About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).
About Investments
Our investments team manages RenaissanceRe’s $29 billion investment portfolio, allocating our assets, either directly or through investment managers, to deliver alpha against our strategic benchmark. We invest in a diverse range of assets from treasuries and corporate bonds to equities and private credit to provide capital and liquidity for underwriting risk and paying claims. Our investment portfolio is one of RenaissanceRe’s “Three Drivers of Profit”, along with underwriting income and fees, providing $1.2 billion in net investment income in 2023 to benefit our shareholders and joint venture partners.
About Investments Operations
The Investments Operations team is responsible for supporting all Investments middle office activities, including trade support and settlement, counterparty maintenance, compliance, bank account management, data reconciliations and reporting, and performance and attribution. The team supports and works closely with Investments, Treasury, Finance, among other departments to ensure complete and accurate representation of our investments portfolio.
Investment Operations is expanding to support the growing business demands. We are focused on increasing scalability through digitalization, automation, and streamlining processes to enable continued excellence in delivering to our clients, partners, stakeholders, and employees. This is an exciting opportunity to join the transformation journey, work directly with the core Investments team, external managers, and on the BlackRock Aladdin platform
About the Position
Reporting directly to the VP, Investment Operations, the Senior Portfolio Administrator – Investments Operations will be primarily responsible for Account Management and portfolio, manager, and broker onboarding. RenaissanceRe has grown significantly over the past few years, both organically and through strategic acquisitions; our portfolio has grown in parallel. This role will support increased investment activities and provide oversight on investment-related transactions. The successful candidate will work with internal and external stakeholders to ensure coordination and completeness of investments transactions workflows. In addition, this person will be a primary liaison for our 300+ custody and trustee relationships, providing administrative support, including account on- and off-boarding, cash and security transaction, responding to related queries, and coordinating same with the investment manager.
The Senior Portfolio Administrator - Investments Operations, is based in the Bermuda office and will work collaboratively with team members in Dublin and New York.
Key Relationships
Reports to: VP, Investment Operations
Key Stakeholders & Partners: Treasury, Investments, Capital Partners; externally, custodians, third party managers, trustees, and service providers
Key Responsibilities:
Coordinate and oversee investment portfolio activities to support business needs, including management of asset and cash transfers, administration of custody accounts, and other custody-related activities.
Serve as primary point of contact with the Investments Portfolio Management team to facilitate portfolio transactions and operational support of the investment portfolios, including on- and off-boarding investment portfolios and overseeing the investment process
Coordinate with Investments team, other internal stakeholders, and third parties, including custodians and third-party managers, to manage ongoing administration, account queries, and general account management
Manage the onboarding process for investment mandates; work with sub-teams to facilitate Investment Management Agreement (IMA) onboarding; coordinate documentation and updates with external managers; ensure completeness of processes and documentation
Provide internal trading support, providing desk coverage as after-hour support and as needed, for the trade settlement processes
Candidate Qualifications:
Minimum of 4+ years of relevant experience in Investments or Finance Operations/Banking or similar role within the financial services industry
Knowledge of investment markets and financial products required with experience in fixed income markets
Strong understanding of banking or financial market operations.
Proficient in MS office with strong Excel skills
Self-motivated and able to work independently
Strong analytical skills with attention to detail
Experience and knowledge of BlackRock Solutions Aladdin an advantage
Bachelor’s degree expected, ideally in Finance, Business Administration, or equivalent demonstration of markets knowledge and analytical capabilities
We believe that meeting these requirements will position you for success in the role. However, if you fulfill most – but not all – of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenRe’s policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Top Skills
What We Do
RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving.
Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval.
We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild.
Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives.
RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business
