Head of Portfolio Management, Insurance Solutions - Managing Director

Blue Owl Capital•Linglestown, PA

1d•Onsite

About The Position

Blue Owl Insurance Solutions (BOIS) is Blue Owl’s insurance-focused asset management business, partnering with insurance companies to deliver customized investment solutions across private credit, asset-based finance, real estate, and other alternative asset classes. BOIS uses Blue Owl’s global platform, origination capabilities, and investment expertise to help insurers meet return, capital, and liability-management objectives. As of June 30, 2026, BOIS serves nearly 100 insurance clients and manages more than $30 billion in insurance-related assets. The Head of Portfolio Management, Insurance Solutions will lead portfolio construction, oversight, and management across the BOIS platform, including portfolio strategy, asset allocation, investment implementation, mandate governance, and performance across insurance separately managed accounts and related vehicles. Reporting to the CIO, Insurance Solutions, the role translates client objectives into portfolio solutions while accounting for regulatory, capital, accounting, liquidity, and liability-management considerations. The role works closely with Blue Owl investment teams across Credit, Asset-Based Finance, GP Strategic Capital, Real Assets, and other platforms to source and deploy investments suited to insurer-specific objectives. The successful candidate will bring substantial expertise in insurance investment management, portfolio construction, capital optimization, and institutional client engagement. The role will build and lead a portfolio management team, develop investment processes and governance frameworks, and serve as a trusted advisor to insurance clients and senior management. This New York-based position is in office Monday through Thursday.

Requirements

Bachelor’s degree in Finance, Economics, Accounting, Mathematics, Engineering, or a related field.
At least 10 years of portfolio management, insurance asset management, institutional investing, or related experience.
Significant experience managing institutional portfolios, insurance general account assets, or large-scale separately managed accounts.
Deep understanding of insurance company investment portfolios, liability profiles, statutory accounting frameworks, and regulatory capital regimes.
Expertise across fixed income, private credit, structured products, asset-based finance, real estate debt, and alternative investments.
Strong knowledge of NAIC RBC, LICAT, BMA, Solvency II, and other insurance capital frameworks.
Demonstrated ability to construct and manage multi-billion-dollar portfolios subject to complex investment guidelines and regulatory constraints.
Experience presenting to investment committees, boards, executive management teams, consultants, and institutional clients.
Ability to partner effectively with origination, underwriting, risk, operations, and client-facing teams.
Strong commercial mindset and experience supporting business development and client growth initiatives.
Exceptional communication and relationship management skills.
Track record of attracting, developing, and retaining high-performing investment professionals.
Strong judgment and investment acumen, with the ability to make decisions in a dynamic, fast-paced environment.
Leadership presence and credibility to represent BOIS internally and externally.

Nice To Haves

MBA, CFA, FSA, or another advanced professional designation.

Responsibilities

Lead day-to-day portfolio management across insurance mandates and keep portfolios aligned with client objectives and constraints.
Manage investment pipelines and asset allocation to support efficient deployment of client capital.
Lead portfolio construction and asset allocation, balancing return objectives, capital efficiency, liability profiles, liquidity needs, and risk tolerances.
Develop portfolio implementation strategies using Blue Owl capabilities across private credit, asset-based finance, real estate, GP Strategic Capital, and other alternative asset classes.
Oversee portfolio positioning, including duration, sector and rating allocation, liquidity, and diversification.
Evaluate new investment strategies and product opportunities for insurance portfolios.
Partner with product development and investment teams to design solutions for evolving client needs.
Represent BOIS as its primary investment contact with insurance clients and key stakeholders.
Present portfolio strategy, performance, market views, and recommendations to senior client audiences and investment committees.
Lead quarterly and annual portfolio reviews, covering deployment, portfolio statistics, and capacity.
Work with client coverage teams to strengthen relationships and identify additional mandates and services.
Support due diligence meetings, portfolio reviews, and client reporting discussions.
Advise investment teams on insurance portfolio requirements, capital considerations, accounting treatment, and investment structures.
Participate in investment committees and portfolio allocation discussions.
Coordinate portfolio demand, capital availability, and investment priorities with origination teams.
Develop scalable processes for introducing new investment capabilities to insurance portfolios.
Evaluate investment opportunities with structuring and origination teams for accounting treatment, capital implications, and portfolio fit.
Maintain knowledge of insurance regulation, accounting standards, rating agency methodologies, and market practices.
Provide portfolio-level insights on capital efficiency, liquidity, earnings generation, and balance-sheet impact.
Design, negotiate, and implement investment guidelines for new and existing clients.
Establish processes for pre-trade and post-trade compliance, exception management, concentration monitoring, and guideline interpretation.
Ensure portfolio activity complies with client mandates, regulatory requirements, and fiduciary obligations.
Partner with Compliance, Risk Management, and Legal on governance and oversight.
Partner with Institutional Capital and client coverage teams on business opportunities and mandate pursuits.
Contribute to RFP responses, due diligence materials, portfolio proposals, asset allocation studies, and prospective-client presentations.
Support development of new insurance investment products and portfolio solutions.
Help establish BOIS as a leading provider of investment solutions to insurance companies globally.
Build, lead, and develop a high-performing insurance solutions portfolio management organization.
Establish team structure, responsibilities, career pathways, and performance expectations.
Mentor portfolio managers and analysts and foster investment excellence, accountability, and collaboration.
Improve portfolio management processes, systems, and analytics capabilities.
Partner with Human Capital on recruiting, talent development, succession planning, and organizational growth.

Benefits

Health insurance
Dental insurance
Vision insurance
401(k)
Healthcare and Dependent Care Flexible Spending Account
Short-term disability insurance
Long-term disability insurance
Family Planning Support
Paid Time Off
Leave of Absences
Employees may be eligible for a discretionary bonus based on factors such as individual and team performance.