Financial Analyst I, Asset Liability Management

Jackson National Life Insurance Company - Lansing, MI

Full-time - Entry Level

Lansing, MI

Insurance Carriers and Related Activities

About the position

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.

Responsibilities

• Updates and maintains financial models and hedging programs.
• Develops in-depth knowledge of annuity product designs and optional benefit features.
• 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.
• Provides research support for other departments' information requests.
• Performs ad hoc project analyses.
• Performs other duties and/or projects as assigned.

Requirements

• 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.
• 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.

Nice-to-haves

• Experience with financial modeling software.
• Familiarity with risk management frameworks.
• Knowledge of regulatory requirements in the insurance industry.