Executive Director, Derivatives & Hedging

Executive Director, Derivatives & Hedging

Come join one of America's fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.

Role Summary

The Senior Hedging Trader at NLG Capital is responsible for execution and implementation of the hedging program for the company's insurance and reinsurance operations. This is a critical role that sits at the intersection of investments, risk management, and actuarial strategy. The position requires deep expertise in hedging and derivative strategies, combined with the ability to play a senior role within the hedging team working with the Head of Hedging and the broader NLG Capital investment team to ensure effective risk management, capital efficiency, and alignment with the firm's long-term objectives.

Essential Duties and Responsibilities

• Facilitate day-to-day hedging transaction management within the stated goals of the organization, within risk limitations and in conjunction with the broader resources of the organization.
• 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 dealsincluding FX hedging and inforce risk management.
• Optimize collateral and capital efficiency associated with hedging activities.
• 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 Qualifications

• Proven track record of successfully designing and implementing hedging programs in insurance or reinsurance contexts.
• Broad understanding of life and annuity products, including FIA 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 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. The work schedule type and core days are subject to change with advance notification and manager discretion.

Preferred Qualifications

• Familiarity with U.S. statutory accounting, GAAP, and actuarial guidelines.
• Experience managing collateral and counterparty relationships.
• Prior leadership of derivatives or hedging teams in an insurance or asset management setting.

AI Proficiency Expectations

At National Life Group, we view AI as an enabler of human potential. We use AI to help us work smarter, serve more clients, and keep our promises, while remaining a relationship-driven business where our people are our greatest strength.

All applicants are expected to:

• Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
• Stay curious and open to new AI-enabled ways of working.
• Exercise sound judgment by reviewing and validating AI-generated content.
• Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life's AI guiding principles.
• Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention and intellectual property.

Benefits

• Your benefits start day one and are flexible and customizable to your and your family's specific needs. Check out the BENEFITS of a Career at National Life!

Base Pay Range. The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances. Additional Compensation and Benefits. The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life's discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors. National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

Salary Pay Range

$225,000 - $330,000 USD