Senior Managing Actuary, ALM - REMOTE

Cno Services • Carmel, IN

96d • $170,200 - $255,200 • Remote

About The Position

CNO Financial Group is hiring a Senior Managing Actuary - ALM to work with 40|86, Actuarial and Finance to be responsible for the company's asset-liability management activities. These include the development and implementation of strategies to manage interest rate risk and hedge market risks embedded in the products. They support finance in ALM activities and capital management activities, including the allocation of net investment income and financial analyses. This role also supports Actuarial Valuation in the development of asset models used in Asset Adequacy Analyses and investment and other market related assumptions required in valuation. This is your opportunity to work closely with 40|86 on duration management, hedging and as a resource for actuarial matters.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, or a related field or 8 years of relevant experience as equivalent Associate of the Society of Actuaries (ASA).
• 10 years of relevant actuarial experience.

Nice To Haves

• Fellow of the Society of Actuaries (FSA), Finance and Investment Track.
• 5 or more years of ALM experience.
• Willingness to work Central or Eastern time zone business hours.

Responsibilities

• Managing the company's asset liability management (ALM) risks in coordination with 40|86, Actuarial and Finance.
• Developing and maintaining programs required for managing A-L risk, including programs for measuring liability duration and hedging the Fixed Indexed Annuity and Indexed Universal Life products.
• Supporting Actuarial Valuation for investment related needs, including the development and maintenance of asset models for cash flow testing and the development of investment and market related assumptions used in reserving.
• Supporting Finance with the development and maintenance of program to allocate Net Investment Income and related analyses.
• Supporting corporate initiatives including M&A and reinsurance.
• Engaging with the Investment and ALM Committee and the Investment Committee of the Board of Directors as directed by the Chief Investment Officer.
• Managing 1-2 direct reports in the completion of their assigned duties.

Benefits

• medical insurance
• dental insurance
• vision insurance
• 401(k) retirement plan with company match
• short-term & long-term disability insurance
• Paid time-off and corporate holidays
• paid parental leave
• company paid life insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Professional, Scientific, and Technical Services
• Education Level: Bachelor's degree