Job Summary
The Investment Manager will support the production of all investment related deliverables in relation to the institutional business, Pension Risk Transfer (PRT) & Funding Agreement Backed Notes, and the offshore reinsurance business. Support will include day-to-day management of the portfolio, asset/liability management, strategic and tactical asset allocation, and evaluation of new investment opportunities. A core focus of the position will be portfolio monitoring, which includes cash deployment, liquidity management, and reinvestment strategy.
This is an individual contribution position, and reports to the Director of Investments. The person in this role will interact with key members of external asset managers serving the Company, and other F&G functional team members to ensure progress and continuity of investment related projects.
Duties and Responsibilities
Inforce Management/Asset Liability Management (ALM)
- Analyze actual vs. expected new business investment deployment – develop strategies for deviations when necessary and inforce portfolio runoff.
- Monitor inforce portfolio to manage liquidity and reinvestment strategy.
- Track and report on asset liability cashflow profile & portfolio attributions in relation to risk limits and investment guidelines.
Strategic Asset Allocation (SAA)/New Business Planning
- Support the design and implementation of Strategic Asset Allocation in relation to the three core institutional business lines as well as the offshore reinsurance business.
- Support new business asset allocation framework coordinating with external asset managers and key internal stakeholders to forecast future purchases.
Tactical Asset Allocation (TAA)
- Support intra-year optimization around the asset allocation strategy to support product specific pricing.
Investment Operations
- Liaise with Treasury/Middle Office/Investment Accounting to ensure trade activity is flowing appropriately to downstream systems.
- Improve operational efficiency of the cash management process.
- Detect and correct data errors coming from the existing database.
- Coordinate, automate and manage consolidated reporting for the Company’s investment portfolio.
- Help communicate investment directives and needs to the external asset managers in a timely and regular manner.
- Collaborate cross-functionally across departments such as Actuarial and Finance FPA to communicate investment activity for use in actuarial modeling and corporate planning and analysis.
- Provide ad-hoc analytical requests.
- Responsible for assisting in the training of analysts/interns, as appropriate.
Experience and Education Requirements
- Bachelor’s degree in mathematics, economics, investments or related field
- 7+ years of investment-related experience
- CFA and/or ASA designation preferable
Knowledge, Skills & Abilities
- Advanced technical and financial modeling skills with the ability to automate/streamline current processes
- Effective verbal and written communication skills
- Superior analytical and problem-solving skills
- Proficiency in MS Excel and PowerPoint
- Familiarity with Access/database, SQL, VBA, Bloomberg and FactSet (or similar)
Other Requirements
- Perform other functions, duties and projects, as assigned
- Regular and punctual attendance
- Ability to travel up to 25%
#IND-HP
#LI-MK1
#LI-Remote
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
Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy.
Top Skills
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.
_0.jpg)
