Financial Analyst I, Asset Liability Management

Posted:
8/30/2024, 6:12:43 AM

Location(s):
Michigan, United States ⋅ Lansing, Michigan, United States

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
Finance & Banking

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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 exposure to the market using financial models and manages that exposure through hedging and other risk management actions. The Financial Analyst will assist in the monitoring and risk management of Jackson's asset/liability position.

Essential Responsibilities

  • Updates and maintains financial models and hedging programs.
  • Develops in-depth knowledge of annuity product designs and optional benefit features as well as capital market instruments (options, swaps, futures, etc.) and hedging concepts.
  • Determines modeling ramifications of Jackson’s new product offerings or changes to hedging strategies.
  • Prepares periodic hedging reports for use in decision making by ALM management.
  • Assists in the model development process, including testing, validation, and implementation of new coding changes.
  • Assists in the operation of financial controls and model risk management.
  • Develops improvements to methods, procedures, and systems.

Other Duties

  • Provides research support for other departments’ information requests.
  • Performs ad hoc project analyses.
  • Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities

  • Strong understanding of financial mathematics and modeling.
  • Extensive coursework and knowledge in statistics, math, economics, finance, or actuarial science.
  • Practical knowledge of financial instruments/derivatives preferred.
  • Strong quantitative and analytical skills.
  • Strong problem-solving skills and attention to detail.
  • Effective written and verbal communication skills.
  • Proficiency with MS Excel and Word.
  • Knowledge and experience with computer programming, especially in SAS, R, or Python.
  • Ability to handle multiple priorities in a timely and accurate manner and adapt to changing priorities as needed.

Qualifications

  • Bachelor's Degree in finance, actuarial science, economics, mathematics, or related field of study is required.

  • Advanced degree (Master’s or PhD) in quantitative field preferred.

  • In lieu of meeting the education requirements, candidates with strong quantitative experience in the fields mentioned above may also be considered .

We don't just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our employees, our products and our community. Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.