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AAA Life Insurance Company · 1 day ago

Director Investments Treasury and Capital Planning

Livonia, MI

Full-time

Onsite

Senior Level, Lead/Staff

8+ years exp

AAA Life Insurance Company is responsible for directing the investment portfolio, treasury management, and capital planning to meet regulatory and rating agency requirements. The role involves overseeing investment strategies, managing relationships with investment managers, and ensuring compliance with financial regulations.

Financial ServicesInsuranceLife Insurance

Responsibilities

Primary liaison between the Company and its Investment Managers and its Bank Representatives

Working with the Treasury team, optimizes banking relationships to minimize cost and maximize short-term investment income on cash held. Ensures operating cash is available as needed

Directs analysis of the Investment Portfolio and Investment Income. Advises management of investment income trends and variances to budget or previous reporting periods

Directs or conducts research activities to determine the accounting and reporting implications of changes in corporate operations on Investment Accounting, Reconciliations, or Treasury processing

Reviews and ensures the accuracy of audit procedures utilized by staff members in preparing reports for internal and external auditors

Monitors and reports status of monthly reconciliation’s process to the Controller

Researches, recommends, and implements changes to the company Investment Systems to comply with Statutory and GAAP Accounting requirements

Analyzes market and portfolio investment yields for development of ongoing product crediting rates

Prepares materials for presentation to the Internal Investment Committee, Interest Rate Setting Committee, and assists the Asset-Liability Risk Committee

Reviews and verifies the preparation of the monthly, quarterly, and annual financial statements. Oversees the monthly close, including thorough analysis of cash and investment holdings using balances and transactions

Responsible for the selection, hiring, management, development and training of all direct reports. Provide coaching and guidance to staff to work toward agreed upon objectives. Develops and maintains job documentation and procedures

Responsible for maintaining compliance with all laws and regulations that govern the business processes in the department, as well as compliance with the Code of Ethical Market Conduct

Reviews and verifies various spreadsheets including accruals, investment expenses, trend analysis, daily cash balances, investment holdings, etc

Develops and maintains productive relationships with project sponsors, other business unit associates, and senior management

Develops and maintains complex financial models to analyze investment performance and project investment performance under various scenarios

Conducts and/or oversees appropriate research to suggest investment in new assets classes or withdrawal from existing asset classes

Works with outside investment advisory consultants to optimize portfolio performance regarding yield and capital efficiency, in addition to monitoring total return

Works with the company’s valuation actuaries to ensure proper asset/liability matching and adequate liquidity for investment, treasury and operating needs

Creates and analyzes metrics to monitor the performance of AAA Life Alliance investment managers to ensure they are meeting established standards

Monitors capital levels for each legal entity of the AAA Life Alliance; works with shareholder personnel to ensure required capital contributions are made timely. Works with the CFO and Chief Actuary to ensure capital plans are adequate and that sufficient capital is maintained to satisfy regulatory and rating agency requirements

Identifies project impacts on the investment and treasury systems and modifies appropriate models as necessary

Provide guidance and recommendations to management

Responsible for maintaining and documenting MAR compliance

Anticipates/discovers problems through analysis, and suggests corrective actions

Maintains and enhances investment and treasury reporting models and processes

All other duties as assigned

Qualification

Investment ManagementTreasury ManagementFinancial ModelingAccounting PrinciplesCFA CertificationCPA CertificationFLMI CertificationSpreadsheet ModelingResearch SkillsCompliance KnowledgeCommunication SkillsTeam LeadershipProblem Solving

Required

Bachelor's degree in Business, Finance, Math or Accounting or equivalent experience required

FLMI, CPA, CFA and/or CTP strongly recommended

Minimum 8-10 years of experience in investments, or accounting/finance position involved with investments

Experience with fixed income investing is preferred

Experience in the insurance industry is preferred; or in a similar institutional investor setting

Proficiency in PC applications and advanced spreadsheet modeling

Experience with Microsoft office applications and data base systems required

General understanding of Statements of Statutory Accounting Principles (SSAP)

Knowledge of Generally Accepted Accounting Principles (GAAP)

Willingness to work extended hours or weekends as needed (month end processing, budget season, ratings agency work, year-end work in January)

Preferred

Experience with fixed income investing is preferred

Experience in the insurance industry is preferred; or in a similar institutional investor setting

Company

AAA Life Insurance Company

AAA Life Insurance Company is fueled by our mission of providing financial security and peace of mind to AAA members through our life insurance products, delivering on the outstanding customer service that members have come to expect from the AAA brand.

Founded in 1969

Livonia, Michigan, USA

501-1000 employees