Senior Investment Portfolio Manager

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Overview

This position is responsible for working with the Finance Committee to develop 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 experience and expertise in research and selection of investments in multiple areas such as fixed income, equities, and alternative investments (private equity), along with cash and treasury management experience.

This position will also be responsible for management and leadership of the investment team (portfolio managers and analysts).  It will work closely with the Supervisors, Managers, Directors and Vice President within Accounting & Finance.  This position requires strong communication and organizational skills.

Responsibilities

• Develop the investment strategy for the portfolios (working with the Finance Committee, Vice President of Accounting and Finance, Directors and the investment team) considering the Company’s tax position, NAIC regulations, Kentucky Department of Insurance regulations, SEC regulations and the Company’s investment policy.
• Monitor compliance with financial regulatory requirements and internal policies (NAIC, KY DOI, etc.) and proactively respond to any changes.
• Develop a working knowledge of the Company’s tax model and keep abreast of current tax law regarding investments to ensure the investment strategy is maximizing after-tax results.
• Oversee and participate in the portfolio management and cash management process including hiring and training staff when needed.
• Research and evaluate investment opportunities and build this skillset within the investment team.
• Manage and oversee the portfolios in accordance with all regulations and the Company’s investment policy.
• Monitor performance of the portfolio and respond accordingly when outside of Company index targets.
• Identify new investment opportunities for the Company while keeping the Company’s conservative and consistent investment approach in mind.
• Oversee and approve the work of the portfolio managers and investment team members.
• Support and develop investment team personnel by:
  • Conducting consistent one-on-one sessions covering skill development and leadership
  • Delivering at least annual performance evaluations
  • Displaying mentorship and leadership through the application of the Company’s Guiding Principles
• Report findings/issues and suggest recommendations on resolution to the VP Accounting & Finance.
• Lead the research, sourcing, allocation and monitoring of alternative asset class investments.
• Ensure all regulatory reports are accurately prepared and are filed timely.
• Work with the Accounting Operations & Financial Reporting teams to ensure all cash needs are being met and amounts are property allocated for investing or operations.
• Adhere to AIMR Code of Ethics and Standards of Practice.
• Assist the Vice President and Directors in leadership of the Accounting & Finance department.
• The list of essential functions is non-exhaustive and may be supplemented as necessary.
• Regular, predictable attendance as employee must physically be in office five days a week.

Job Specifications

• 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 15 years’ experienc including 10 years contributing to portfolio management and developing investment strategy, preferably in insurance, banking, or similar corporate environments.
• CFA Charterholder and advanced degree preferred.
• Thorough understanding of risk-controlled asset allocation and cash flow analysis is required.
• Extensive knowledge of investments, trading, fundamental analysis, security selection, relative value, macro economics, modern portfolio theory, financial concepts, accounting theory, and including the ability to train and mentor staff in these areas.
• Experience in managing teams or has shown significant proficiency in team oversight and collaboration, including excellent human relations skills.
• High level of self-motivation and ability to collaborate with others, both internally and outside the organization.
• Ability and willingness to strictly adhere to Company Investment Policy
• Broad knowledge of property and casualty insurance products, operational areas, and 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.
• Proficiency in investment analytics systems such as Bloomberg, PORT, Clearwater, and ability to learn new systems as required.