Derivative Hedging Analyst/Associate

Derivative Hedging Analyst or Associate

Midwest Holding LLC, a rapidly growing financial services holding company, seeks a versatile, hands-on, and energetic team player to join us as Derivative Hedging Analyst or Associate. We operate as a modern insurance-holding company focused on long-term growth. We aim to foster and cultivate our relationships to sell and administer annuity products through third-party independent marketing organizations (IMOs).

The investments arm of Midwest Holding sits at the nexus of asset management, reinsurance, and insurance, implementing a dynamic capital-light business model. We are looking for a sharp, highly motivated, and analytical self-starter with a “roll-up your sleeves” attitude to join our team during this exciting time of growth.

Summary/Objective

We seek an Analyst or Associate (depending on experience) to join our investments department.

The position is based in Midtown Manhattan, New York.

Essential Functions

·        Responsible for hedging equity, interest rate, and FX risk embedded in liability FIA policies and the investment portfolio. Assist with structuring, execution, and management of the firm’s derivatives portfolio.

·        Support new product/index design initiatives from the Retail team. Assist portfolio managers with new investment hedging design. Assess environment and market factors to generate hedge ideas and support the firm’s asset/liability management. 

·        Review and monitoring of existing hedge programs to identify opportunities for better hedge effectiveness. Summarize hedging P&L and risk metrics to support the broader insurance organization in monthly and quarterly reporting cycles.

·        Create hedging tool in Excel/Python to streamline hedging processes.

·        Communicate key hedging metrics to operations, accounting and other internal departments for seamless integration.

Competencies

·        Derivative product knowledge (vanilla options, futures, and swaps) and understanding of option models required.

·        Advanced quantitative/analytical ability, experience in Python or other programming languages preferred.

·        Familiarity with Clearwater, Bloomberg and other financial tools.

·        Derivative accounting knowledge a plus (GAAP/STAT).

·        Natural self-starter with appreciation for fast-paced dynamic environment and problem-solving.

Required Education and Experience- Analyst Level

• Bachelor's Degree in STEM, Finance, or a closely related field.
• 1 year experience in the derivatives space (e.g. sell-side sales & trading, hedging function at insurance companies and asset managers).

Required Education and Experience- Associate Level (in addition to Analyst level requirements)  

·        Master's degree or higher in a relevant field.

·        3 years of relevant experience.

Supervisory Responsibility

·        This position has no supervisory responsibilities.

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Physical Demands

The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to talk and communicate with others. This may be over the phone, in person, or through email and messaging. The employee must be able to hear customers and agents over the phone. The employee is frequently required to sit, stand; walk, and use their hands and fingers to work with the computer, phones, filing cabinets, paperwork, etc. 

Position Type and Expected Hours of Work

This is a full-time hybrid position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5:00 p.m. Additional hours as needed to complete work and ensure operations/business is not interrupted or slowed.

Travel

Limited travel

Work Authorization/Security Clearance

Must be eligible to work in the United States.

AAP/EEO Statement

Midwest Holding is an Equal Opportunity Employer.

If you need assistance or an accommodation due to a disability, you may contact us at 402-489-8266.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.