VP I, Investments

Enstar Group•New York, NY

122d•Remote

About The Position

The VP Investments will assist the Regional CIO in monitoring existing regional investment portfolios, constructing optimal investment portfolios and yield projections for M&A pricing, and generating new strategic and tactical ideas for portfolio implementation. Enstar’s assets under management total approximately $20 billion across three primary regions: US, UK, and Bermuda.

Requirements

8+ years of minimum experience in an insurance company asset management.
Thorough understanding of investment management, strategic asset allocation, tactical asset allocation, and capital markets.
Understanding of the portfolio construction process and the information required to make asset allocation decisions.
Experience working with external asset managers (or internal portfolio managers) in the development of benchmarks, portfolios, and efficient frontiers.
Undergraduate Degree required.
Strong quantitative skills necessary in the portfolio construction and risk measurement process.
Strong verbal communication skills required for investment committee, BoD, regulatory, and rating agency presentations and communication.
Strong written communication required for proposal development and email communication with various teams located in different time zones.
Ability to prioritize commitments and time management is a significant requirement.
Ability to use Excel and PowerPoint is critical.
Strong collaborator with other functional areas and executive management to ensure consistency and efficiency of approach.
Ability to handle conflict of opinions and drive through effective decision making.

Nice To Haves

Advanced degree preferred.
Educational concentration in finance, economics, statistics, or a related field is preferred.
CFA designation is preferred.
Experience and understanding of core fixed income asset classes as well as non-core asset classes, including: public equity, private equity, real estate, hedge funds, infrastructure, CLO equity, high yield, bank loans, emerging market debt, and other investments.
Understanding of capital markets and insurance capital regimes is preferred.
An understanding of financial data systems, such as Bloomberg, and experience with large data sets as part of financial or statistical analysis is preferred.
Knowledge of SQL, VBA, Python, and Microsoft PowerBI is preferred.

Responsibilities

Portfolio Construction for M&A Targets: Assist the Regional CIO in providing the M&A team with analysis for internal deal pricing, including a review of the existing target acquisition portfolio, suggested portfolio repositioning, and portfolio yields, based on liability cash flow streams and regulatory constraints.
Strategic Asset Allocation and ALM: Develop and maintain strategic asset allocation for existing portfolios by evaluating various inputs such as existing holdings, relative value between asset classes, cash flow forecasts, dividend forecasts, liability profiles, and capital market inputs.
New Idea Generation and Proposal Development: Evaluate current market conditions and develop strategic and tactical asset allocation recommendations for presentation to investment committees. This includes developing well-thought-out proposals and collaborating with Tax, Accounting, Legal, Regulatory, Actuarial, Capital Management, and Treasury departments on new investment strategies.
New and Existing External Manager Diligence and Performance Measurement: Manage relationships with external managers across various asset classes (fixed income, public equity, private equity, real estate, bank loans, high yield, emerging market debt, etc.) and perform diligence on new managers and co-investments.
Reporting: Prepare regional Board of Directors/Investment Committee Presentations.
Compliance: Monitor compliance with internal and external portfolio constraints.
Cash management: Ensure excess investable cash balances are minimized and that quarterly dividends are funded through interest income and asset liquidation.
Budgeting & NII Projections: Work with FP&A to develop NII projections and monitor actual return vs. budget throughout the year, providing attribution by asset class.

Benefits

Best-in-class Medical, Dental, and Vision healthcare for single and family coverage.
Virtual 24/7 urgent care access to board-certified doctors and pediatricians.
Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
Access to Dependent Care FSA to cover daycare expenses.
Access to Employee Assistance Programs (EAP) for health and well-being.
Optional Pet & Home/Auto Insurance.
Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).
401K retirement plan (company matches up to 6% of employee contribution).
One paid annual volunteer day.
Professional Qualifications and Study Support.
Training, Conferences & Seminars.
Digital Learning Hub (LinkedIn Learning).