AVP, ALM General Account

AVP, ALM General Account page is loaded## AVP, ALM General Account locations:
Lansing, MItime type:
Full time posted on:
Posted Yesterday job requisition :
REQ-03627
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** Job Purpose**## The Assistant Vice President of ALM-General Account, will oversee the team responsible for managing the General Account Asset Liability Management. The key deliverables include strategic/tactical asset allocation design for new investments and duration management of various portfolios within Jackson in order to maximize risk-adjusted profitability. The AVP will also oversee ALM's responsibilities related to periodic asset rebalancing of the in-force portfolios to enhance capital efficiency.

Additionally, the AVP will be responsible for annual updates to the investment policies and actuarial asset related assumptions.##
** Essential Responsibilities**##
* Designs and implements the medium-term Strategic Asset Allocation (SAA) and short-term Tactical Asset Allocation (TAA) of various portfolios to maximize risk-adjusted profitability. The key objective is to work closely with the asset manager (PPM America) and Actuarial department to support investment decisions that are suitable for the respective liability profiles.
* Designs asset-liability duration and cash-flow matching frameworks that keep interest rate risk and liquidity risks within appetite. Conceptualizes and manages any derivative-based hedging overlay to the fixed income asset-based duration management.
* Develops solutions for periodic asset rebalancing within and between portfolios to generate capital efficient outcomes for Jackson that balance solvency, profitability, market risks, accounting impacts and liquidity.
* As new General Account asset-liability management related work streams are added, work closely with stakeholders in other departments and senior management to obtain buy-in on key proposals.
* Designs and reports monthly profit/loss attribution for products like FIA, RILA and MYGA that show insightful break-down into asset and liability based drivers.
* Supports the quarterly business plan process with asset allocation related inputs and insights.
* Recognizes emerging issues and develops strategies to mitigate future risks and capitalizes on future opportunities.
* Develops and coordinates plans and strategies to implement new enhancements that are designed to improve processes and increase accuracy and efficiency.
* Ensures modeling, reporting practices, processes and controls are best practice and appropriate for risk, audit and/or regulatory scrutiny.
* Educates key stakeholders as needed on the details of Jackson's ALM activities including asset allocation, duration management and the hedging program.
* Participates in the development of corporate financial strategies/analysis.
* Participates in cross-departmental activities to ensure proper use and interpretation of the units’ results/output.
* Directs staff and is accountable for personnel actions including hiring, performance, salary reviews, corrective action and terminations.
* Provides leadership and strategic direction and ensures the ALM department meets and exceeds standards.##
** Other Duties**##
* Participates in industry research/committee work to promote professional development and, where possible, provide value to the company.
* Performs other duties and/or projects as assigned.##
** Knowledge,

Skills and Abilities

**##
* Strong financial knowledge and understanding of the economics and business drivers in the insurance/financial services industry.
* Demonstrated sound knowledge of US retirement products, financial risk exposures, ALM techniques and derivatives.
* Comprehensive understanding of product design and the key drivers that impact Jackson’s liabilities.
* Sound understanding of risk-reward characteristic of various fixed income asset classes suitable for Jackson’s insurance products.
* Sound knowledge and technical skills in the design, operation and testing of financial models.
* Advanced project management, problem solving and analytical skills.
* Excellent oral, written and…