Portfolio Manager I

12h12 hours ago

Reinsurance Group of America

London, GB · Full-time · £120,000 – £180,000

About this role

RGA is a purpose-driven Fortune 200 company and the only global reinsurer focused primarily on life- and health-related solutions. As a Portfolio Manager I on the Investment Solutions team, you will develop and execute liability-driven investment strategies that support the acquisition of new reinsurance business.

In this role, you will craft target portfolio strategies for live deals, working to optimize excess yield versus capital within regulatory, accounting, and risk management constraints. You will negotiate investment guidelines and treaty terms with clients, and direct the repositioning of portfolios from client strategy to RGA's target strategy.

You will collaborate closely with the Credit team and other cross-functional areas to determine the best path to execution, including analysis of client portfolios. The role also involves developing relationships with external contacts and directing the efforts of analysts to support transactions.

This position offers the opportunity to lead all aspects of asset strategy and asset risks underlying new reinsurance opportunities. You will also suggest and review new tools and frameworks to improve the new business pricing process, contributing to RGA's mission of making financial protection accessible to all.

Requirements

CFA and/or Actuarial qualification and 10+ years relevant work experience, or Bachelor’s degree in Economics/Finance related field with 15+ years relevant work experience.
Highly advanced understanding of investment/market concepts, especially fixed income analytics (sector weightings, portfolio duration, performance attribution, convexity and term structure of interest rates, spread).
Highly advanced knowledge of asset liability management.
Technology savvy with programming and process improvement/automation skills.
5+ years corporate credit experience.
5+ years alternative investment experience.
5+ years fixed income management experience in an insurance client environment.
Expert understanding of investment/market concepts.

Responsibilities

Develop transaction-specific asset and hedging strategies that optimize excess yield vs. capital within regulatory, accounting, operating and risk management constraints.
Support development of asset and credit related pricing assumptions for Asset Intensive transactions, Structured Reinsurance transactions and upfront cash settled transactions involving credit risk.
Craft target portfolio strategy for live deals to deliver the required risk-adjusted return in partnership with the rest of the Investments team.
Work with Credit team to determine best path to execution, including analysis of the client’s existing portfolio and creation of a target portfolio.
Negotiate investment guidelines and treaty terms with clients to deliver flexibility necessary to manage asset risk and generate target return.
Direct the repositioning 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.

Benefits

Opportunity to work on impactful, purpose-driven projects at a Fortune 200 company.
Join a multinational team of intelligent, motivated, and collaborative people.
Be part of the only global reinsurance company focused primarily on life- and health-related solutions.
Contribute to making financial protection accessible to all.