Financial Analyst I, Asset Liability Management

The Jackson National Life Insurance Company; Lansing (MI); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Competitive pay

Bonuses

Comprehensive health insurance

401(k) matching retirement plan

Adoption assistance

Education matching gift program

Dependent tuition program

Job summary

The Jackson National Life Insurance Company in Lansing, MI, seeks a Financial Analyst for its Asset Liability Management (ALM) division. You will monitor and manage the company’s asset/liability position using financial models, hedging strategies, and risk management practices.

Responsibilities include updating models, developing product knowledge, preparing hedging reports, and supporting model development and controls.

Qualifications

• Strong understanding of financial mathematics and modeling.
• Extensive coursework 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 programming (SAS, R, Python).
• Ability to manage multiple priorities with changing deadlines.

Responsibilities

• Updates and maintains financial models and hedging programs.
• Develops knowledge of annuity product designs and capital market instruments.
• Determines modeling implications of new products or hedging changes.
• Prepares periodic hedging reports for ALM management decisions.
• Assists in model development, testing, validation, and implementation of coding changes.
• Supports operating financial controls and model risk management.
• Implements improvements to methods, procedures, and systems.
• Provides research support for other departments and ad hoc analyses.

Skills

Financial modeling

Quantitative analysis

Analytical skills

Written and verbal communication

Attention to detail

Education

Bachelors Degree in finance, actuarial science, economics, mathematics, or related field

Masters or PhD in quantitative field

Tools

SAS

R

Python

MS Excel

MS Word

Job description

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.

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.

At Jackson, our employees are empowered to bring a fresh perspective, confront new challenges, and define their own career paths.

We value the unique perspectives and innovative ideas that come from our employees' diverse backgrounds.

Jackson is the marketing name for Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York (Home Office: Purchase, New York).

Jackson National Asset Management, LLC (JNAM) located in Chicago, Illinois, is an SEC-registered investment adviser and Jackson subsidiary.

Annuities are distributed by Jackson National Life Distributors LLC, Member FINRA.

Jackson companies offer an outstanding benefits package including

• competitive pay
• bonuses
• comprehensive health insurance benefits
• a matching 401(k) retirement plan
• adoption assistance
• education matching gift program
• dependent tuition program