Sr. Director, Insurance Portfolio Management

National Life Insurance Company•Montpelier, VT

1d•$206,250 - $302,500

About The Position

This role is responsible for managing the insurer’s investment portfolio to ensure optimal risk-adjusted returns while aligning with liability profiles, regulatory requirements, and capital constraints. This role monitors asset allocation including fixed income and alternative investments, liquidity management, and asset-liability matching strategies to support the company’s long-term financial stability. Specifically, the role will manage underlying portfolio exposure for life and annuity product lines including Index Universal Life, Fixed Index Annuities and the operating leverage program. The position requires strong knowledge of insurance balance sheets, regulatory frameworks, and institutional portfolio management principles.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, or related field.
5–12+ years of experience in institutional asset management, insurance investments, or fixed income portfolio management.
Strong understanding of insurance balance sheets and statutory accounting.
Experience with ALM frameworks and capital modeling.
Deep knowledge of fixed income markets (corporates, sovereigns, structured products).
Understanding of regulatory capital treatment of assets.
Proficiency in Excel, Bloomberg, and portfolio management systems.
Strong quantitative and analytical skills.
Strategic thinking with strong risk awareness.
Excellent communication and presentation skills.
Ability to interact with executive leadership and board members.
Portfolio allocation and transaction/trading experience.

Nice To Haves

MBA or Master’s degree preferred.
CFA charterholder (from CFA Institute) strongly preferred.

Responsibilities

Manage fixed income, equity, and alternative investments in line with risk appetite.
Optimize portfolio duration and credit quality to align with insurance liabilities.
Monitor portfolio performance against benchmarks and internal targets.
Collaborate with actuarial teams to ensure asset-liability matching.
Conduct duration exposure analysis to actively manage to targets.
Support capital efficiency initiatives and surplus optimization.
Monitor market, credit, liquidity, and concentration risks.
Ensure compliance with insurance regulatory investment guidelines.
Present asset class reviews to investment committee.
Present analysis on yield, spread movements, total return, and risk metrics.
Track key metrics such as yield-to-maturity, duration, convexity, and capital charges.