Director, Insurance ALM & Asset Allocation

Axonic Insurance Services LLC; New York (NY); Sur place; USD 180 000 - 240 000; Plein temps

Résumé du poste

Axonic Insurance seeks a Director, Insurance ALM & Asset Allocation to lead ALM analytics for the fixed annuity portfolio and steer strategic and tactical asset allocation to optimize liability-driven results. You will partner with investment, actuarial, product, and finance teams to support capital, liquidity, and risk analytics, presenting recommendations to senior leadership.

This hands-on role offers broad responsibility, direct exposure to senior leaders, and influence on portfolio

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Actuarial Science, Engineering, or a related quantitative field.
• Approximately 5-10+ years of relevant experience in insurance investment management or ALM.
• Strong understanding of fixed income and ALM concepts with portfolio optimization experience.
• Experience with strategic/tactical asset allocation and capital/liquidity considerations.
• Advanced Excel and financial modeling; familiarity with Bloomberg, Python, SQL, or similar tools is a plus.
• CFA designation or progress toward CFA or actuarial credentials is a plus.

Responsabilités

• Own ALM analytics for fixed annuity liabilities, including duration and convexity matching.
• Develop and evaluate liability scenarios and translate results into portfolio actions.
• Coordinate with actuarial partners on cash flows, assumptions, and reporting.
• Lead strategic asset allocation and manage governance materials and implementation.
• Perform tactical asset allocation and risk/return analysis across asset classes.
• Build tools for portfolio construction, optimization, and decision support.
• Evaluate new asset classes and investment programs for portfolio fit.
• Collaborate with investment teams across public and private fixed income assets.

Connaissances

Analytical skills

Written and verbal communication

Ownership / self-starter

Formation

Bachelor's degree in Finance or related field

Outils

Bloomberg

Python

SQL

Excel

Description du poste

Axonic Insurance is seeking a Director, Insurance ALM & Asset Allocation to join the Insurance Investment Management team. This role will be responsible for asset-liability management and asset allocation for AXI's annuity general account, with a focus on liability-driven portfolio positioning, strategic and tactical asset allocation, and portfolio optimization.

The position will also support capital, liquidity, and stress analytics and will work closely with investment, actuarial, product, finance, and other business partners. This is a hands-on role within a growing platform, offering significant responsibility and exposure to senior leadership and investment decision-making.

The title and level will be determined based on the experience and qualifications of the selected candidate.

Key Responsibilities

Asset-Liability Management

• Own ALM analytics for fixed annuity liabilities, including duration and key-rate duration matching, convexity, cash flow gap analysis, reinvestment risk, and disintermediation risk.
• Develop and evaluate liability and interest rate scenarios, including rate shocks, lapse and surrender sensitivities, and other stresses, and translate results into portfolio positioning recommendations.
• Coordinate with internal and external actuarial partners on liability cash flows, assumptions, modeling, and recurring ALM reporting.
• Partner with Product and other stakeholders on crediting rate strategy, spread management, new-money rates, and investment considerations supporting product pricing.
• Lead and support the strategic asset allocation process, including risk/return assumptions, asset class targets, portfolio optimization, governance materials, and implementation.
• Perform tactical asset allocation and relative value analysis, incorporating yield, duration, credit quality, liquidity, capital requirements, and other portfolio considerations.
• Build and maintain portfolio construction, optimization, and analytical tools to support investment decision-making.
• Evaluate new asset classes, investment programs, and transactions for portfolio fit, expected return, capital efficiency, liquidity, and ALM considerations.
• Partner with investment teams across public and private fixed income, including structured credit, mortgage loans, and asset-based lending.

Capital, Liquidity & Risk

• Monitor and analyze portfolio liquidity, investable cash, contingent funding capacity, and liquidity stress scenarios.
• Support NAIC RBC and AM Best BCAR analysis and evaluate the impact of regulatory capital requirements on investment and allocation decisions.
• Incorporate capital efficiency, liquidity, and risk considerations into portfolio and transaction recommendations.

Investment Governance & Reporting

• Prepare portfolio positioning, capital markets, and investment analysis for senior leadership and other stakeholders.
• Support investment policy, guideline compliance, statutory reporting, rating agency, regulatory, and reinsurance-related initiatives as needed.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Actuarial Science, Engineering, or a related quantitative field.
• Approximately 5-10+ years of relevant experience, with level determined based on the depth and scope of experience.
• Experience in insurance investment management, insurance ALM, portfolio management, insurance asset management, or a closely related field.
• Direct experience with an insurance general account, preferably within a life or annuity platform, strongly preferred.
• Strong understanding of fixed income portfolio management and ALM concepts, including duration, convexity, cash flow matching, scenario analysis, and portfolio optimization.
• Experience with strategic and/or tactical asset allocation for spread-based insurance liabilities strongly preferred.
• Experience with structured products such as RMBS, CMBS, ABS, or CLOs preferred.
• Familiarity with insurance capital frameworks, including NAIC RBC and/or AM Best BCAR, preferred.
• Annuity product knowledge and experience with derivatives or hedging strategies are a plus.
• Advanced Excel and financial modeling skills required; experience with Bloomberg, Clearwater, FactSet, Python, SQL, VBA, or similar analytical tools is a plus.
• Strong analytical, written, and verbal communication skills, with the ability to translate complex investment analysis into clear recommendations.
• Ability to take ownership of workstreams and operate effectively in a lean, fast-growing environment with significant senior leadership exposure.
• CFA designation or progress toward the CFA, actuarial credentials, or an advanced degree is a plus.