Associate, Insurance Advisory & Insurance Investment Solutions

About This Role

Team Overview

The Insurance Solutions Group provides a wide range of advisory, portfolio construction, capital formation and whole portfolio solutions to insurers globally. Within the Insurance Solutions Group, the Insurance Advisory & Insurance Investment Solutions (“IA&IIS”) team is a group of insurance specialists with diverse backgrounds from asset management, investment banking, insurance, and consultancy.

A key focus of the team is engaging with insurance clients to help solve their most complex asset allocation, portfolio construction, risk, and capital management challenges. This work also requires the team to develop bespoke modelling and analytical capabilities, both independently and leveraging the broader BlackRock analytical platform.

We use our collective insurance, analytics, and investment expertise and experience to deliver effective investment propositions that address the needs of our insurance clients.

Responsibilities

• Develop a thorough knowledge of the team’s existing systems, tools and other capabilities, as well as those BlackRock capabilities which are of relevance to modelling the assets and liabilities of insurers.
• Contribute to the broad development objectives of the team’s global analytical platform across framework input assumptions, optimization methodologies and liability cashflow aware analytics.
• Undertake complex ALM, strategic asset allocation and capital management exercises to design portfolios and strategies that provide good trade-offs between capital charges, return, volatility, transaction costs and liquidity needs.
• Maintain strong relationships with internal partners in the Financial & Strategic Investors Group, the BlackRock Investment Institute, Aladdin Financial Engineering and relevant investment teams to drive enhancements in analytical capabilities of relevance to insurers.
• Keep abreast of the implications of regulatory, accounting and capital frameworks on investment and risk management decisions made by insurance companies.

Qualifications

Knowledge/Experience:

• At least 2 years of industry experience, gained within an insurer, asset manager, investment bank, or consultancy.
• Previous experience with investment and ALM strategies utilised by insurers when managing assets invested to meet long-term liabilities, balance sheet management and portfolio optimization.
• Strong knowledge of life insurance products and regulatory and accounting constraints under which insurers operate.
• Good understanding of modern financial mathematics (e.g. option pricing, hedging, stochastic processes, Monte Carlo simulation, interest-rate modelling).
• Demonstrable practical experience in coding with Python, VBA, or other programming languages, specifically applied to asset and liability modelling.
• Skills commensurate with holding an investment, risk management, actuarial or other technical role in a life insurance, reinsurance or banking environment would be advantageous.
• Advanced degree in mathematics, engineering, economics, or other technical discipline.

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our Benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy .

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.