Portfolio Manager I

You desire impactful work.
 

You're RGA ready

RGA is a purpose-driven organization working to solve today's challenges through innovation and collaboration. A Fortune 200 Company and listed among its World's Most Admired Companies, we're the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

A Brief Overview

The Investment Solutions team develops, recommends, and executes liability driven investment strategies, including portfolio construction and repositioning, to support the acquisition of new reinsurance business. These strategies and associated portfolios must meet business needs (e.g. sufficient return on capital, regular investment income), while considering RGA's appetite for investment risk, execution risks, and asset-liability matching. The Portfolio Manager I acts as a "deal lead", responsible for all aspects of the asset strategy and asset risks underlying new reinsurance opportunities.

What You will Do

• Develop transaction specific asset and hedging strategies that optimize excess yield vs. capital within regulatory, accounting, operating and risk management constraints.
• Develop asset and credit related pricing assumptions to support the pricing of reinsurance transactions, with a particular focus on Asset Intensive transactions.
• Work with internal teams including the Global Portfolio Management and Credit teams to construct an optimal portfolio and to determine the best path to execution.
• Communicate the target portfolio strategy to internal stakeholders, including the C-suite, and gain the necessary approvals.
• Negotiate investment guidelines and treaty terms with clients to deliver the flexibility necessary to manage asset risk and generate target returns.
• Lead efforts to close the asset side of the transaction, including operational aspects of receiving the client portfolio and investment reposition to RGA's target strategy.
• Suggest and review new tools and frameworks to improve new business pricing process.
• Develop relationships with external contacts and internal cross-functional areas.
• Direct the efforts of analysts to support the transaction.
• Perform other duties as assigned.

Education and Experience

Required:

• MBA graduate and at least 5 years of relevant work experience Or Bachelor's degree in Economics/Finance related field with within 5 to 10 years of relevant work experience.

Preferred: 

• CFA or significant progress towards completion.
• Technology savvy, programming and process improvement/automation skills.
• 5+ years corporate credit experience.
• 5+ years alternative investment experience.
• 5+ years fixed income management experience in an insurance client environment.

Skills and Abilities

Required:

• Highly advanced investigative, analytical and problem solving skills.
• Highly advanced Microsoft Office skills, especially Excel.
• Advanced Bloomberg skills.
• Advanced oral and written communication skills demonstrating ability to share and impart knowledge.
• Advanced negotiation skills to assist with internal/external discussions.
• Highly advanced understanding of investment/market concepts, especially fixed income analytics (i.e. sector weightings, portfolio duration, performance attribution, convexity and term structure of interest rates, spread).
• Highly advanced knowledge of asset liability management.
• Advanced ability to set goals and handle multiple tasks, clients, and projects simultaneously.
• Advanced ability to work well within a team environment and participate in department/team projects.

Preferred: 

• Expert understanding of investment/market concepts, especially in the context of insurance asset management.
• Demonstrable track record of the successful implementation of investment strategies, especially in an insurance or reinsurance context.

#LI - KW1

What you can expect from RGA:

• Gain valuable knowledge from and experience with diverse, caring colleagues around the world.

• Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.

• Join the bright and creative minds of RGA, and experience vast, endless career potential.