Insurance Portfolio Manager
Fidelity Investments, Boston, MA, United States
Job Description:
Outstanding opportunity to join a growing team at Soteria Reinsurance within Fidelity Investments. Come join a team leading one of the best-in-class financial services companies in its entry into the life and annuity reinsurance market. Our vision is to build a trusted partner to cedants with strong capital and investment capabilities.
The Role
The Portfolio Manager is a key member of the investment team. The team develops and executes investment strategies to support liabilities. This role will be focused on investment idea generation, portfolio construction, and active portfolio management to support the acquisition of new reinsurance business and growth of the company. Investment strategies are designed to meet key objectives such as generating stable income and optimizing return on capital, while adhering to asset liability management requirements and company risk appetite.
Responsibilities
Manage investment activities of the reinsurance portfolio to optimize capital within statutory, accounting, and risk management constraints;
Assess and manage all market and investment risks while pricing transactions, documenting all asset pricing assumptions;
Oversee asset liability management for managed portfolios with a deep understanding of liability risk characteristics;
Work with asset managers to develop new or expanded mandates and investment guidelines for investment strategies;
Develop and manage processes for ongoing communication of investment activities with asset managers;
Negotiate investment guidelines and treaty terms with prospective clients to manage asset risk and generate target returns; and
Enhance portfolio performance with tactical relative value opportunities in consideration of overall asset allocation and risk constraints.
Qualifications
We are seeking an insurance portfolio manager who has the following minimum qualifications:
MBA or Master’s degree in a relevant quantitative field and 8+ years of insurance asset management work experience;
Strong track record of managing multi-sector portfolios within a reinsurance or insurance company;
Broad experience across fixed income asset classes and sectors with a strong background in securitized assets.
Experience developing and implementing investment strategies through the use of external asset managers;
Ability to manage existing portfolio management processes and develop new processes including data management;
Experience monitoring asset manager performance and compliance within investment guidelines;
Strong ability to collaborate with internal and external constituents including risk management, actuarial, finance, tax, and operations functions; and
Ability to innovatively contribute to an entrepreneurial reinsurance team, within a large organization environment;
The following additional qualifications are preferred:
Other industry certifications such as CFA, FSA, ASA, CERA, FRM
Experience with an object oriented programming language such as Python
Alternative asset experience
Compensation and Location
Position located in Boston or Bermuda. Competitive salary, bonus, and benefits package commensurate with experience.
Certifications:
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
Join Us
At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.
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