Director, Investments

Job Summary

The Director, Investments will report to the Deputy CIO and work with the broader investments team to project manage and help produce all investment-related deliverables, including researching new investment ideas, strategic asset allocation (SAA) and tactical asset allocation (TAA), day to day management of the portfolio, and reporting for all internal and external stakeholders (Board, Investment Committee (IC), rating agencies etc.).

This position will have direct reports and will interact with key members of external asset managers serving the Company. They will also interact with other F&G functional team members to ensure progress and continuity of investment related projects.

Duties and Responsibilities

• Lead the new investment due diligence for the team, and liaise with internal cross-functional teams to ensure it is suitable for an insurance balance sheet.. Project manage process from ideation to implementation. Improve the decision-making process, including documentation.
• Lead strategic portfolio initiatives such as derivatives implementation that provide F&G and the investment team with the tools and flexibility to improve economic outcomes for the business
• Support internal company-wide initiatives such as ESG, ICOLI and Corporate Development, as needed
• Support communication of investment directives and needs to the external asset managers in a timely and regular manner, including assessment and execution of tactical asset allocation decisions
• Cash management – Lead daily cash management and improve automation, efficiency and data driven capabilities
• Lead all investment related elements of the FHLB program
• Lead, develop, and enhance the investment FP&A function as it relates to investment portfolio forecasting and multi-year plan
• Run peer benchmarking anlysis & monitor peer practices & new developments, and report
• Monitor, track & report on regulatory & rating agency developments
• Serve as project manager and assist with the production of investment related deliverables, as needed
• Contribute to the definition of investment guidelines to reflect market changes and liability needs, identifying opportunities to enhance value while assessing and managing emerging risks in the portfolio
• Provide day-to-day management of the portfolio
• Provide ad-hoc analytical requests

Experience and Education Requirements

• Bachelor’s degree in mathematics, economics, investments or related field.
• 8+ years of related experience with a minimum of 3 years experience working within or with the investments team of an insurance companyExperience managing a team preferred
• CFA and/or ASA designation preferred
• Experience with life/annuity company liabilities preferred

Knowledge, Skills & Abilities

• Knowledge in fixed income portfolio management, and exposure to other general account assets – i.e. structured assets, real estate, alternatives
• Demonstrated strong asset modeling skills with the ability to automate/streamline current processes
• Ability to lead and manage large-scale projects & teams and manage competing priorities
• Understanding of STAT and GAAP accounting frameworks
• Understanding of insurance capital frameworks
• Strong collaborator with demonstrated project management skills
• Strong capabilities in MS Excel and Bloomberg,
• Strong capabilities in Tableau, SQL Programming, and Aladdin (or similar modeling and investment systems) is preferredEffective verbal and written communication skills
• Superior analytical and problem solving skills
• Team player who is comfortable working in a dynamic, fast-paced entrepreneurial environment
• Ability to work cross functionally

Other Requirements

• • Perform other functions, duties and projects as assigned
  • Regular and punctual attendance
  • Ability to travel up to 30%

#IND-HP

Additional Information

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

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