Vice President, Enterprise Valuation Control
Major Life Insurance Company
Summary of Role
This role is a leadership position within the ALM Finance unit reporting to the Investment controller with responsibility for monitoring and transforming the enterprise processes, policies, controls and reporting around valuation of Investments, derivatives and other assets as well as certain financial liabilities. The role requires a detail understanding of a broad range of financial instruments and their valuation methods. Financial instruments include over-the-counter derivatives, fixed income, equitiesand real estate related products. Familiarity with valuation policies and processes as well as modeling, risk management and controls is imperative. A solid understanding of Fair Value accounting under US GAAP is equally important.
This job requires partnering across substantially all business groups including, investment and asset management areas, International Insurance, International Investments, Retirement, Life, and Annuities. It also requires coordination with operations, risk management, trading desks and investment professionals within portfolio and asset management groups, treasury management, tax and other finance groups.
This position will function as the valuation policy and process leader for the enterprise and be the finance organization’s point person for valuation for both internal and external constituencies.
Principal Duties and Responsibilities
Education/Experience
This position is expected to require specialized technical knowledge in addition to an MBA or other advanced degree. A finance or background with advanced learning in valuation, derivatives and fixed income products, investment strategies, capital management and risk management are also required. A quantitative background is extremely desirable for this role. Strong communication skills and ability to comfortably interact with senior leaders is also desired.
Relevant work experience would include leadership roles in various aspects of valuation, product control, Fair Value Accounting and risk management, preferably at a major financial institution.