CNO Financial Group Managing Actuary Asset Liability Management REMOTE from any US based location in central or eastern time zones in Carmel, Indiana
CNO Financial Group’s Actuarial Department is hiring a Managing Actuary ALM to develop strategies to manage interest rate risk for all company products and to hedge guarantees of the Guaranteed Lifetime Withdrawal Benefit (GLWB) rider attached to the Fixed Index Annuity product.
This is your opportunity to work closely with 40|86 advisors to implement the strategies and with Actuarial Valuation to update and maintain the liability models.
As a Managing Actuary ALM , your responsibilities will include:
Model, test and evaluate strategies to manage interest rate risk and hedge equity market exposures.
Develop and maintain asset models used in Polysystems for strategy development and as used by Actuarial Valuation for Asset Adequacy Analyses.
Work with 40|86 and Valuation to coordinate and implement strategies and models.
Develop and maintain the programs used in the Asset Liability Management (ALM) unit.
Manage actuarial student and recurring responsibilities of the ALM unit assigned to the direct report (Valuation support, EIUL liability hedge data, asset modeling, net investment income allocations).
Develop processes and programs to regularly monitor, evaluate and enhance the strategies.
Develop the asset models to be used in the Asset Liability (AL) modeling.
The Managing Actuary ALM position is well-suited for you if you:
Possess working experience in actuarial modeling systems, specifically Polysystems.
Are experience in ALM including hedging and duration management.
Have investment knowledge including modeling.
Solve challenging technical problems.
Have strong knowledge of life, health and annuity products, especially Fixed Index Annuities.
Are an outstanding communicator in both written and verbal communication.
Hold solid programming skills in Excel/VBA.
Qualified candidates will have:
Bachelor’s degree in Actuarial Science, Mathematics or equivalent.
Certifications/Licenses: Associate of the Society of Actuaries ASA (required), Fellow of the Society of Actuaries FSA (preferred).
Ten years of experience with cashflow testing or project based corporate actuarial work.
Five years of experience specifically with ALM & asset-modeling.
At this time, CNO is not mandating its associates to be vaccinated against COVID-19 as a condition of employment. However, this is an evolving situation, in the future CNO may require its associates to be vaccinated as a condition of employment, subject to reasonable accommodations required by applicable law.
This role is full time work from home (WFH), also known as Remote. This role can be performed from any US based location within the central or eastern time zone. CNO Financial Group offices reopened in April 2022 and is pursuing a hybrid working model. Associates who live within a 60 mile radius of a corporate office (Birmingham, Carmel, Chicago, Philadelphia, Orlando and Milwaukee) will have access to come into that Office up to 2 days/week, and work from home at least 3 days/week. Work cannot be performed from outside of the United States.
CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands and supported by our associates and agents. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and more than $35 billion in total assets. Our 3,400 associates, 8,600 exclusive agents and independent partner agents guide individuals, families and businesses through a lifetime of financial decisions.
We are financially strong and well positioned for continued growth, and we are grounded in our core values of Diversity, Equity & Inclusion (DE&I); Integrity, Customer Focus, Excellence, and Teamwork. We have offices in more than 260 communities in the U.S., including our headquarters in Carmel, Indiana, and corporate offices in Birmingham, Chicago, Philadelphia, Orlando and Milwaukee.
At CNO Financial Group, we’re always looking forward—to the security and stability we help create for our insurance brands’ customers, and the growth we create within our own company. We're looking for ambitious people who want to do more. We'll provide you with opportunities to grow your skills through challenging professional experiences.
If you're looking for a culture that encourages development, helps you reach your potential, and rewards you for your contribution, then CNO Financial Group is right for you. For more information, visit CNOinc.com.
Job Type: Full-Time
Additional Locations: Chicago, IL; Philadelphia, PA; Orlando, FL; Birmingham, AL; Milwaukee, WI