AVP, Portfolio Manager

The Assistant Vice President, Insurance Portfolio Manager is a core investment professional within the Insurance Portfolio Management (IPM) team, supporting the construction, oversight, and day-to-day management of customized insurance company portfolios. The role is focused on translating insurance client objectives, balance-sheet constraints, and regulatory considerations into portfolio construction decisions across public and private fixed income markets, under the guidance of senior portfolio managers.

This position is intended for a developing portfolio manager with a strong foundation in fixed income markets and a growing understanding of insurance investment frameworks. The role combines hands-on portfolio analytics and execution with increasing responsibility for client support, cross-sector coordination, and independent judgment.

Portfolio Construction & Management Support

• Support the design, implementation, and ongoing management of multi-sector fixed income portfolios for life and P&C insurance clients, aligned with liability profiles, capital objectives, liquidity needs, and risk tolerances.
• Assist in translating investment guidelines, ALM targets, and regulatory constraints into portfolio construction inputs, including sector allocation recommendations, structure selection, and risk positioning.
• Execute portfolio rebalancing, cash deployment, turnover management, and trade implementation in coordination with senior portfolio managers, trading desks, and sector teams.
• Perform relative value analysis across public and private fixed income asset classes, incorporating spread, capital efficiency, liquidity, and downside risk considerations.

Insurance Frameworks & Portfolio Surveillance

• Apply working knowledge of insurance regulatory and accounting frameworks, including NAIC RBC, statutory accounting (SAP), and U.S. GAAP, to portfolio analysis and reporting.
• Monitor portfolios for guideline compliance, concentration limits, capital usage, and performance attribution; escalate issues and recommendations to senior portfolio managers as appropriate.
• Support portfolio surveillance, stress testing, and risk reporting processes used across insurance mandates.
• Assist in maintaining and enhancing portfolio analytics, dashboards, and reporting tools.

Client & Stakeholder Support

• Support senior portfolio managers in servicing insurance clients, including preparation of investment reviews, portfolio commentary, ad hoc analyses, and responses to client inquiries.
• Participate in client meetings, investment committee discussions, and due diligence sessions, contributing analytical insights and portfolio detail.
• Assist with RFP responses, pitch materials, and the development of proposed insurance investment solutions.

Cross-Functional Coordination & Development

• Coordinate investment activity across asset sector teams to support portfolio objectives and timely execution.
• Work closely with risk, operations, accounting, compliance, and data teams to resolve portfolio, reporting, or data issues.
• Mentor and collaborate with analysts, contributing to team knowledge-sharing and analytical rigor.
• Identify opportunities to improve portfolio construction workflows, analytics, and automation as experience and responsibility grow.

• Bachelor's degree in Finance, Economics, Accounting, Mathematics, Engineering, or a related quantitative discipline required.
• Approximately 47 years of relevant experience in fixed income portfolio management, portfolio analytics, or related investment roles; insurance company general account experience preferred but not required.
• Solid foundation in public and private fixed income markets, including corporate credit, securitized products, and structured investments.
• Working knowledge of insurance investment considerations, including NAIC RBC, statutory and GAAP accounting, and asset-liability management concepts.
• Progress toward or completion of the CFA designation strongly preferred.
• Strong analytical and quantitative skills, with the ability to evaluate risk, return, and capital trade-offs.
• Clear written and verbal communication skills, with the ability to present analyses to senior team members and clients.
• Collaborative, detail-oriented professional with a strong work ethic and desire to grow into a senior portfolio management role.