Director, Portfolio Management

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care—and we bring those experiences with us to work in serving our millions of policyholders each day. 

We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.

Our four values guide our strategy, our decisions, and our interactions:

• Make it human. We care about the people that make up our customers, colleagues, and communities.
• Make it about others. We do what's best for our customers and collaborate to drive progress. 
• Make it happen. We work with intention toward a common purpose and forge ways forward together. 
• Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

POSITION TITLE

Director, Portfolio Management

POSITION LOCATION

Stamford, CT

YOUR ROLE

As a direct report to Genworth's Head of Portfolio Management, the Director, Portfolio Management will be responsible for the management of key insurance business line portfolios. You will be responsible for evaluating and recommending strategic and tactical investment opportunities, primarily in fixed income. The position will be expected to influence strategy decisions for Genworth’s $55B general account portfolio. The position will play an active role in the supervision of the portfolio in accordance with the company’s unique ALM needs, risk-return objectives, and governing documents. The position will interact extensively with business line partners and asset class specialists. The ideal candidate will have a deep quantitative and analytical background and be a skillful conduit of solutions/ideas. You will need fixed income expertise, proficiency in asset allocation and ALM, creativity and strong communication skills.

What you will be doing

Develop insurance portfolio strategy with focus on ALM, Stat income, risk-based capital and risk

• Design strategies to support new business initiatives, legacy blocks and reinsurance transactions
• Communicate potential strategies, actions and results with key business partners and senior management
• Prepare and deliver presentations seeking committee approval for key investment strategies
• Partner with internal trading and research teams to implement strategy, making tactical adjustments in response to market and business developments
• Closely monitor and adapt to insurance industry and regulatory developments
• Understand strategy implications for asset adequacy testing performed by Actuarial
• Incorporate derivative strategies as needed
• Manage portfolios to maintain compliance with investment guidelines and reinsurance trust requirements

What you bring

• Bachelor’s degree required. MBA or other advanced degree preferred.
• 10+ years experience working within investments and asset management organizations
• Deep quantitative and analytical background; CFA and/or actuarial credentials strongly preferred
• Strong understanding of insurance, accounting, and regulatory issues that drive investment management decisions
• Skills commensurate with holding a technical role in an insurance, insurance asset manager, or capital markets/sell side business
• Strong fixed income knowledge including bond math, spreadsheet skills and facility with systems
• Asset class expertise including credit, structured, private credit, commercial real estate, and alternatives
• Deep knowledge of the portfolio management process for an insurance company or pension
• Excellent written / verbal communications skills and the ability to present effectively to leadership at all levels
• Strong functional capability with Microsoft Office (Excel, Word, PowerPoint, Outlook) and Bloomberg

Employee Benefits & Well-Being

Genworth employees make a difference in people’s lives every day. We’re committed to making a difference in our employees’ lives.

• Competitive Compensation & Total Rewards Incentives
• Comprehensive Healthcare Coverage
• Multiple 401(k) Savings Plan Options
• Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
• Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
• Disability, Life, and Long Term Care Insurance
• Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
• Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
• Caregiver and Mental Health Support Services

ADDITIONAL

• At this time, Genworth will not sponsor a new applicant for employment authorization for this position.

For the State of New York:

The base salary pay range for this role starts at a minimum rate of $149,400 up to the maximum of $298,200.  In addition to your base salary, you will also be eligible to participate in an incentive plan. The incentive plan is based on performance and the target earning opportunity is 80% of your base compensation.  The final determination on base pay for this position will be based on multiple factors at the time of this job posting including but not limited to geographic location, experience, and qualifications to ensure pay equity within the organization.