Job Description

The stated pay range is based on a national-average location. Actual salary is determined by factors including relevant work experience, skills and location. This position is bonus eligible.

CNO Financial Group is hiring a Senior Managing Actuary – ALM to work with 40|86, Actuarial and Finance to be responsible for the company’s asset-liability management activities. These include the development and implementation of strategies to manage interest rate risk and hedge market risks embedded in the products. They support finance in ALM activities and capital management activities, including the allocation of net investment income and financial analyses. This role also supports Actuarial Valuation in the development of asset models used in Asset Adequacy Analyses and investment and other market related assumptions required in valuation.

This is your opportunity to work closely with 40|86 on duration management, hedging and as a resource for actuarial matters.

As a Senior Managing Actuary – ALM, your responsibilities will include:

• Managing the company’s asset liability management (ALM) risks in coordination with 40|86, Actuarial and Finance.
• Developing and maintaining programs required for managing A-L risk, including programs for measuring liability duration and hedging the Fixed Indexed Annuity and Indexed Universal Life products.
• Supporting Actuarial Valuation for investment related needs, including the development and maintenance of asset models for cash flow testing and the development of investment and market related assumptions used in reserving.
• Supporting Finance with the development and maintenance of program to allocate Net Investment Income and related analyses.
• Supporting corporate initiatives including M&A and reinsurance.
• Engaging with the Investment and ALM Committee and the Investment Committee of the Board of Directors as directed by the Chief Investment Officer.
• Managing 1-2 direct reports in the completion of their assigned duties.

The Senior Managing Actuary – ALM position is well-suited for you if you:

• Are highly proficient in ALM, including hedging and duration management.
• Possess investment knowledge, including modeling.
• Exhibit good communication skills.
• Demonstrate the ability to solve challenging technical problems.
• Have knowledge of life, health, and/or annuity products.
• Are proficient with Actuarial modeling systems, including Poly, Excel, VBA and/or BondEdge.
• Possess Associateship in the Society of Actuaries.

What you’ll need:

• Bachelor’s degree in Actuarial Science, Mathematics, or a related field
• Associate of the Society of Actuaries (ASA)
• 10 years of relevant actuarial experience

What will set you apart:

• Fellow of the Society of Actuaries (FSA), Finance and Investment Track
• 5 or more years of ALM experience
• Willingness to work Central or Eastern time zone business hours

The Company offers the following benefits for this position, subject to applicable eligibility requirements:

• medical insurance
• dental insurance
• vision insurance
• 401(k) retirement plan with company match
• short-term & long-term disability insurance
• Paid time-off and corporate holidays,
• paid parental leave
• company paid life insurance

Click on this link for additional information.

CNO embraces flexibility and encourages you to work where you’re most productive. Associates who live within a 60-mile radius of a corporate office (Birmingham, Carmel, Chicago, Orlando and Milwaukee) have access to come into that office.

Associates who live outside of a 60-mile radius of a corporate office (Birmingham, Carmel, Chicago, Orlando and Milwaukee) may perform this role full-time work from home (WFH) from any US based location, as long as you are willing to work central or eastern time zone hours.

All associates may be asked to travel to varying corporate offices periodically. Work cannot be performed from outside of the United States.

CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands and supported by our associates and agents. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and more than $37.9 billion in total assets. Our 3,500 associates, 10,400 exclusive agents and independent partner agents guide individuals, families and businesses through a lifetime of financial decisions.

We are financially strong and well positioned for continued growth, and we are grounded in our core values of People Focused, Integrity, Customer Driven, and Excellence. We have offices in more than 260 communities in the U.S., including our headquarters in Carmel, Indiana, and corporate offices in Birmingham, Chicago, Orlando and Milwaukee.

At CNO Financial Group, we’re always looking forward—to the security and stability we help create for our insurance brands’ customers, and the growth we create within our own company. We're looking for ambitious people who want to do more. We'll provide you with opportunities to grow your skills through challenging professional experiences.

If you're looking for a culture that encourages development, helps you reach your potential, and rewards you for your contribution, then CNO Financial Group is right for you. For more information, visit CNOinc.com.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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