F&G is hiring for a Manager, Investments. The roles primary responsibilities are to support the company’s retail annuities and life business and its initiatives, including new business pricing, product development, investment performance monitoring, and reinsurance/capital initiatives. In addition, this role will also lead Investment-related modeling and analytic support to various internal functions, including Retail Pricing, Risk and Reinsurance.
Duties and Responsibilities
- Retail Pricing Support:
- Responsible for the oversight and management of BAU submissions related to Retail pricing, encompassing weekly new business investment assumptions, monthly retail portfolio analytics, and retail performance tracking.
- Strategic Asset Allocation:
- Collaborate with Investment Central Vertical to set parameters for Retail Strategic Asset Allocation
- Dynamic Asset Allocation:
- Conduct periodic retail new business optimization exercises, considering asset and liability characteristics while optimizing key investment metrics.
- Tactical Asset Allocation:
- Review economics & credits of special investment opportunities, and ultimately set recommendation to enhance retail investment performance.
- Retail Portfolio Monitor & Rebalance:
- Perform periodic review of the retail portfolio and partner with Blackstone analysts on relative value analyses and ultimately make recommendations for rebalance strategies to enhance portfolio investments.
- Retail ALM:
- Oversee asset & liability projections by partnering with corporate actuarial and retail pricing.
- Incorporate ALM views into Investment decision making process.
- Reinsurance Portfolio Monitor:
- Lead the design and implementation of Retail FWH portfolio and ALM monitoring process.
- Make recommendations for investment strategies to enhancement Retail/Reinsurance objectives.
- Reinsurance Transaction Execution:
- Support Retail reinsurance transactions by managing the asset selection process & review of investment guidelines.
- Resegmentation:
- Oversee the quarterly resegmentation process to ensure sufficient assets are backing each line of business.
- MYP and CFT Support:
- Provide support on Retail Investments for the Multi-year Projection and Cashflow Testing processes.
Experience and Education Requirements
- 7+ years of experience related to asset management, portfolio analytics, or credit research.
- Bachelor’s degree in mathematics, statistics, finance, actuarial science or related field.
- Progression towards attainment of CFA or similar professional designation is preferred.
- Life insurance product knowledge (e.g., FIA, MYGA, IUL, etc.) is preferred.
Knowledge, Skills & Abilities
- Effective verbal and written communication skills
- Superior analytical and problem-solving skills
- Team player who is comfortable working in a dynamic, entrepreneurial environment
- Proficiency with SQL, Tableau, Power BI or Alteryx is a plus.
- Proficiency with Factset, Bloomberg, Aladdin, Intex, AXIS, or similar asset modeling software is a plus.
Other Requirements
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
- Some travel required (less than 10%)
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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].
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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.