Insurance Investment Actuary The Investment Actuary will be a key member of the Insurance Client Strategies team responsible for asset/liability modeling and risk management services for insurance clients. Services will include strategic asset allocation analysis, liability modeling, stress testing, VaR measurement and peer analysis. The actuary will be responsible for developing and implementing enterprise risk management and financial statement models. She/he will work closely with portfolio managers and client service professionals and will interact directly with clients. Key Responsibilities Enterprise Risk Management / Economic Capital Analysis : This individual will understand the key risks of an insurance company, on both the asset and liability sides of the balance sheet. She/he will design a framework for modeling risks and correlations, including correlations between assets and liabilities, will build or identify vendor models to run the risk analysis and will design reports and communicate results. Asset Allocation Studies DFA, Efficient Frontier, Capital Adequacy: This individual will run asset allocation analysis and will build and maintain models to evaluate the impacts of alternative allocations, including tax implications, on an insurance company s balance sheet, income statement and capital adequacy measures. She/he will build stochastic and deterministic models and will work with clients and prospects to calibrate and run these models for each client s unique objectives. Liability Modeling and Duration Analysis: This individual will build liability models to forecast cash flows and to measure liability rate sensitivity that will help define custom benchmarks and assist with strategic asset allocation recommendations. Industry/Regulatory surveillance: This individual will provide insight on industry issues/changes and their potential impact on capital markets, broad asset allocations and individual client portfolios. Understanding of the actuarial, accounting, and regulatory considerations that drive investment management decision will be important. Business Development: The ideal candidate will be able to not only build and run models, but will help package and market those models. He/she will be effective in a client facing capacity and will help portfolio and relationship managers become more fluent and competent in leveraging these capabilities. He/she will also help incorporate the models and output into client reports.
Qualifications Bachelor's degree in finance, insurance, mathematics, actuarial science or related field Relevant professional designation such as FSA, FCSA, CFA or strong career Associate Minimum 5 years of experience in P&C and/or Healthcare field Experience with both asset and liability modeling Strong verbal and written communication skills as well as strong presentation capabilities Ability to work with a sense of urgency to meet client deadlines For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
As one of the world's leading investment management organizations and one of the top U.S. wealth managers, BNY Mellon Investment Management combines agility, insight and scale to create and deliver strategies and solutions to address our clients' needs. Encompassing BNY Mellon's investment management firms, wealth management organization and global distribution teams, we draw on deep expertise to collaborate with clients and tailor our best ideas and resources to meet their specific needs. We pride ourselves on providing dedicated service through our network of global professionals who have a deep understanding of local requirements. With our extensive experience in anticipating and responding to the investment and financial needs of the world's governments, pension plan sponsors, corporations, foundations, endowments, advisors, intermediaries, individuals and families, and family offices, BNY Mellon Investment Management is dedicated to helping clients reach their goals.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-Massachusetts-Boston Internal Jobcode: 08515 Job: Asset Management Organization: NA Investment Boutiques-HR13428 Requisition Number: 1711662