• Job Description

  Req#: ASSOC001820

  NOTE: This position may be filled at an alternate level depending upon experience

  Job Summary

  Join a team that is creative, efficient, thorough and fun. Nassau offers an enthusiastic environment where individuals take ownership and pride in their work. We focus on core actuarial expertise to empower dynamic and creative solutions. The primary responsibility of this position is to lead the actuarial asset modeling function and perform ALM analysis to manage the business’s market risk profile.

  Principal Duties and Responsibilities

  • Execute the quarterly asset modeling process to support the calculation of principles-based reserves, quarterly projections, Financial Plan, ALM, cash flow testing, and Economic Capital
  • Analyze, explain and attribute changes in asset data and projections quarter-to-quarter
  • Build and manage asset modeling tools in R and Excel
  • Provide asset modeling support in MG-ALFA and PolySystems
  • Monitor assets at the portfolio level and ensure appropriate and sufficient assets are allocated, considering liability and regulatory constraints
  • Build out modeling approaches and assumptions for new asset classes
  • Generate real world and risk neutral scenarios
  • Support the development of economic assumptions (e.g. spreads, defaults, equity returns, etc).
  • Perform ALM analyses, including duration calculations and ad hoc projects to optimize results.
  • Document asset information and assumptions for CFT, AG53, etc.
  • Liaison between Actuarial, NAMCO, and ERM with respect to asset-related topics and initiatives
  • Support strategic asset allocation (SAA) analyses
  • Perform other duties as assigned.

  Knowledge, Skills and Abilities

  • At least 5 years of experience in actuarial, ALM and/or asset-related fields
  • FSA/ASA or CFA credential
  • Actuarial software experience (MG-ALFA, PolySystems) preferred
  • Strong technical and coding abilities, proficiency with R or Python preferred
  • Experience with FactSet, BondEdge or similar asset software preferred
  • Strong analytical and decision-making skills
  • Ability to work in a dynamic, flexible work environment
  • Strong communication and collaborative skills

  Compensation

  Nassau maintains a holistic compensation philosophy focused on competitive base salaries, performance driven incentives, and unique professional development opportunities. The combination of compensation, benefits, and an entrepreneurial culture along with related experiences is key to recruiting and retaining talent. Our compensation system is designed to reward performance, support development and job growth, and compensate individuals relative to their contribution to our organization. The compensation for this position falls within Nassau’s salary band E: $130,000-$180,000.

  Visit our Careers page and apply online at www.nfg.com .

  Based in Hartford, CT, Nassau Financial Group is a growth focused and digitally enabled financial services company with three distinct and closely connected businesses: insurance, reinsurance, and asset management. Nassau was founded in 2015 and has grown to $1.5 billion in total adjusted capital and $23.3 billion in assets under management.

  As part of a young and growing financial services enterprise, our employees are tapping into a new entrepreneurial spirit while they build on a long track record of putting customers first, understanding the evolving income and protection needs, and developing quality products to meet those needs.

  Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

  This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

• About the company

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