Portfolio Manager 1, Investment Solutions

4 weeks ago


Des Moines, United States Reinsurance Group of America Full time

The Investment Solutions team develops, recommends, and executes liability driven investment strategy, including portfolio construction and repositioning to support the acquisition of new reinsurance business. These strategies and associated portfolios must meet business needs (sufficient return on capital, regular investment income), while considering RGA’s appetite for investment risk, execution risks, and asset-liability matching. The Portfolio Manager (II) acts as a “deal lead”, responsible for all aspects of the asset strategy and asset risks underlying new reinsurance opportunities. Responsibilities Develops transaction specific asset and hedging strategies that optimize excess yield vs. capital within regulatory, accounting, operating and risk management constraints. Develops asset and credit related pricing assumptions for Asset Intensive transactions, Structured Reinsurance transactions and upfront cash settled transactions involving credit risk to RGA. Craft target portfolio strategy for a given opportunity to deliver exceptional risk-adjusted return for the transaction in partnership with Portfolio Management. Work with Credit team to determine best path to execution, including analysis of the client’s existing portfolio and the creation of a target portfolio given the portfolio strategy. Communicate the target portfolio strategy to various interested parties within RGA, including the C-suite, and gain approval for the target strategy. Negotiate investment guidelines and treaty terms with clients to deliver the flexibility necessary to manage asset risk and generate target return. Lead efforts to close the asset side of the transaction, including operational aspects of receiving the client portfolio. Direct the reposition required to move from the client’s portfolio strategy to RGA’s target strategy. Suggest and review new tools and frameworks to improve new business pricing process. Develop relationships with external contacts and internal cross-functional areas. Direct the efforts of analysts to support the transaction. Perform other duties as assigned. Requirements Education and Experience Required: MBA graduate and at least 5 years relevant work experience Or Bachelor’s degree in Economics/Finance related field with 5-10 years relevant work experience. Preferred: CFA or significant progress towards. Technology savvy, programming and process improvement/automation skills. + years corporate credit experience. 5+ years alternative investment experience. 5+ years fixed income management experience in an insurance client environment. Skills and Abilities Required: Highly advanced investigative, analytical and problem solving skills. Highly advanced Microsoft Office skills, especially Excel. Advanced Bloomberg skills. Advanced oral and written communication skills demonstrating ability to share and impart knowledge. Advanced negotiation skills to assist with internal/external discussions. Advanced customer relationship management and change management skills. Highly advanced understanding of investment/market concepts, especially fixed income analytics (i.e. sector weightings, portfolio duration, performance attribution, convexity and term structure of interest rates, spread). Highly advanced knowledge of asset liability management. Advanced ability to set goals and handle multiple tasks, clients, and projects simultaneously. Advanced ability to work well within a team environment and participate in department/team projects. Preferred: Expert understanding of investment/market concepts, especially in the context of insurance asset management. Demonstrable track record of the successful implementation of investment strategies, especially in an insurance or reinsurance context. #J-18808-Ljbffr



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