Insurance ALM Specialist recruitment

BlackRock is one of the world’s pre-eminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Business Unit Overview:

BlackRock Multi-Asset Client Solutions (BMACS) is responsible for delivering cross asset class solutions to BlackRock clients worldwide. The BMACS team consists of 165 investment professionals located in London, San Francisco, New York, Sydney and Zurich who provide strategy, implementation and asset management services to all BlackRock’s multi-asset clients.

Within BMACS, the EMEA Insurance Strategy team is responsible for the formulation and provision of investment and risk management advice and strategies and the development and promotion of new products and services for insurance companies. Due to growing client demand in an industry undergoing significant change the team needs to recruit an insurance asset-liability modelling specialist. The position reports to the Head of Insurance Strategy and is based in London. Whilst primarily a technical role it will be important for the successful candidate to be able to conduct effective discussion with clients on relatively technical issues and to maintain an effective partnership with the Financial Institutions Group (FIG) which is responsible for managing and developing BlackRock’s insurance client relationships with insurers who invest against liabilities or liability benchmarks.

Managing Insurance Assets:

As one of the industry’s largest managers of insurance company assets, BlackRock’s insurance practice is a strategic focus of the firm. Our global insurance practice has grown to $287 billion in insurance assets for 196 clients in 26 countries as at 29 February 2012. Of this, $61 billion in insurance assets are held for clients in 14 EMEA countries.

BlackRock understands the unique nature of managing insurance assets and the customisation involved in structuring investment programs for insurers. We have a dedicated 110 person team of portfolio managers, strategists, account managers and regulatory and accounting experts. In addition to traditional investment management we provide risk management, advisory and accounting solutions to 44 insurance companies.

We have seen a significant growth in the trend to outsourcing of Insurance company assets and the outlook for the provision of investment and risk management services to insurance companies is extremely favourable, particularly in view of an increasingly complex market, regulatory and accounting environment.

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