AVP, ALM General Account: Strategic Asset Allocation Lead

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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 workstreams 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 presentation skills especially when articulating complex technical concepts and proposals for senior management decision making.
• Highly detail-oriented, with strong organization and multi-tasking skills.
• Demonstrated sound understanding of risk management principles, processes and practice.
• Demonstrated ability to develop and implement process enhancements including technology and performance.
• Strong leadership capabilities applied within team settings and with individual contributors.
• Strategic perspective which sees the big picture and broader implications of actions and decisions.
• Ability to build effective relationships with all levels of management and associates.
• Ability to successfully lead a team through transformation.

Qualifications

• Bachelor's Degree Actuarial Science, Mathematics, Statistics, Economics, Computer Science, Engineering, or related field of study required.
• Master's Degree MBA, CFA or advanced degree preferred.
• 10+ years of relevant ALM or Actuarial experience required.
• Asset allocation and duration management experience preferred.

Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments. #J-18808-Ljbffr