Director​/Managing Director, Hedging Strategy

About Kuvare

Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.

Kuvare family of companies:

• Retail Annuity and Life Insurance Solutions:
  • United Life Insurance Company
  • Guaranty Income Life Insurance Company
  • Lincoln Benefit Life
• Institutional Insurance:
  • Kuvare Life Re
• Bespoke Insurance Solutions:
  • Ignite Partners

The Director/MD, Hedging Strategy, is a senior, high-visibility leadership role responsible for the design, implementation, governance, and ongoing oversight of the Company’s hedging framework for its insurance investment portfolio. Sitting at the intersection of investment management, risk, ALM, actuarial, and finance, this role plays a critical part in protecting economic value, managing interest rate risk, and supporting capital efficiency across the organization.

The successful candidate will bring deep, technical expertise across a wide range of hedging and derivative strategies, particularly interest rate derivatives, combined with strong judgement, communication skills, and the ability to operate effectively within a regulated insurance environment. This role partners closely with the investments team, risk management, actuarial, finance and senior leadership to proactively ensure well-designed hedging strategies, capital efficiency, and alignment with the Company’s core long-term objectives.

• Own and evolve the Company’s end-to-end hedging framework for its insurance investment portfolios, with primary emphasis on interest rate risk and asset-liability matching
• Design and implement hedging strategies using derivatives including swaps, futures, and forwards, to effectively manage market risks while optimizing capital efficiency
• Establish appropriate governance, controls, and reporting around hedging objectives and performance measurement

• Oversee day‑to‑day investment‑oriented hedging activities across the Company’s insurance carriers
• Partner closely with portfolio managers and traders to structure, execute, and manage derivative transactions
• Monitor hedge effectiveness and basis risk, and refine strategies as market conditions, assets, liabilities, or business objectives evolve
• Own derivatives transaction management across the lifecycle, including negotiation and documentation of ISDAs, CSAs, and related trading agreements, in partnership with Legal, Treasury, Portfolio Management, Risk, and the Company’s various counter parties

• Design and perform scenario analysis and market stress testing to evaluate hedge effectiveness, balance sheet sensitivities including impact on asset-liability management, capital impacts, and overall portfolio resilience under adverse market conditions
• Synthesize and report on hedge exposure, sensitivities, and key derivatives risk metrics across portfolios
• Develop and present clear, decision‑useful analytics on hedge performance, economic impact, and residual risks
• Monitor derivative counter party exposure, collateral arrangements, and concentration risks, ensuring adherence to approved limits and risk appetite

• Partner with treasury and portfolio management to ensure sufficient liquidity and eligible collateral are available to meet variation margin and other collateral requirements
• Oversee collateral forecasting, posting, and reporting and summarize collateral usage and potential stress scenarios

• Present proposed hedge strategies, summarize existing derivative positions, and quantify portfolio-level impact for senior management and risk committees
• Act as the subject‑matter expert on derivatives and interest rate hedging for internal stakeholders across investments, risk, actuarial, finance, and executive leadership