VP I, Investments
About The Position
The VP I, Investments will assist the Regional CIO with monitoring regional investment portfolios, constructing portfolios and yield projections for M&A pricing, and developing strategic and tactical investment ideas. Enstar manages approximately $20 billion in assets across the US, UK, and Bermuda regions. Candidates are preferred from the New York Metro area, though East Coast candidates interested in remote work are also considered. The role supports portfolio construction for M&A targets by reviewing acquisition portfolios, recommending repositioning, and estimating portfolio yields based on liability cash flows and regulatory and cedant-imposed constraints. It also develops and maintains strategic asset allocations using portfolio holdings, asset-class relative value, Treasury cash-flow forecasts, Capital Planning dividend forecasts, Actuarial liability profiles, and capital-market inputs. The VP evaluates market conditions and presents strategic and tactical allocation recommendations to group and local investment committees. The role works with Tax, Accounting, Legal, Regulatory, Actuarial, Capital Management, Treasury, and other teams on investment strategies. It manages diligence and ongoing relationships with external managers across core fixed income and specialty asset classes, and evaluates prospective managers and co-investments. Additional duties include preparing regional Board of Directors and Investment Committee presentations; monitoring compliance with portfolio constraints; managing investable cash and dividend funding; and working with FP&A on net investment income projections, budget monitoring, and asset-class return attribution. Other reasonable duties may be assigned as business needs require.
Requirements
- At least 8 years of experience in insurance company asset management.
- Thorough understanding of investment management, strategic and tactical asset allocation, and capital markets.
- Understanding of portfolio construction and the information needed to make asset-allocation decisions.
- Experience working with external asset managers or internal portfolio managers to develop benchmarks, portfolios, and efficient frontiers.
- Undergraduate degree required.
- Experience and understanding of core fixed income and non-core asset classes, including public and private equity, real estate, hedge funds, infrastructure, CLO equity, high yield, bank loans, and emerging-market debt.
- Strong quantitative skills for portfolio construction and risk measurement.
- Strong verbal communication skills for investment committee, Board, regulatory, and rating agency presentations and communications.
- Strong written communication skills for proposal development and communication with teams in different time zones.
- Ability to prioritize commitments and manage time effectively.
- Proficiency with Excel and PowerPoint.
- Ability to collaborate with functional teams and executive management, handle differences of opinion, and drive effective decisions.
Nice To Haves
- Advanced degree, preferably with a concentration in finance, economics, statistics, or a related field.
- CFA designation.
- Understanding of capital markets and insurance capital regimes.
- Familiarity with financial data systems such as Bloomberg and experience analyzing large data sets.
- Knowledge of SQL, VBA, Python, and Microsoft Power BI.
Responsibilities
- Assist the Regional CIO in monitoring regional portfolios to ensure asset allocation aligns with strategic and tactical preferences and complies with regulated-insurer constraints.
- Review M&A target acquisition portfolios, recommend portfolio repositioning, and provide portfolio yield analysis for internal deal pricing.
- Develop and maintain strategic asset allocation using portfolio holdings, relative value, cash-flow and dividend forecasts, liability profiles, and capital-market inputs.
- Evaluate market conditions and develop strategic and tactical asset-allocation proposals for group and local investment committees.
- Collaborate with Tax, Accounting, Legal, Regulatory, Actuarial, Capital Management, Treasury, and other teams on investment strategies.
- Manage initial and ongoing relationships with external managers across fixed income and specialty asset classes; conduct diligence on prospective managers and co-investments.
- Prepare regional Board of Directors and Investment Committee presentations.
- Monitor compliance with internal and external portfolio constraints.
- Minimize excess investable cash and ensure quarterly dividends are funded through interest income and asset liquidations.
- Work with FP&A to develop net investment income projections and monitor actual returns against budget, providing attribution by asset class.
- Undertake other duties as reasonably required by the Company.
Benefits
- Medical, dental, and vision coverage for single and family coverage.
- Virtual access to board-certified doctors and pediatricians 24/7 for urgent care.
- Health Savings Account or Flexible Spending Account access.
- Dependent Care FSA access for daycare expenses.
- Employee Assistance Programs for health and well-being.
- Optional pet and home/auto insurance.
- Wellness reimbursement of up to $600 annually for wellness-related expenses.
- 401(k) retirement plan with company match up to 6% of employee contribution.
- One paid annual volunteer day.
- Professional qualification and study support.
- Access to training, conferences, seminars, and continuing professional development opportunities.
- Access to LinkedIn Learning digital learning resources.
- Physical, mental, and financial wellbeing initiatives.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
