Senior Investment Portfolio Manager

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Overview

The Investment Portfolio team is responsible for developing cash management and investment strategies for the Company and its affiliates.  The Senior Investment Portfolio Manager will be responsible for overseeing the development of these strategies, directing/coordinating the investment functions of the Company and its affiliates, while ensuring compliance with regulatory requirements/reporting and the development and monitoring of internal controls.  This position requires knowledge and expertise in multiple areas such as fixed income, common stocks, alternative investments such as private equity, cash, and treasury management.

This Senior Investment Portfolio Manager position will also be responsible for management of the Investment Team (the Portfolio Manager(s) and other Team Members, as assigned); it will assist the Supervisors, Managers, Directors and Vice President within Accounting & Finance in the overall leadership of the Accounting & Finance Department.  This position requires strong communication and excellent human relations skills.

Responsibilities

Play a key role in the development of the investment strategy for the portfolios (working with the Finance Committee, Vice President of Accounting and Finance, Directors, and all other investment area personnel) considering the Company’s tax position, NAIC regulations, Kentucky Department of Insurance regulations and the Company Investment Policy. 

Monitor compliance with financial regulatory requirements and internal policies (NAIC, Kentucky Department of Insurance, etc.) and proactively prepare for pending changes.

Develop a working knowledge of the Company’s tax model and keep abreast of current tax law (regarding investments) in order to assist in the design of an investment strategy that will maximize after-tax results.

Research and evaluate investment opportunities

Manage and oversee the portfolios in accordance with all regulations and the Company’s Investment Policy.

Be forward thinking to explore new investment opportunities for the Company while keeping our conservative and consistent investment approach in mind.

Oversee and sign off (approve) the work of the other portfolio managers and investment team members.

Support and develop investment team personnel by conducting consistent one-on-one sessions, delivering periodic (as needed) & year-end performance feedback, and consistently displaying mentorship and leadership through application of our Guiding Principles in their daily functions.

Report findings/issues and suggest recommendations to the Director, Accounting & Taxes

Participate in the research, sourcing, allocation, and monitoring of investments in alternative asset classes.

Work with the Accounting Operations & Financial Reporting Teams to ensure all cash needs are being met and that amounts are properly allocated for investing or operations and are reported accordingly.

Adhere to AIMR Code of Ethics and Standards of Practice.

The list of essential functions is non-exhaustive and may be supplemented as necessary.

 

Job Specifications

 

Regular, predictable attendance as employee must physically be in the office.                                                                                                                    

Physical demands: Normal vision and hearing (with or without correction); Reading; Speaking; Sitting; Travel; Mobility.

Mental demands: Analytical reasoning; Prolonged concentration.

Environmental factors: Standard office lighting, temperature, and noise.

Equipment:  Bloomberg System; Keyboard; Telephone; Calculator.

Qualifications

Bachelor’s degree in Accounting, Finance, Economics, or a related field.

Minimum ten years’ experience in investing corporate funds and developing investment strategy, preferably in insurance or banking or fulfillment of all CFA requirements including the successful completion of three multi-level exams and four years of investment related work experience.

Proficiency in standard software such as Excel, Word, and PowerPoint as well as multi-faceted accounting and financial systems capability and ability to learn new systems as required.

Evidence of specialized training in the financial markets.  Advanced degree or FINRA series 7,63,65 licenses are helpful.

Thorough understanding of risk-controlled asset allocation and cash flow analysis is required.

Extensive knowledge of investments, modern portfolio theory, financial concepts, accounting theory, and related terminology.

High level of self-motivation and ability to collaborate with others, both internally and outside the organization.

Confident, articulate presence and excellent presentation skills are vital to success.

Ability to keep a positive attitude and work as a team member.

Ability and willingness to strictly adhere to Company Investment Policy.

Broad knowledge of an insurance company's products, operational areas, and automated processing systems.

Mindset of seeking out process improvement while maintaining financial controls.

Excellent interpersonal and communication skills (both verbal and written).

Experience in problem solving and ability to grasp new concepts quickly.

Excellent organizational skills necessary to work simultaneously on multiple tasks of moderate size and complexity.  Deadline oriented under time restraints.

Experience in managing teams or has shown significant proficiency in team oversight and collaboration, including excellent human relations skills.