Portfolio Manager - Structured Assets

Venerable•Des Moines, PA

1d•Hybrid

About The Position

As a Portfolio Manager, you will contribute to and support the management of Venerable's investment strategies and portfolios. This includes understanding all aspects of the investment portfolio, analyzing investment strategies, advising and interfacing with external Investment Managers as well as internal Venerable Finance, Risk, Investment Operations, Treasury, and Actuarial teams, and supporting the Head of Investment Management’s direct relationship with senior executives. The incumbent will assume specific portfolio management responsibility for fixed income investments, with an emphasis on structured and securitized asset classes, portfolio construction, credit oversight, liquidity management, and asset-liability management within an insurance company framework.

Requirements

Bachelor’s degree in Business, Finance, Risk Management, Actuarial Science, Economics, Data Analytics, or related field.
Minimum 7 years of fixed income investment experience.
Strong experience analyzing and managing structured or securitized assets including ABS, RMBS, CMBS, and CLOs.
Demonstrated knowledge of fixed income instruments, credit analysis, portfolio management, derivatives, ALM, insurance regulations, and capital frameworks.
Strong understanding of fixed income markets and risk measures including duration and OAS.
Advanced understanding of structured finance cash flow analysis.
Knowledge of insurance investment portfolio management.
Experience with Bloomberg, Intex, Aladdin, or similar systems.
Highly analytical with strong communication and problem-solving skills.
Ability to deliver results under pressure and manage multiple priorities.
Strong collaboration and stakeholder management skills.
Well versed in Microsoft Office applications, particularly Excel and PowerPoint.

Nice To Haves

Variable annuity experience is a plus.
CFA, progress toward CFA, MBA, or similar designation preferred.

Responsibilities

Maintain day-to-day relationships with and provide guidance to external investment managers responsible for Venerable investment portfolios.
Assume portfolio management responsibility and ownership for a segment of the investment portfolio, with a focus on structured and securitized fixed income investments, including ABS, RMBS, CMBS, CLOs, and other structured credit sectors.
Contribute to and lead the development of strategic and tactical asset allocation recommendations supporting Venerable products and liability profiles.
Contribute to and lead the analysis, management, and oversight of fixed income asset classes and holdings, including identification, recommendation, and implementation of investment opportunities.
Perform in-depth credit analysis and surveillance of fixed income and structured asset exposures.
Leverage analytical platforms such as Bloomberg, Intex, Aladdin, and other portfolio analytics tools.
Contribute to and lead Venerable’s liquidity management activities.
Manage compliance with Investment Management Agreements, Investment Guidelines, and Investment Policies.
Interface with Risk, Investment Operations, Treasury, Finance, Actuarial, and Investment Accounting teams.
Interface with Venerable senior management to provide investment analysis and recommendations.
Maintain a strong understanding of product liability structures, asset-liability management requirements, and legal entity considerations.
Demonstrate understanding of investment income, earnings, capital, and other financial metrics.
Analyze portfolio cash flows, duration, spread risk, liquidity, and ALM considerations.
Report on portfolio performance, investment activity, and risk exposures.
Partner with external investment managers to understand, manage, and monitor risks and opportunities.
Contribute to committee, management, and board reporting.
Provide guidance on portfolio transactions and investment recommendations.
Evaluate portfolio risk exposures across interest rate, spread, liquidity, and structured credit sectors.
Assess interaction between investment portfolios, liabilities, and enterprise risk objectives.
Participate in analyses supporting hedging strategies and risk mitigation initiatives.
Obtain knowledge concerning industry and peer activities and trends relating to insurance investment portfolios.
Monitor developments in structured credit markets, insurance asset management practices, regulatory frameworks, and capital treatment of investments.
Demonstrate understanding of implications for Venerable’s portfolios and business strategy.
Mentor junior investment professionals and contribute to team development.