Jackson National Life Insurance Company - Lansing, MI
posted about 2 months ago
The Asset Liability Management (ALM) department at Jackson National Life Insurance Company plays a crucial role in safeguarding the company's capital and ensuring its ability to meet the guaranteed payouts to customers. The Financial Analyst I position is integral to this mission, as it involves regular monitoring of Jackson's exposure to market fluctuations and managing that exposure through various risk management strategies, including hedging. The analyst will be responsible for updating and maintaining financial models and hedging programs, which are essential for effective decision-making within the ALM department. In this role, the Financial Analyst will develop a comprehensive understanding of annuity product designs and optional benefit features, as well as capital market instruments such as options, swaps, and futures. This knowledge will enable the analyst to assess the modeling implications of new product offerings or modifications to existing hedging strategies. The position also requires the preparation of periodic hedging reports that will inform ALM management's decisions. Additionally, the analyst will assist in the model development process, which includes testing, validating, and implementing new coding changes, thereby contributing to the overall efficiency and effectiveness of financial controls and model risk management. The role is dynamic and may involve providing research support for other departments, performing ad hoc project analyses, and undertaking various other duties as assigned. The Financial Analyst I will need to demonstrate strong quantitative and analytical skills, as well as effective communication abilities, to thrive in this fast-paced environment.