Jackson

ALM Lead

Jackson • $90K — $120K *
Lansing, MI 48911In-Person
Finance & Insurance
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in finance, actuarial science, economics, mathematics, or related field required.
  • Master's Degree or PhD or professional certifications (e.g. CFA, ASA/FSA) preferred.
  • 5+ years experience in a similar role performing complex statistical, economic, or financial analysis required.
  • 5+ years of significant ALFA (or similar actuarial software) modeling experience preferred.
  • Experience with economic reserve & capital frameworks preferred.
  • Database experience preferred.

Responsibilities

  • Perform critical analyses that support asset/liability management decisions such as hedging and asset allocation.
  • Independently build and enhance complex financial models related to variable annuity guarantees and derivatives.
  • Assist in implementing techniques that improve model design, accuracy, and process efficiency.
  • Prepare weekly and monthly analyses for ALM decision making and reporting to ALCO.
  • Create technical papers and presentations for senior management decisions.
  • Support project management of cross-functional projects involving Actuarial and Finance.
  • Review work of less experienced analysts and provide necessary training.

Benefits

  • Opportunities for professional development and certifications.
  • Collaborative cross-functional teamwork environment.
  • Engagement with senior management on high-impact decisions.
  • A role in improving the efficiency and accuracy of risk management processes.
Full Job Description
If you are an internal associate, please login to Workday and apply through Jobs Hub.

Job Purpose

The Asset Liability Management (ALM) department works to protect Jackson's capital and its ability to cover the payouts guaranteed to its customers. To accomplish this goal, the ALM department regularly monitors Jackson's risk exposure using financial models and manages that exposure through hedging and other risk management actions. The ALM Lead has technical expertise to perform highly complex analyses that support and improve the monitoring and risk management of Jackson's asset/liability position. In addition, the ALM Lead will be responsible for improving the efficiency and accuracy of the ALM Department's financial models and their underlying processes.

Essential Responsibilities

  • Responsible for performing critical analyses that support asset/liability management decisions such as hedging, asset allocation etc.
  • Independently builds and enhances complex financial models related to areas such as variable annuity guarantees, fixed index annuity guarantees, derivatives and fixed income assets.
  • Assists ALM department in implementing techniques that improve model design, output accuracy, and process efficiency.
  • Prepares weekly and monthly analyses for use in decision making by the ALM department or reporting to the Asset Liability Committee (ALCO).
  • Prepares technical papers and presentations to support senior management decisions.
  • Anchors or supports project management of key cross functional projects involving other functions such as Actuarial, Investment Management, Information Technology and Finance.
  • Utilizes in-depth knowledge of annuity product designs and optional benefit features as well as capital market instruments (options, swaps, futures, etc.) and hedging concepts.
  • Reviews work product of less experienced analysts and provides training, as necessary.


Other Duties

  • Provides support for other departments' information requests.
  • Performs other duties and/or projects as assigned.


Knowledge, Skills and Abilities

  • Excellent understanding of financial mathematics and modeling.
  • Strong knowledge of actuarial principles and methodologies underlying insurance liability valuations.
  • Strong knowledge of financial instruments/derivatives.
  • Strong analytical and problem-solving skills with the ability to effectively resolve complex problems and issues.
  • Ability to handle multiple priorities in a timely and accurate manner and adapt to changing priorities as needed.
  • Strong verbal and written communication skills especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.
  • Ability to establish and build effective relationships within and outside the organization.
  • Proficiency with computer programming languages, MS Excel and MS Word.


Qualifications
  • Bachelor's Degree in finance, actuarial science, economics, mathematics, or related field of study required.
  • Master's Degree or PhD or professional certifications (e.g. CFA, ASA/FSA) preferred.
  • 5+ years experience in a similar role performing complex statistical, economic, or financial analysis required.
  • 5+ years of significant ALFA (or similar actuarial software) modeling experience preferred.
  • Experience with economic reserve & capital frameworks preferred.
  • Database experience preferred.


About Jackson

Jackson Careers

Join the vibrant team at Jackson, a leader in industry innovation and growth. At Jackson, we offer more than just job opportunities; we provide a platform for professional development and leadership in a diverse and inclusive environment.

Work You’ll Do

At Jackson, you’ll be part of a dynamic team committed to excellence and innovation. Our company is at the forefront of industry leadership, providing a wealth of opportunities for career advancement and professional growth. Whether you’re looking for a full-time position or an internship, Jackson is the place where your skills will be honed, and your professional aspirations realized.

Explore Jackson’s Employment Opportunities

We are constantly expanding our team with talented individuals who are eager to drive innovation and lead in their respective fields. Our hiring process is designed to identify and nurture such talent, ensuring that every team member is equipped to contribute effectively. From your initial interview to your ongoing career development, Jackson supports you at every step.

Internship Programs

Kickstart your career with a Jackson internship. Gain invaluable industry experience, develop your skills, and build a professional network that will serve you throughout your career. Our internships offer a unique insight into our company culture and operations, setting the stage for future employment opportunities.

Benefits and Culture

At Jackson, we believe that our team is our greatest asset. We are committed to providing comprehensive benefits that promote health, well-being, and work-life balance. Our culture is built on a foundation of respect, diversity, and inclusion, ensuring that all team members feel valued and inspired.

Professional Growth and Development

We are dedicated to the continuous professional development of our employees. Jackson offers diverse training programs, including leadership development and diversity training, to help you grow at every stage of your career. Our commitment to your growth is matched by our commitment to innovation and excellence in everything we do.

Join Our Team

Search open positions that match your skills and interests on the Jackson Jobs portal. We look for passionate, curious, creative, and solution-driven team players. Ready to take the next step in your career? Explore the exciting and rewarding opportunities at Jackson today.

Stay Connected

Keep up to date with the latest career tips, insider perspectives, and industry-leading insights—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences.

Networking and Career Advancement

At Jackson, networking is at the heart of professional and personal advancement. Engage with leaders and peers within the company through various platforms and events. These interactions provide valuable insights and opportunities that can propel your career forward. Join Jackson, where your career is our priority, and your potential is our investment. Let’s innovate and lead together in this dynamic industry.
Learn more about Jackson
Market Cap
$2.8 billion
Industry
Finance & Insurance
5 Year Trend
+12.1%
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Jackson

More Finance & Insurance Jobs

Find similar ALM Lead jobs:

NationwideLansing, MI