Hedging Director (ALM)
About The Position
The role combines technical expertise with leadership to drive data-informed product decisions and risk management strategies. A core responsibility will include establishing and strengthening all insurance product hedging programs including variable annuities and index options hedging while developing comprehensive performance reporting for key stakeholders. The ideal candidate possesses deep knowledge of life and annuity products, demonstrated expertise in both static and dynamic hedging strategies for indexed and variable insurance products, and exceptional communication skills to influence decision-making across all levels of the organization. Success in this role requires both analytic rigor and the proactive ability to translate complex concepts into clear recommendations.
Requirements
- Bachelor's degree in actuarial science, mathematics, statistics, or equivalent required.
- FSA (Fellow, Society of Actuaries), CFA (Chartered Financial Analyst), CQF (Certificate in Quantitative Finance) designations or equivalent experience required.
- 7-10 years of ALM and/or hedging experience with life or annuity products required.
- Demonstrated ability to drive proactive decisions improving ALM & hedging required.
- Demonstrated ability to influence across departments required.
- Exceptional analytical and problem-solving capabilities with solution implementation experience required.
- Strong communication skills (both written and verbal) with ability to present complex concepts to diverse audiences required.
Nice To Haves
- Advanced knowledge of financial frameworks (GAAP, STAT) and actuarial modeling desired.
- Experience with Prophet desired.
- Ability to build economic models using stochastic processes (both real world and risk neutral) desired.
Responsibilities
- Manage and enhance the Life and Annuity Index Hedging program, including operational components and related product hedges.
- Advocate for actions to be taken by various stakeholders based on ALM (Asset Liability Management) and hedging risks and emerging issues.
- Cultivate a high-performance environment focused on collaboration and continuous improvement.
- Deliver comprehensive reporting to stakeholders on key ALM and hedging metrics.
- Lead the discussion around renewal rate strategy impact on ALM strategy.
Benefits
- 401(k) Retirement Plan with company match and quarterly contribution
- Tuition Reimbursement and Assistance
- Incentive Program Bonuses
- Competitive Pay
- Flexible Hybrid work
- Thrive Days - Personal time off
- Paid time off (PTO)
- Health Benefits: Medical, Dental, Vision
- Health Savings Account (HSA) with employer contribution
- Well-being programs with financial rewards
- Employee assistance program (EAP)
- Professional development programs
- Leadership development programs
- Employee resource groups
- StrengthsFinder Program
- Matching donations program
- Paid volunteer time- 8 hours per month
- Generous paid maternity leave and paternity leave
- Fertility, surrogacy and adoption assistance
- Backup child, elder and pet care support
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Insurance Carriers and Related Activities
Number of Employees
1,001-5,000 employees
