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
#LI-MK1
#LI-Remote
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 talentacquisition@fglife.com.
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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