Financial Analyst I, Asset Liability Management

Jackson • Lansing, MI

8d

About The Position

The Financial Analyst will assist Jackson's Asset Liability Management (ALM) department in monitoring and managing the company's asset/liability position. ALM works to protect Jackson's capital and its ability to cover payouts guaranteed to customers by monitoring market exposure through financial models and managing that exposure through hedging and other risk management actions.

The role maintains financial models and hedging programs, develops knowledge of annuity products and capital market instruments, and assesses modeling impacts of new products and changes to hedging strategies. It also supports model development, financial controls, model risk management, and periodic reporting for ALM management. Additional work includes research support for other departments and ad hoc project analyses.

Requirements

• Bachelor's degree in finance, actuarial science, economics, mathematics, or a related field; strong quantitative experience in these fields may be considered in lieu of the education requirements.
• Strong understanding of financial mathematics and modeling.
• Extensive coursework and knowledge in statistics, mathematics, economics, finance, or actuarial science.
• Strong quantitative and analytical skills.
• Strong problem-solving skills and attention to detail.
• Effective written and verbal communication skills.
• Proficiency with Microsoft Excel and Word.
• Knowledge and experience with computer programming, especially SAS, R, or Python.
• Ability to manage multiple priorities accurately and promptly and adapt to changing priorities.

Nice To Haves

• Practical knowledge of financial instruments and derivatives.
• Advanced degree (Master’s or PhD) in a quantitative field.

Responsibilities

• Update and maintain financial models and hedging programs.
• Develop in-depth knowledge of annuity product designs, optional benefit features, capital market instruments, and hedging concepts.
• Determine modeling ramifications of new product offerings or changes to hedging strategies.
• Prepare periodic hedging reports for ALM management decision-making.
• Assist with model development, including testing, validation, and implementation of new coding changes.
• Assist with financial controls and model risk management.
• Develop improvements to methods, procedures, and systems.
• Provide research support for other departments’ information requests.
• Perform ad hoc project analyses and other assigned duties or projects.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level