Sr. Director, Actuary - ALM - REMOTE

Senior Managing Actuary, ALM - REMOTE at CNO Financial Group

Salary Range
: $170,200 - $255,200 Annual

Job Details
This position is bonus eligible. You will be responsible for the company’s asset-liability management activities, including development and implementation of strategies to manage interest rate risk and hedge market risks embedded in the products. You will support finance in ALM and capital management activities, allocation of net investment income and financial analyses. You also support actuarial valuation in the development of asset models used in asset adequacy analyses and investment and other market related assumptions required in valuation.

Responsibilities

• Managing the company’s asset liability management (ALM) risks in coordination with Actuarial and Finance.
• Developing and maintaining programs for measuring liability duration and hedging the Fixed Indexed Annuity and Indexed Universal Life products.
• Supporting Actuarial Valuation for investment related needs, including asset models for cash flow testing and market related assumptions used in reserving.
• Supporting Finance with program to allocate Net Investment Income and related analyses.
• Supporting corporate initiatives including M&A and reinsurance.
• Engaging with the Investment and ALM Committee and the Investment Committee of the Board of Directors as directed by the Chief Investment Officer.
• Managing 1-2 direct reports in the completion of their assigned duties.

Qualifications

• Highly proficient in ALM, including hedging and duration management.
• Strong investment knowledge, including modeling.
• Excellent communication skills.
• Ability to solve challenging technical problems.
• Knowledge of life, health, and/or annuity products.
• Proficient with Actuarial modeling systems, including Poly, Excel, VBA and/or Bond Edge.
• Associate of the Society of Actuaries (ASA).

What you’ll need

• Bachelor’s degree in Actuarial Science, Mathematics, or a related field.
• Associate of the Society of Actuaries (ASA).
• 10 years of relevant actuarial experience.

What will set you apart

• Fellow of the Society of Actuaries (FSA), Finance and Investment Track.
• 5 or more years of ALM experience.
• Willingness to work Central or Eastern time zone business hours.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• 401(k) retirement plan with company match
• Short-term & long-term disability insurance
• Paid time-off and corporate holidays
• Paid parental leave
• Company paid life insurance

Work location
This role is remote. Associates who live within a 60-mile radius of a corporate office (Birmingham, Carmel, Chicago, Orlando, and Milwaukee) have the option to work from that office. Associates outside this radius may work from any U.S. location, provided they are willing to work Central or Eastern time zone hours. Travel to corporate offices may be required periodically. Work cannot be performed from outside the United States.

EEO statement
We are an equal opportunity employer and value diversity. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits.

ReqID
: JR169597
Job Type
:
Full time

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Insurance