Quantitative Analyst

Aspida • Full-time • Durham, NC, US • $90.61k - $168.28k / year • 1w ago

DescriptionCompany Description:Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn. Who We Are:Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.What We Are Looking For:Seeking a seasoned quantitative analyst role to help bring a deep technical/modeling skillset and perspective to the newly formed hedging function. This position will be the first quant on the team and is responsible for modeling the market risk at Aspida and analyzing the portfolio risk. They will be involved in a variety of different types of hedges including equity, FX, and Interest Rate options, across both direct business and offshore reinsurance. The individual will help build a hedge monitoring framework and centralize the hedging function. Key responsibilities will include equity modeling, macro level hedge modeling, liquidity analysis, variance analysis, and preparation of key reports. We are looking for someone to bring their experience to our team along with a self-starter mindset and good communication skills, to be able to communicate technical ideas to a less technical audience. This role reports to Aspida’s Hedging Leader and is required to be onsite 3 days a week at our Durham, NC headquarters.What You Will Do:· Develop, implement, and create hedge monitoring solutions for Aspida Life and centralize Aspida Re Cayman and Aspida Re hedging functions. · Design and implement quantitative methods and tools for portfolio construction and analysis.· Proactively monitor and analyze emerging industry trends, market dynamics, and innovations in analytical methodologies to enhance strategic decision-making and maintain a competitive edge.· Create and enhance risk appetite, hedge management, and reporting frameworks to further improve hedge processing across Aspida’s growing business.· Collaborate with actuaries, the finance team, asset managers, and M&A team to get a wide knowledge base of Aspida and the hedging function.· Communicate findings and recommendations to stakeholders, including senior management, executives, and a non-technical audience. · Help develop interest rate hedging and FX hedging functionality across the business by modeling macro level risks.What We Provide:· Salaried, DOE· Full-Time· Full Benefits Package AvailableWhat We Believe:Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate!At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items. RequirementsWhat We Require:· Bachelor’s degree in Mathematics, Statistics, Finance, Economics or other related field. A Master’s degree or PhD is preferred· Strong proficiency in quantitative analysis and financial modeling· Experience with programing languages such as R, Python, or other programming languages· A track record of experience with 10+ years preferred· Strong analytical and problem-solving skills · Excellent verbal and written communication and presentation skills · Ability to work effectively with cross-functional teams across different business units