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Enstar Group · 1 day ago

VP I, Investments

NYC Metro Area

Full-time

Hybrid

Senior Level, Lead/Staff

$185K/yr - $200K/yr

8+ years exp

Enstar Group is a leading global (re)insurance group that provides innovative solutions for risk management. The VP Investments will assist the Regional CIO in monitoring investment portfolios, constructing optimal investment strategies, and generating new ideas for portfolio implementation.

ConsultingInsuranceMarket Research

Hiring Manager

Kevin Pahwa

Responsibilities

Portfolio Construction for M&A Targets – Enstar’s M&A team will provide the regional teams with a liability cash flow stream and set of regulatory and cedant-imposed constraints. Using this information, the VP Investments will assist the Regional CIO in providing the M&A team with the following analysis for internal deal pricing: 1) a review of the existing target acquisition portfolio, 2) suggested portfolio repositioning, and 3) portfolio yields

Strategic Asset Allocation and ALM - Develop and maintain strategic asset allocation for existing portfolios by evaluating various inputs, including existing holdings, relative value between asset classes, cash flow forecast from Treasury, dividend forecast from Capital Planning, liability profile from Actuarial, as well as capital market inputs

New Idea Generation and Proposal Development: Evaluate current market conditions and develop strategic and tactical asset allocation recommendations for presentation to the group and local investment committees. The ability to develop a well thought out proposal is a key requirement. Work with Tax, Accounting, Legal, Regulatory, Actuarial, Capital Management, Treasury, and other groups on new investment strategies

New and Existing External Manager Diligence and Performance Measurement – Manage initial and ongoing relationships with core fixed income and specialty asset external managers, including public equity, private equity, real estate, bank loans, high yield, emerging market debt, and other asset classes. Perform diligence on new managers and co-investments being considered

Reporting: Prepare regional BoD/Investment Committee Presentations

Compliance – Monitor compliance with internal and external portfolio constraints

Cash management – Ensure excess investable cash balances are minimized. Ensure that quarterly dividends are funded through interest income and liquidation of assets

Budgeting & NII Projections - Work with FP&A to develop NII projections using existing holdings, maturities, projected purchases and sales as well as budgeted dividends, claim payments and commutations. Monitor actual return vs. budget throughout year and provide attribution by asset class

In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require

Qualification

Investment ManagementStrategic Asset AllocationPortfolio ConstructionExternal Manager DiligenceCFA DesignationQuantitative SkillsFinancial Data SystemsExcelPowerPointSQLVBAPythonMicrosoft PowerBIVerbal CommunicationWritten CommunicationTime ManagementCollaborationConflict Resolution

Required

8+ years minimum experience in an insurance company asset management

Thorough understanding of investment management, strategic asset allocation, tactical asset allocation, and capital markets

Understanding of the portfolio construction process and information required in order to make asset allocation decisions

Experience working with external asset managers (or internal portfolio managers) in the development of benchmarks, portfolios, and efficient frontiers

Experience and understanding of core fixed income asset classes as well as non-core asset classes, including: public equity, private equity, real estate, hedge funds, infrastructure, CLO equity, high yield, bank loans, emerging market debt, and other investments

Strong quantitative skills are necessary in the portfolio construction and risk measurement process

Strong verbal communication skills are required for investment committee, BoD, regulatory and rating agency presentations and communication

Strong written communication is required for proposal development and email communication with various teams located in different time zones

Ability to prioritize commitments and time management is a significant requirement given the nature of our operations

Ability to use Excel and PowerPoint is critical, given the requirement to develop investment analytics and proposals, as well as due to the manual nature of our process

Strong collaborator with other functional areas and executive management to ensure consistency and efficiency of approach

Ability to handle conflict of opinions and drive through effective decision making

Preferred

Undergraduate Degree required and/or Advanced degree preferred; educational concentration in finance, economics, statistics, or a related field is preferred

CFA designation is preferred

Understanding of capital markets and insurance capital regimes is preferred

An understanding of financial data systems, such as Bloomberg, and experience with large data sets as part of financial or statistical analysis is preferred

Knowledge of SQL, VBA, Python, and Microsoft PowerBI is preferred