Hedging Analyst

Aspida Holdings Ltd.; Durham (NC); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Long-Term Incentive Plan

Full Benefits Package

Full-Time

Full Benefits Package Available

Job summary

A nimble insurance carrier in North Carolina seeks a motivated professional to join their hedging team. This high-impact role involves market risk management, model building, and automation of hedging processes. Ideal candidates will possess a strong analytical mindset, programming skills in SQL or Python, and a bachelor's degree in a related field. The company offers competitive salary, benefits, and a focus on innovative solutions in the insurance sector.

Qualifications

• Bachelor's degree required; Master's degree is a plus.
• 2-3 years of professional experience preferred; strong internships may be sufficient.
• Experience with programming languages such as SQL, R, or Python.
• Strong analytical and problem-solving skills.
• Excellent verbal and written communication and presentation skills.
• Ability to work cross-functionally across business units.

Responsibilities

• Develop and enhance hedge solutions focused on equity derivatives.
• Analyze market data and trends for risk mitigation.
• Collaborate with teams on financial risk management.
• Apply AI and automation to hedge operations and efficiency.
• Back-test and validate strategies used by pricing and valuation teams.
• Collaborate with teams to explore new approaches to financial risk.
• Understand the annuity business and hedging's role in long-term stability.

Skills

Analytical skills

Problem-solving skills

SQL

Python

R

Communication skills

Education

Bachelor's degree in Mathematics, Statistics, Finance, Economics or related field

Master's degree

Job description

Description

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.

Who We Are

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For

We’re seeking a motivated professional to join our hedging team and help drive market risk management across the company. This is a high-impact early career role where you will work alongside our team of actuaries, quants, and developers to build and refine models, analyze market risks, and contribute to the automation of the hedging process. Ideal candidates are technically strong, curious, and eager to learn. This role reports to the Hedging Leader and is required to be onsite at our Durham office 3 days a week.

What You Will Do

• Develop and enhance hedge solutions focused on equity derivatives, with opportunities to expand into other asset classes.
• Enhance reporting frameworks to further improve hedge processing across Aspida’s growing business.
• Analyze market data, trends, and market dynamics to inform risk mitigation strategies.
• Apply AI and automation to streamline hedging operations and improve efficiency.
• Support back-testing and validation of strategies used by pricing and valuation teams.
• Collaborate with teams to explore innovative approaches to managing financial risk.
• Gain a deep understanding of the annuity business and how hedging supports long-term financial stability.

What We Provide

• Salaried, DOE
• Long-Term Incentive Plan
• Full-Time
• Full Benefits Package Available

What We Believe

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

Requirements

• Bachelor’s degree in Mathematics, Statistics, Finance, Economics or other related field. A Master’s degree is a plus.
• Experience with programming languages such as SQL, R, Python, or other programming languages
• 2-3 years of professional experience preferred; recent graduates with strong internship or project experience are encouraged to apply.
• Strong analytical and problem-solving skills
• Excellent verbal and written communication and presentation skills
• Ability to work effectively with cross-functional teams across different business units