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Investment Actuary - Macquarie Investment Management - Philadelphia
Macquarie Asset Management
Macquarie Investment Management (MIM) is a global asset manager with offices throughout the US, Europe, Asia, and Australia. As active managers, we prioritize autonomy and accountability at the team level in pursuit of opportunities that matter for clients. Our conviction-based, long-term approach has led institutional and individual clients to entrust us to manage US$256.9 billion in assets as of Dec. 31, 2016. Macquarie Investment Management is a division of Macquarie Asset Management, a global asset manager with US$362.1 billion in assets under management as of Dec. 31, 2016.
Reporting to the Head of Insurance Strategy and ALM, the Investment Actuary will have a key role in enhancing the capabilities of both the LDI (Liability Driven Investing) and insurance asset management businesses of MIM.
The Investment Actuary will be a key member of the LDI implementation team responsible for developing, recommending and assisting in implementing strategies to achieve the objectives of pension account clients. The role will be a resource for clients and the candidate should possess industry insights with the ability to partner with other teammates to credibly interface with the financial, investment and benefits contacts at potential clients, including the senior decision makers.
The role with be responsible for coordinating internally with the LDI portfolio management team, including the portfolio managers and the head of the derivatives team. The role will also work with the institutional sales team to communicate the investment process for pension accounts to potential clients.
A firm understanding of the underlying actuarial, accounting, and regulatory issues that drive investment management decision making will be important for success as will the ability to understand and model liabilities and to understand the optimal asset strategies to achieve client objectives.
The Investment Actuary will also be a key member of the insurance portfolio management team, responsible for providing value added ALM (Asset Liability Management) and risk management services to insurance clients. The role will assist in proving ALM services, such as peer analysis, asset allocation recommendations and assisting with cash flow testing and assistance with client’s rating agency interactions. The candidate will be expected to enhance our enterprise risk management tools and have the ability to perform risk analysis, such as stress testing and scenario analysis, VaR and other techniques on client portfolios.
Provide insights into market and regulatory events occurring in the pension and insurance market places and their potential impact on client portfolios.
Assume ownership and responsibility for a variety of processes and models supporting the LDI and insurance asset management businesses. This includes:
Being able to critically review, develop and implement improvements and changes to existing efforts.
Designing, building and implementing investment / actuarial models as needed to support and inform the strategic investment decision process
Working collaboratively with others to research and probe key issues.
Effectively communicate strategies and positioning, both internally and externally, in support of the LDI and insurance asset management businesses.
The candidate selected for the role will possess a diverse set of skills including a strong insurance and capital markets background and experience working in the pension industry.
Fellow of the Society of Actuaries or Casualty Actuarial Society with specialization in investments or pensions
Minimum 7-10 years of experience in an insurance company or financial services setting
BA / BS required
MBA / CFA is preferred
Strong analytical and quantitative skills.
Strong background in fixed income and capital markets
Excellent verbal and written communication skills as well as strong presentation capabilities.
Strong computer skills, superior ability to design and build efficient financial
Ability to work in both a team and an autonomous environment.
Ability to understand instructions and unfamiliar concepts quickly, work independently, take ownership of responsibilities and deliver results.
Strong organizational skills with the ability to handle multiple demands and changing priorities.
Ability to handle pressure and work with a sense of urgency to meet deadlines.
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other impermissible criterion or circumstance. Macquarie also takes affirmative action in support of its policy to hire and advance in employment individuals who are minorities, women, protected veterans, and individuals with disabilities.
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