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| |  Posted 3/27/2007 11:19:00 AM | |
| Supreme Being
Group: Administrators
Last Login: 1/29/2007 9:04:03 AM
Posts: 4,199, Visits: 95 |
| Position: Director
Company:Insurance Organization
Location: New Jersey
Job ID: 8862
RESPONSIBILITIES:
- Develop a global strategy related to the risk management of variable annuities, both domestically and internationally.
- Monitor associated changing risks.
- Establish, document and communicate a set of guiding principles for assumptions, and acceptable limits.
- Oversight of line of business activity (i.e., Investment Department, International, etc.).
- Resolve discrepancies.
- Recommend appropriate actions.
- Manage company’s variable annuity hedging program. In each product area, articulate the investment portfolio strategy, particularly as interest rates rise and deepen the understanding of new and existing hedging programs and their costs.
- Continue to establish and maintain relationships with investment banks on hedging and non-traditional reinsurance for variable annuities.
- Employ methodologies as appropriate.
- Develop key metrics and monitor Program performance through monthly reporting.
- Influence spread management and support monthly analytics.
- Raise issues to senior executive management where appropriate.
- Prepare statutory capital requests related to the implementation of the hedging strategy for internal and external review and use.
- Prepare and deliver presentations about the Program (program introduction, objectives, status reports, etc.) to key internal and external constituents (Executive Group, Board of Directors, rating agencies, state insurance departments, stock analysts).
QUALIFICATIONS:
- Fellow of Society of Actuaries designation required. CFA designation is preferred.
- Exceptional managerial and organizational ability -- the candidate must be able to work effectively across organizational boundaries.
- Excellent communication skills – the candidate must be able to explain complex concepts to a wide variety of internal and external constituents.
- Extensive modeling background in stochastic-on-stochastic analysis.
- Extensive capital markets experience with valuation of derivatives.
- Working knowledge of all VA product guarantees, including GMDB, GMWB, BMAB and GMIB forms.
- Demonstrate a working knowledge of requirements of qualified hedges for US Statutory RBC C3 Phase II.
- Prior experience with MGHedge and/or Leading Hedge is preferred.
- Knowledge of Visual Basic and/or C++ preferred.
- International travel to Europe and Asia will be required (estimated 5-10%).
Online Application available at www.jobs4actuary.com
For further information, email info@nasearchg.com and mention Position #8862, or contact any of our recruiters at (905)-477-2962. |
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