Head of Portfolio Management

Canada Life Assurance Europe plc; London; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

A leading company in reinsurance solutions is seeking a Head of Portfolio Management in London. This role involves developing investment strategies, managing portfolios, and collaborating with investment managers. Candidates should have extensive experience in life reinsurance or investment management, with strong analytical and communication skills. The company offers a competitive salary, bonus scheme, and a flexible working environment.

Benefits

Competitive salary

Bonus scheme

Pension

Medical insurance

Development opportunities

Qualifications

• Experience in life reinsurance or investment management focusing on liability-driven credit investing.
• Knowledge of collateralized reinsurance and investment solutions.

Responsibilities

• Develop and execute liability-driven investment strategies.
• Negotiate investment guidelines and manage operational aspects of portfolios.
• Monitor investment mandates and assess performance.

Skills

Analytical

Communication

Problem-Solving

Education

CFA

Relevant finance/quantitative degree

Job description

Join to apply for the Head of Portfolio Management role at Canada Life Assurance Europe plc.

Location: London

Canada Life Reinsurance (“CL Re”) is a division of Great-West Lifeco Inc. (“Lifeco”) and a leading provider of client-focused reinsurance solutions in the United States, Europe, and the APAC region. CL Re offers a range of innovative risk and capital management solutions covering investment, mortality, longevity, lapse risk, and asset-intensive reinsurance. The Asset Intensive Reinsurance business is a key growth area, with significant transactions in the UK and Japan.

The CL Re Investment Office, part of Lifeco Global Investment, manages assets of C$15bn and is expanding its investment capabilities to support the growth of the Asset Intensive Reinsurance business. The Head of Portfolio Management will help implement and oversee investment strategies for new asset-intensive transactions, coordinating with various stakeholders.

About The Opportunity

The Head of Portfolio Management will report to the Chief Investment Officer and will be responsible for developing investment processes, monitoring performance, and managing portfolios to meet ALM and SAA targets. The role involves managing relationships with internal and external investment managers, executing investment strategies, and making tactical asset allocation decisions.

Key Responsibilities

1. Develop and execute liability-driven investment strategies.
2. Propose asset and hedging strategies for transactions.
3. Support new business pricing with asset-related assumptions.
4. Work with investment managers for transaction execution.
5. Negotiate investment guidelines and manage operational aspects of portfolios.
6. Monitor investment mandates and assess performance.
7. Drive asset growth in global markets.

Qualifications

• Experience in life reinsurance, PRT insurer, or investment management, focusing on liability-driven credit investing.
• Knowledge of collateralized reinsurance and investment solutions.
• Expertise in interest rate derivatives, bonds, and related markets.
• Qualification: CFA or relevant finance/quantitative degree with significant experience.
• Strong analytical, communication, and problem-solving skills.
• Ability to work collaboratively and drive operational excellence.

Benefits

Competitive salary, bonus scheme, pension, medical insurance, and development opportunities.

Work Environment

Flexible, inclusive culture emphasizing curiosity, ownership, collaboration, and continuous improvement. Hybrid working options available, ideally based in London.