Portfolio Manager I

**Position 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 must meet business needs (sufficient return on capital, regular investment income), while considering RGA’s appetite for investment risk, execution risk, and asset-liability matching. The Portfolio Manager acts as a “deal lead” for deals originated in Asia, responsible for all aspects of the asset strategy and asset risks underlying new reinsurance opportunities.

**Responsibilities**
The Portfolio Manager, Investment Solutions:

- Develops transaction-specific asset and hedging strategies that optimize yield vs. capital within regulatory, accounting, operating, and risk management constraints.
- Develops asset and credit related pricing assumptions for Structured Reinsurance transactions.
- Has responsibility for adequate treatment of all investment and ALM related risks during scoping and pricing phase of a transaction, including asset-related pricing assumptions
- Works with credit teams to determine the best path to execution, including analysis of the client’s existing portfolio and the creation of a target portfolio matching the asset strategy
- Communicates the asset strategy to various interested parties within RGA, including the C-suite, to inform and to gain approval
- Negotiates investment guidelines and treaty terms with the client to deliver the flexibility necessary to manage asset risk and generate target return
- Leads efforts to close the asset side of the transaction
- Directs the reposition to move from the client’s portfolio to RGA’s target portfolio
- Suggests, develops, documents and reviews new tools and models to improve new business pricing process
- Develops relationships with external contacts and internal cross-functional areas
- Directs the efforts of analysts to support the transaction
- Performs other duties as assigned

**Requirements** Qualifications & Experience**

**Required**:

- MBA/Master’s degree in relevant field and 4+ years of relevant work experience, or
- Bachelor’s degree with 6+ years of relevant work experience

**Preferred**:

- CFA or possibly Fellowship-level actuarial accreditation
- Fixed income management experience, especially for insurance companies
- ALM/LDI experience
- Experience in financial services, especially portfolio construction for life insurers, in either insurance/reinsurance, investment banking, asset management, or consulting roles

**Skills & Abilities**

**Required**:

- Expert understanding of portfolio management in the context of insurance
- Exceptional investigative, analytical, negotiation, and problem-solving skills
- Ability to work in a highly collaborative environment
- Expertise in investment and market concepts, especially fixed income analytics
- Advanced oral and written communication skills, demonstrating ability to share and impart knowledge effectively
- Knowledge of asset liability management, preferably in life insurance context
- Strong technical skills, especially Excel, with Bloomberg/Blackrock a plus
- Ability to adapt to changing circumstances while managing multiple concurrent deadlines
- Expert ability to work well in an environment with multiple concurrent projects, cyclical work flow and demanding time frames
- Expert oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received.
- Expert ability to interact with individuals across a wide variety of operational, functional, and technical disciplines
- Expert persuasion and negotiation skills when working with internal/external customers to resolve issues/problems

**Preferred**:

- Demonstrable track record of the successful implementation of investment strategies, especially in an insurance or reinsurance context
- In-depth knowledge of life insurance, including investments and ALM
- A working understanding of insurance regulation such as Solvency II, as well as, accounting standards such as US GAAP

**Company Overview**
Reinsurance Group of America is one of the largest global life and health reinsurance companies in the world. With operations in 26 countries, we are the only global reinsurance company to focus primarily on life and health related reinsurance solutions.

Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development.

RGA Empowers Employees. It’s one thing to hire smart people, its another to empower them. This is one of the most important differences between RGA and its competitors. RGA empowers its employees to use their intelligence and creativity to find solutions for its customers. To be proactive in their approach to bringing value to our customers.

Job Reference: AS0223