The Asset Liability Management (ALM) and Hedging Actuarial Director will be responsible for developing and executing the hedging strategies and overseeing ALM practices for our Individual Life Insurance and Individual Annuity business. This role requires a deep actuarial background in life and annuity liabilities, combined with a strong understanding of financial markets, risk management, and regulatory environments. As a leader in our Individual Solutions business, this role partners closely with asset management and risk management teams to deliver on our promises to our policyholders and drive financial results for Securian.
Key Responsibilities
ALM Strategy and Execution
Develop and manage comprehensive ALM strategies for individual life and individual annuity business that align with the company’s financial goals, risk tolerances, and regulatory requirements.
Drive ALM decisions and financial results, leveraging actuarial expertise to analyze life insurance and annuity liabilities, understanding their cash flows, embedded options, and potential risks.
Collaborate with investment teams to optimize the asset portfolio, balancing risk and return while ensuring liquidity and solvency.
Support ALM processes, including modeling, forecasting, and stress testing to ensure alignment with corporate risk appetite and regulatory requirements.
Hedging and Risk Management
Collaborate with senior executives to define risk tolerances and investment objectives.
Lead the design and execution of hedging strategies to mitigate financial risks related to various individual products: Indexed Universal Life (IUL), Fixed Indexed Annuities (FIA), Registered Index-Linked Annuities (RILAs), and Variable Annuities (VA)
Regularly review and update hedging strategies to address emerging risks and market conditions.
Reporting and Financial Management
Oversee financial results and ensure compliance with company policies for hedging and ALM strategies
Provide thought leadership on ALM and hedging; monitor market trends, regulatory changes, and economic indicators to inform strategic decisions and adjustments in hedging and asset management practices.
Establish and maintain strong relationships with external partners, including investment banks, counterparties, and regulatory bodies.
Work with a team of actuaries and analysts, fostering a culture of collaboration and continuous improvement.
Qualifications
Bachelor’s degree in finance, economics, actuarial science, or a related field
Professional designation (e.g., FSA, CFA)
Eight years of experience in asset liability management, risk management, or investment management within the insurance or financial services industry.
Strong understanding of life insurance and annuity products, as well as the regulatory environment governing these products.
Proven track record of developing and executing successful ALM and hedging strategies.
Physical job requirements:
Ability to utilize keyboard, mouse and computer for up to 8 hours per day.
Ability to work at least 40 hours per week.
Ability to utilize telephone for up to 8 hours per day.
Ability to perform grasping tasks throughout the entire work day (examples: handwriting, grasping of equipment/machines, paper manipulation, sorting, folding, handling stacks of paper).
The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of jobs.
The estimated base pay range for this job is:
$131,000.00 - $243,000.00
Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a with a member of the Securian Financial Talent Acquisition team.
Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:
Paid time off:
We want you to take time off for what matters most to you. During your first year of hire, you receive a prorated bank of personal days and vacation time depending on your month of hire.
Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.
Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.
Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.
Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:
Mental Wellness and Disability
Pride at Securian Financial
Securian Young Professionals Network
Securian Multicultural Network
Securian Women and Allies Network
Servicemember Associate Resource Group
For more information regarding Securian’s benefits, please review our Benefits page.
This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.
Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at [email protected], by telephone 651-655-5522 (voice), or 711 (Relay/TTY).
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