Description
Get to Know the Opportunity:
The Assistant Vice President, Insurance Portfolio Manager is a core investment professional within the Insurance Portfolio Management (IPM) team, supporting the construction, oversight, and daytoday management of customized insurance company portfolios. The role is focused on translating insurance client objectives, balancesheet constraints, and regulatory considerations into portfolio construction decisions across public and private fixed income markets, under the guidance of senior portfolio managers.
This position is intended for a developing portfolio manager with a strong foundation in fixed income markets and a growing understanding of insurance investment frameworks. The role combines handson portfolio analytics and execution with increasing responsibility for client support, crosssector coordination, and independent judgment.
The Contributions You'll Make:
Portfolio Construction & Management Support
-Support the design, implementation, and ongoing management of multisector fixed income portfolios for life and P&C insurance clients, aligned with liability profiles, capital objectives, liquidity needs, and risk tolerances.
-Assist in translating investment guidelines, ALM targets, and regulatory constraints into portfolio construction inputs, including sector allocation recommendations, structure selection, and risk positioning.
-Execute portfolio rebalancing, cash deployment, turnover management, and trade implementation in coordination with senior portfolio managers, trading desks, and sector teams.
-Perform relative value analysis across public and private fixed income asset classes, incorporating spread, capital efficiency, liquidity, and downside risk considerations.
Insurance Frameworks & Portfolio Surveillance
-Apply working knowledge of insurance regulatory and accounting frameworks, including NAIC RBC, statutory accounting (SAP), and U.S. GAAP, to portfolio analysis and reporting.
Monitor portfolios for guideline compliance, concentration limits, capital usage, and performance attribution; escalate issues and recommendations to senior portfolio managers as appropriate.
-Support portfolio surveillance, stress testing, and risk reporting processes used across insurance mandates.
-Assist in maintaining and enhancing portfolio analytics, dashboards, and reporting tools.
Client & Stakeholder Support
-Support senior portfolio managers in servicing insurance clients, including preparation of investment reviews, portfolio commentary, ad hoc analyses, and responses to client inquiries.
-Participate in client meetings, investment committee discussions, and due diligence sessions, contributing analytical insights and portfolio detail.
-Assist with RFP responses, pitch materials, and the development of proposed insurance investment solutions.
CrossFunctional Coordination & Development
-Coordinate investment activity across asset sector teams to support portfolio objectives and timely execution.
-Work closely with risk, operations, accounting, compliance, and data teams to resolve portfolio, reporting, or data issues.
-Mentor and collaborate with analysts, contributing to team knowledgesharing and analytical rigor.
-Identify opportunities to improve portfolio construction workflows, analytics, and automation as experience and responsibility grow.
Requirements
Minimum Knowledge & Experience:
-Bachelor’s degree in Finance, Economics, Accounting, Mathematics, Engineering, or a related quantitative discipline required.
-Approximately 4–7 years of relevant experience in fixed income portfolio management, portfolio analytics, or related investment roles; insurance company general account experience preferred but not required.
-Solid foundation in public and private fixed income markets, including corporate credit, securitized products, and structured investments.
-Working knowledge of insurance investment considerations, including NAIC RBC, statutory and GAAP accounting, and assetliability management concepts.
-Progress toward or completion of the CFA designation strongly preferred.
-Strong analytical and quantitative skills, with the ability to evaluate risk, return, and capital tradeoffs.
-Clear written and verbal communication skills, with the ability to present analyses to senior team members and clients.
-Collaborative, detailoriented professional with a strong work ethic and desire to grow into a senior portfolio management role.
