to third parties (e.g. reinsurers)
• Measure, monitor, and report on ALM results to ensure compliance with guidelines and limits – develop remediation plans as needed
• Maintain hedge position and results to ensure process is robust, effective, and in compliance with policies
• For each monthly, quarterly, and annual reporting period, review and challenge the investment data received. Review all data for accuracy while also gaining an understanding of underlying drivers of investment results and communicate to senior management
• Provide investment-related assumption and cash flow reliance statements for Appointed Actuary

Qualifications

• Experience
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related fields
• FSA, MAAA, with equivalent experience preferred
• 10+ years of life insurance experience preferred with range of experience in actuarial fields such as product management, valuation, modeling, financial reporting, and systems
• Skills/Competencies
• Deep understanding and up-to-date knowledge of ALM techniques and Capital Management strategies
• Critical thinking and sound judgement
• Excellent written and oral communication skills
• Demonstrated ability to work effectively with and lead cross-functional teams
• Self-starter and strong entrepreneurial spirit
• Demonstrated ability to deliver results under pressure in a tight timeframe