Job Information
American General Life Insurance Company Economist in Jersey City, New Jersey
Provide routine and ad-hoc economic and real estate scenario analyses, including generating internally consistent macroeconomic, financial, and real estate variables and risk factors based on scenarios provided by internal risk management and regulators. Maintain and refine in-house real estate forecast models and cover real estate fundamental research. Maintain and develop in-house real estate forecast models. Work with the financial model validation team to improve existing macroeconomic and real estate models and develop new models. Coordinate with cross-functional teams on annual budget, internal stress, NAIC (National Association of Insurance Commissioners) liquidity stress test, quarterly CECL (Current Expected Credit Losses), OTTI (Other-Than-Temporary Impairment), ALLL (Allowance for Loan and Lease Losses), NII (Net Investment Income), and risk charge processes. Train junior staff on developing quantitative, modelling, and presentation skills. Work with Applied Time Series; macroeconometric forecasting; residential housing price forecast models; vendor commercial real estate forecasts and adjustment models; Stata programming; and advanced Excel. Requirements: Master’s degree in Economics, Finance, or a related field of study, plus one (1) year of experience with Applied Time Series; macroeconometric forecasting; and advanced Excel.