Executive Director Derivatives & Hedging

National Life Holding Company

Montpelier, VT

JOB DETAILS
SKILLS
Accounting Standards and Regulations, Actuarial Skills, Annuities, Asset Management, Banking Services, Chartered Financial Analyst (CFA), Communication Skills, Corporate Finance, Derivatives, Distribution Channel, Finance, Financial Analysis, Financial Mathematics, Generally Accepted Accounting Principles (GAAP), Hedge Funds, Insurance, Insurance Regulations, Interest Rates, Investment Capital, Investment Management, Leadership, Management Strategy, Marketing/Sales Collateral, Mergers and Acquisitions, Metrics, Microsoft Excel, Microsoft Office, Microsoft PowerPoint, Microsoft Word, Product Design, Profit & Loss, Reinsurance, Risk Management, Stress Testing, Team Lead/Manager, Team Player, Value At Risk (VaR)
LOCATION
Montpelier, VT
POSTED
30+ days ago

About UsNLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple - to allow NLG to keep its promises. How we do this - an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team. They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision. We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders. Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.Please note that we do not offer visa sponsorship for this position.Role SummaryThe Hedging Leader at NLG Capital is responsible for designing, implementing, and overseeing the hedging framework and activity for the company's insurance and reinsurance operations. This is a critical leadership role that sits at the intersection of investments, risk management, and actuarial strategy. The position requires deep expertise in hedging and derivative strategies, specifically index and product related design, combined with the ability to lead a team and collaborate across functions to ensure effective risk management, capital efficiency, and alignment with the firm's long-term objectives.Essential Duties and ResponsibilitiesDevelop and implement a scalable hedging program to manage market, interest rate, and option risks across NLG's insurance companies.Oversee day-to-day hedging operations, starting with static hedging programs and evolving toward dynamic overlays as business and asset volumes increase.Monitor and report on hedge effectiveness, including metrics such as value-at-risk, hedge P&L attribution, and capital impacts.Partner with investment, actuarial, and finance teams to design and execute hedging strategies for new products, M&A, and reinsurance deals-including FX hedging and in force risk management.Optimize collateral and capital efficiency associated with hedging activities.Build and lead a high-performing team of 2-3 professionals responsible for hedge execution, reporting, and analytics.Collaborate with actuaries, distribution partners, and banking counterparties on the development and launch of new FIA and RILA products, including custom and indexed-linked strategies.Work with corporate finance and actuarial valuation teams to support projections, capital planning, and stress testing.Minimum QualificationsProven track record of successfully designing and implementing hedging programs in insurance or reinsurance contexts.Broad understanding of life and annuity products, including IUL, FIA, MYGA and RILA.Strong ability to communicate complex hedging strategies simply and effectively to diverse stakeholders.Experience balancing risk management and capital efficiency objectives.Strong technical proficiency, including Microsoft Office (Excel, Word, PowerPoint); experience with quantitative tools preferred.Self-motivated with demonstrated excellent leadership, collaboration, and communication skills.Actuarial, quantitative finance, or CFA background preferred but not required.This position currently offers an onsite hybrid work schedule, with the expectation that you are in the office four days per week during onsite core days. The work schedule type and core days are subject to change with advance notification and manager discretion.Preferred QualificationsExperience with U.S. statutory accounting, GAAP, insurance regulatory and actuarial guidelines.Experience managing collateral and counterparty relationships.Prior leadership of derivatives or hedging teams in an insurance or asset management setting.

About the Company

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National Life Holding Company