Vice President, Investment Strategy & Portfolio Management Life Insurance

Lincoln Financial•Radnor, PA

8d•$161,000 - $292,800•Hybrid

About The Position

The Vice President, Investment Strategy & Portfolio Management will lead strategic portfolio construction and investment decision-making for Life Insurance products within the General Account. This role is at the intersection of asset allocation, portfolio construction, ALM, capital management, and execution, translating business and liability objectives into actionable, resilient investment strategies. This position offers the opportunity to shape how long-dated insurance liabilities are transformed into durable, risk-adjusted returns. The VP will play a central role in aligning investment strategy with business outcomes—balancing rigor, creativity, and prudence in a complex insurance environment. The VP will serve as a senior thought partner, bringing structure, rigor, and forward-looking insight to portfolio positioning across market cycles. This is a highly visible role with responsibility for shaping how capital is deployed, risks are managed, and returns are generated within the constraints of insurance accounting, capital, and regulatory frameworks.

Requirements

10 + yrs of progressive experience in insurance investments, portfolio management, ALM, or investment strategy, preferably within an insurance general account.
Deep understanding of fixed income markets, portfolio construction, and insurance balance-sheet constraints.
Demonstrated experience working within U.S. statutory and/or Bermuda regulatory frameworks, including capital and accounting considerations.
Proven ability to synthesize complex analysis into clear recommendations for senior decision-makers.
Strong executive communication skills and comfort operating in a highly visible leadership role.

Nice To Haves

Graduate degree in Finance, Economics, Mathematics, Engineering, or a related quantitative discipline.
Advanced professional designations strongly preferred, including CFA, FSA/ASA, or comparable actuarial credentials.
Experience partnering with actuarial, pricing, and finance teams on ALM, earnings, and capital optimization.
Familiarity with portfolio analytics, modeling, and data-driven decision frameworks (Python, advanced analytics, or similar capabilities a plus).

Responsibilities

Lead the development and ongoing refinement of portfolio strategy for the Life Insurance General Account, aligned with liability profiles, product economics, liquidity needs, and capital objectives.
Translate ALM, pricing, and business inputs into strategic and tactical portfolio decisions, including asset class mix, structure selection, reinvestment strategy, and risk positioning.
Own and drive strategic and tactical portfolio decisions in partnership with CIO and senior leadership.
Partner closely with the life insurance, actuarial, finance, and risk management teams to ensure alignment across assumptions, models, and outcomes.
Oversee portfolio positioning across public and private fixed income, alternatives, and structured assets, ensuring consistency with investment guidelines and regulatory constraints.
Evaluate capital efficiency, yield enhancement opportunities, and risk trade-offs within U.S. Statutory, Bermuda, and rating-agency capital regimes.
Provide proactive guidance on portfolio implications of new product initiatives, reinsurance structures, and balance-sheet actions.
Develop and articulate views on capital markets, credit cycles, and relative value, connecting macro conditions to portfolio actions.
Identify emerging risks, concentrations, and second-order impacts; ensure a “no-surprises” posture through clear communication to senior leadership.
Partner with risk management to support stress testing, scenario analysis, and portfolio resilience assessment.
Coordinate and collaborate with business unit portfolio managers and asset class teams on implementation, rebalancing, and cash deployment priorities.
Drive consistency in portfolio analytics, performance attribution, and reporting, ensuring insights are decision-useful and senior-management ready.
Mentor and develop investment professionals, fostering strong analytical standards, accountability, and collaboration.
Foster collaboration across asset teams and enterprise partners, reinforcing a “one portfolio” mindset.
Prepare concise, board-ready materials for Investment Committee, Finance Committee, and senior management discussions.
Represent Investment Strategy & Portfolio Management in cross-functional forums spanning Finance, Actuarial, Risk, and Business leadership.
Contribute to thought leadership on insurance investing, ALM evolution, and portfolio innovation.