Job Information
CNO Financial Group Mng Actuary ALM in Carmel, Indiana
Job Details
The stated pay range is based on a national-average location. Actual salary is determined by factors including relevant work experience, skills and location. This position is bonus eligible.
CNO Financial Group’s Actuarial Department is hiring a Managing Actuary ALM (Asset Liability Management), 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 (Asset Liability Management), 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).
The Managing Actuary ALM (Asset Liability Management), 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 (both written and verbal communication).
Hold solid programming skills in Excel/VBA.
What you’ll need:
Bachelor’s degree in actuarial science, Mathematics or equivalent.
Associate of the Society of Actuaries ASA (required).
Ten years of related work experience.
Experience with cashflow testing or project based corporate actuarial work.
Five years of experience specifically with ALM & asset-modeling.
What will set you apart:
Fellow of the Society of Actuaries FSA (preferred).
Candidate location in Central or Eastern US time zone is preferred OR willingness to work Central or Eastern time zone business hours.
The Company offers the following benefits for this position, subject to applicable eligibility requirements:
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
Click on this link for additional information.
CNO embraces flexibility and encourages you to work where you’re most productive. Associates who live within a 60-mile radius of a corporate office (Carmel or Chicago) have access to come into that office.
Associates who live outside of a 60-mile radius of a corporate office (Carmel or Chicago) may perform this role full-time work from home (WFH) from any US based location, as long as you are willing to work central or eastern time zone hours.
All associates may be asked to travel to varying corporate offices periodically. 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, 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.
We are an equal opportunity employer and value diversity at our company. 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, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Compensation
We are an equal opportunity employer and value diversity at our company. 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, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
ReqID : JR168057
Job Type : Full time