Actuarial & Pension Strategies Manager

NISA Investment Advisors, LLC; St. Louis (MO); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Paid time off

Retirement plan

Onsite cafeteria

Fitness center

Wellness program

Educational assistance

Job summary

NISA Investment Advisors, LLC seeks an Actuarial & Pension Strategies Manager to serve as the subject-matter expert on benefit plan liabilities. You will collaborate across teams, analyze cash flows, and design investment strategies with programming support. The role emphasizes quantitative rigor and clear client communication.

Based in St. Louis, this senior position requires experience with pension funding, LDI, and DB valuations, plus strong Excel and programming skills.

Qualifications

• Bachelor’s degree in a quantitative field preferred.
• ASA or FSA CFA and/or EA a plus.
• 6+ years actuarial/LDI experience with defined benefit pension plans required.
• Familiarity with PPA, ASC 715, GASB 67/68, and defined benefit plan funding required.
• Experience with defined benefit valuations, LDI asset management, and/or investment consulting preferred.
• Strong proficiency in Excel and at least one programming or analytical language (e.g., Python, MATLAB).
• Strong interest in financial markets / economics.

Responsibilities

• Support ongoing portfolio management of custom liability-focused programs within NISA's Strategic Portfolio Management group.
• Partner with Liability Review team and clients/actuaries to analyze liability cash flows, rate sensitivity, and market exposures.
• Lead actuarial analysis, asset-liability risk assessment, investment strategy design, programming, and Monte Carlo simulation for large institutional investors.
• Communicate complex analysis clearly to clients and internal teams via reports and presentations.

Skills

Analytical skills

Excel

Programming languages

Financial markets interest

Education

Quantitative degree

Tools

Excel

Python

MATLAB

Job description

Overview

NISA Investment Advisors, LLC (NISA) partners with world-leading organizations to design, develop, and manage highly customized, risk-controlled investment strategies across fixed income, equities, and derivatives. With $483 billion assets under management ($299 billion in physical assets and $184 billion in derivatives notional value), NISA actively manages risk for institutional investors, providing clarity to complicated challenges and stability in ever-evolving markets. At NISA, we foster a culture that supports both personal and professional growth, providing opportunities to learn from experienced professionals while contributing meaningful work from the outset. We seek candidates who demonstrate strong quantitative and analytical skills, intellectual curiosity, and a collaborative mindset to join our growing teams.

Responsibilities

The Actuarial & Pension Strategies Manager serves as the Investment Strategies team's subject matter expert on benefit plan liabilities, bringing deep knowledge of the regulatory, funding, accounting, and actuarial landscape. Working in a collaborative, fast-paced environment, this person will:

• Support ongoing portfolio management of custom liability-focused programs within NISA's Strategic Portfolio Management group
• Partner with NISA's Liability Review team and with clients and their actuaries to analyze liability cash flows, interest rate sensitivity, and other market exposures, including the effects of unique benefit features
• Lead projects involving actuarial analysis, asset-liability risk assessment, investment strategy design, programming, and Monte Carlo simulation for some of the world's largest institutional investors
• Communicate complex analysis clearly to clients and internal teams through reports and presentations

Qualifications

• Bachelor’s degree in a field requiring strong analytical and quantitative skills (e.g. Mathematics, Engineering, Computer Science, Actuarial Science, Statistics, Finance, or Financial Engineering) is preferred
• ASA or FSA strongly CFA and/or EA a plus
• 6+ years of actuarial/LDI experience, particularly with defined benefit pension plans, required
• Familiarity with PPA, ASC 715, GASB 67/68, and defined benefit plan funding is required
• Experience with defined benefit valuations, LDI asset management, and/or investment consulting preferred
• Strong proficiency in Excel and at least one programming or analytical language (e.g., Python, MATLAB)
• Strong interest in financial markets / economics

NISA’s culture encourages collaboration and innovation. We seek self-motivated, intellectually curious individuals willing to push themselves and others in an environment that celebrates fresh thinking. We equip employees with the resources needed to excel and we encourage personal development. NISA is dedicated to internally cultivating and rewarding talent. Employees at NISA are provided with a wide range of benefits, including health, dental, vision and life insurance options, paid time off, a competitive retirement plan, onsite cafeteria, fitness center, a health and wellness program and an educational assistance program.

NISA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.