Why choose Palomar?
Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes the best and brightest to our thriving team. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.
Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.
Want to learn more about our exciting journey? https://ir.plmr.com/corporate-profile/default.aspx
We are Hiring!
VP, Investments
Location: La Jolla, CA
The Details:
Reporting to the Executive Vice President of Investments, the VP, Investments will focus on developing and implementing major aspects of the investment strategy for Palomar’s $1.3 billion investment portfolio. As a leader on the investment team, the position will be responsible for overseeing several of the major investment portfolio decisions, a portion of which will be in coordination with third-party asset managers. Responsibilities will include both individual security selection as well as broader asset allocation and sector decisions. The position will also be responsible for sourcing and managing new potential relationships with specialist asset managers and optimizing the management of Palomar’s cash and cash equivalents.
What will you do:
- Collaborate as one of the lead members of an investment team overseeing a $1.3 billion multi-asset portfolio spanning both public and private market strategies.
- Develop, evaluate, and recommend long term asset allocation strategies to optimize yield while maintaining a strong focus on capital preservation and liquidity.
- Execute security-selection decisions over shorter time horizons, participate in new-issue evaluation and pricing, and implement tactical adjustments to portfolio positioning.
- Design, review, and recommend strategies for cash investment, cash pooling, and collateral management to ensure optimal use of resources.
- Lead the development and implementation of Investment Policy updates aligned with business objectives and growth priorities.
- Monitor and evaluate investment manager performance and direct manager selection processes when new mandates are required.
- Mentor, educate, and support emerging talent on the portfolio management team.
What we are looking for:
- Bachelor's degree in finance, accounting, economics or other business-related field, but flexible if experience and requirements are met
- 5+ years of fixed income investment management experience
- Strong understanding of fixed income instruments and investment strategies including investment grade and high yield corporate credit, mortgage-backed securities, structured credit, municipals, equities including preferred equities, and alternatives including both private equity and private credit, etc.
- Strong analytical skills with the ability to conduct in-depth research and make convicted investment decisions, following comprehensive research and analysis.
- Investment experience both at the security level and the broad sector and asset level with an understanding of credit and duration risk within an asset liability framework
- Advanced experience with Bloomberg, Microsoft PowerPoint, Word and Excel
- Experience establishing and fostering relationships with external parties.
We love people who want to:
- Build strong relationships through transparency, trust, and respect for each other.
- Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
- Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
- Do the right thing with strong conviction and integrity.
- Be bold and innovative to help make an impact.
- Demonstrable track record of working autonomously and driving progress
- Be intellectually curious, think creatively, and pragmatic
If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar!
What will you get in return?
- Full Suite of Medical Benefits
- Long Term Financial Incentives – STOCK!
- 401k with 3.5% Automatic Fully Vested Employer Contributions
- Competitive PTO + Holiday Program
- Lifestyle Spending Allowance
- Professional Development Assistance
- Career Exploration Opportunities
- Regular company-wide social events (even virtually!)
- To learn more visit us at www.plmr.com
Diversity at Palomar
At Palomar, we are committed to diversity, equality and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.
We believe that diversity, equality and inclusion yields greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them.
Accommodations:
Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.
For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer.
No phone calls or agency solicitation please
CCPA Job Applicant:
Pay Range: $215,000 - $315,000
The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above.
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Top Skills
What We Do
As leaders in risk management for earthquakes, hurricanes, floods and other disasters, we take a fresh perspective on specialty property insurance. Palomar was founded in 2014 by seasoned insurance leaders with a vision for a better way to protect individuals and businesses with innovative specialty property insurance solutions. Our leadership team combines extensive insurance experience and expertise in specialty underwriting, reinsurance, program administration, distribution and analytics. Every home, every business and every neighborhood is unique so Palomar uses more accurate risk measures and an extensive partner network to write tailored, geographically differentiated policies. Our goal is to provide every customer with economic resiliency.
