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American Equity Senior Financial/Product Analyst, Hedging in West Des Moines, Iowa

Description

GENERAL PURPOSE OF THE JOB:

The Senior Actuarial Analyst – Hedging is responsible for compiling data and reporting financial information to the Investments Department to inform investment purchasing decisions. The incumbent conducts deep comparative analysis of policy data in order to make informed hedge recommendations, consistent with established corporate hedging strategy. Considerable independent judgment and discretion is required.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Applies principles of finance and mathematics in providing analytical support to hedging.

  • Collects, compares and analyzes data from various sources such as the policy administration and other systems.

  • Prepares hedging recommendations and memos summarizing analytical findings and recommended investment purchases designed to reduce or mitigate financial risk to the company.

  • Applies independent judgment to optimize combinations of hedge positions in formulating hedge recommendations.

  • Proposes and implements process improvements to mitigate increased complexity due to new products, hedging structures, hedging strategies, and/or underlying indices.

  • Prepares weighted cost of money and other related reports.

  • Completes spreadsheets to be utilized by accounting in financial reporting.

  • Serves as subject matter expert on hedging analysis and provides work direction to junior analysts.

  • Compiles data into a readable and understandable format that can be used by management for appropriate action.

  • Collaborates with administrative department to investigate and account for new business anomalies in hedge recommendation.

  • Compiles hedge effectiveness reports and memoranda.

  • Participates in various product and pricing projects.

  • Performs other related work as assigned.

SUPERVISORY RESPONSIBILITIES:

Direct Reports: 0

General Description of Indirect Reports (2 and 3-downs): 0

EDUCATION AND/OR EXPERIENCE:

Bachelor’s degree (B.A.) from four-year college or university in Finance, Actuarial Science or related field of study; plus four (4) years of progressively responsible related experience in the financial services industry; or equivalent combination of education and/or experience.

Prior experience performing comparable hedging work in an actuarial function strongly desired but not required.

CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:

N/A

KNOWLEDGE, SKILLS AND ABILITIES:

  • Strong customer service orientation.

  • Effective verbal and written communication skills with ability to effectively present information and respond to questions.

  • Strong systems aptitude.

  • Advanced mathematical skills and strong attention to detail.

  • Ability to work cooperatively and successfully with employees, customers, and other outside third parties.

  • Strong organizational and planning skills.

  • Proficient in the use of SQL and Microsoft Office applications with emphasis on Excel and Access.

  • Ability to read, analyze, and interpret general business periodicals, professional journals and technical/operational procedures.

  • Strong analytical and problem-solving skills with ability to define problems, collect data, establish facts, and draw valid conclusions on practical problems that deal with a variety of concrete variables in situations where only limited standardization exists.

  • Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.

  • Ability and willingness to adjust to changing priorities in a fast-paced working environment.

  • Minimal to no travel is required in this position.

This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job-related instructions and be required to perform other job-related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.

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