Head of Alternative Investments

Transamerica•Cedar Rapids, IA

4d•Onsite

About The Position

This role will manage and optimize a portfolio of alternative investments within the General Account ensuring strategy execution, portfolio construction, and performance oversight align with enterprise investment objectives, risk appetite, and liability profile.

Requirements

Bachelor’s degree in finance, economics, business, or related field
Twelve years of experience in alternative investments, investment management, or related financial services roles
Leadership experience in portfolio management with understanding of alternative investment strategies
Strong analytical, communication, and stakeholder management skills
Proficient in financial modeling, data analysis, and portfolio management and analytics tools, including Microsoft Excel

Nice To Haves

Experience within a United States life insurer investment organization
Experience investing in asset managers, including ownership stakes or strategic partnerships
Master of Business Administration (MBA)
Charted Financial Analyst (CFA)
Chartered Alternative Investment Analyst (CAIA)

Responsibilities

Develop and execute investment strategies across alternative asset classes aligned with portfolio objectives and capital strategy.
Lead portfolio construction, asset allocation, and optimization decisions across alternative investments.
Source, evaluate, diligence, and select third-party asset managers and investment partners.
Oversee external manager onboarding, governance, and ongoing compliance with investment guidelines and mandates.
Analyze investment opportunities across alternative strategies and recommend transactions that support risk and return objectives.
Structure and evaluate complex transactions and investment vehicles, including terms, risks, and operational considerations.
Monitor performance, risk exposures, and key return drivers using portfolio analytics and modeling; identify underperformance risks and recommend corrective actions.
Prepare quarterly and ad hoc portfolio performance and risk reporting for senior leadership and key stakeholders.
Conduct benchmarking, market, and sector analysis to inform investment decisions and portfolio strategy.
Lead, coach, and develop team members and support other portfolio managers as needed.

Benefits

Competitive Pay
Bonus for Eligible Employees
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs