Job Summary
The AVP, Investments will report to the Deputy CIO and work with the broader investments team to project manage and help produce all investment related deliverables, including researching new investment ideas, strategic asset allocation (SAA) and tactical asset allocation (TAA),ALM, day to day management of the portfolio, and ad-hoc projects.
This position will have direct reports and interact with key members of external asset managers serving the Company in addition to interacting with other F&G functional team members to ensure progress and continuity of investment related projects.
Duties and Responsibilities
- Lead the enterprise strategic asset allocation work in collaboration with internal F&G teams and external managers
- Co-own the dynamic and tactical asset allocation processes with the business verticals on the team
- Portfolio optimization –Design and execute portfolio programs to improve profitability of, or reduce risk in, the inforce portfolio
- Liaise and oversee external investment managers
- Work closely with the Investment Portfolio Analytics Team and external managers to report on portfolio metrics and provide analytical insight into the portfolio
- Lead the planning, coordination, analysis, and creation of presentation materials for the Investment Committee on behalf of the Investment Department
- Responsible for investment related deliverables, such as presentation materials and data requests from all external stakeholder (rating agencies, investors, etc)
- Work closely with the Investment Portfolio Analytics Team to develop, manage, and implement a robust process for portfolio benchmarking
- Support internal company-wide initiatives such as ESG, ICOLI and Corporate Development, as needed
- Provide strategic insight for senior members of the Investments team in the evaluation of assumptions used in various asset modeling, portfolio optimization, and trade program processes
- Communicate investment directives and needs to the external asset managers in a timely and regular manner, including assessment and execution of tactical asset allocations
- Manage and oversee the overall asset class SME program on the team
- Provide day-to-day management of the portfolio
- Provide ad-hoc analytical requests
Experience and Education Requirements
- Bachelor’s degree in mathematics, economics, investments or related field.
- 10+ years of related experience with a minimum of 5 years experience working within or with the investments team of an insurance company4+ years experience leading a team
- CFA and/or ASA designation preferred
- Experience with life/annuity company liabilities preferred
Knowledge, Skills & Abilities
- Knowledge of fixed income portfolio management, and exposure to other general account assets – i.e. structured assets, real estate, alternatives
- Demonstrated strong asset modeling skills with the ability to automate/streamline current processes
- Ability to lead and manage large-scale projects & teams and manage competing priorities
- Understanding of STAT and GAAP accounting frameworks
- Understanding of insurance capital frameworks
- Strong collaborator with demonstrated project management skills
- Strong capabilities in MS Excel and, Bloomberg, Aladdin (or similar modeling and investment systems)
- Effective verbal and written communication skills
- Superior analytical and problem solving skills
- Team player who is comfortable working in a dynamic, fast-paced entrepreneurial environment
- Ability to lead and manage a team
Other Requirements
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- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
- Ability to travel up to 30%
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Work Environments
F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.
F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact [email protected].
Join our employee-centric hybrid work environment: F&G Careers
About F&G
Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.
As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.
1Top Workplaces USA 2022 – 2023
2Des Moines Register Top Workplaces 2018 – 2022
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What We Do
Established in 1959, F&G is headquartered in Des Moines, Iowa, and offers unique life insurance and annuity solutions to meet individual financial security needs through a national network of financial professionals. Our products have protected over 700,000 people across the United States.
F&G is a company of individuals who believe in the power of partnerships, encourage innovation and creativity, and are transparent about decisions while delivering on their commitments. These values allow F&G to help you turn your aspirations into reality.
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