Illiquid Portfolio Manager, Insurance Capital Solutions

Macquarie Bank Limited; Greater London; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

A leading financial services firm in the UK is seeking a candidate for asset management roles to support private asset portfolio buildout and contribute to new business. The ideal applicant should possess experience in asset management and excellent communication skills. This position offers an extensive range of benefits, including wellbeing leave, paid parental leave, and flexible working arrangements, and it encourages a diverse and inclusive working environment.

Benefits

Wellbeing leave

Paid parental leave

Access to learning and development opportunities

Flexible working arrangements

Employee Assistance Program

Qualifications

• Knowledge of private credit, infrastructure debt, private equity, or real estate advantageous.
• Understanding capital and reporting requirements for insurers under key regulatory rulebooks preferred.

Responsibilities

• Support the buildout of InEvo's private asset portfolio and asset deployment.
• Contribute to new business acquisition by developing investment assumptions.
• Perform analyses and prepare materials for board and regulatory approvals.

Skills

Experience in asset management, ideally with an insurance focus

Excellent communication skills

Analytical problem-solving skills

Job description

What role will you play?

Supporting the buildout of InEvo’s private asset portfolio, you will facilitate asset deployment by screening new investment opportunities and making recommendations to the CIO on whether to participate in transactions. You will assess portfolio fit, risk‑return profile, illiquidity premium versus underwriting assumptions and help establish suitable asset holding structures to enable capital‑efficient investments into private asset classes.

You will contribute to new business acquisition by developing investment assumptions to support InEvo’s reinsurance transactions and helping devise and implement solutions for cedants that provide security over pools of assets and derivatives.

You will perform analyses and prepare materials to support InEvo board and regulatory approvals of new private asset classes and internal rating models for the Bermudian balance sheet.

You will also perform analyses and prepare materials to support regulatory approvals to internal rating models for the Bermuda balance sheet, to support InEvo approvals, etc.

In addition to asset deployment, you will have oversight of sub‑advisory mandates and will monitor investment and manager performance, and present to stakeholders across Macquarie Asset Management and InEvo on investment portfolio performance, deployment and pipeline.

What you offer

• Experience in asset management, ideally with an insurance focus.
• Knowledge of private credit, infrastructure debt, private equity or real estate would be advantageous, as would an understanding of the capital and reporting requirements for insurers operating under one or more of the key regulatory rulebooks – e.g. UK MA, Solvency II, BMA, SEC – although this is not essential.
• Excellent communication skills and stakeholder management skills, able to articulate complex matters clearly and concisely and build relationships with a range of key partners.
• An analytical problem‑solver who is both creative and adaptable. This is especially important given the relatively early stage in the lifecycle of the project.

What we offer

At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave.
• 26 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers.
• Paid fertility leave for those undergoing or supporting fertility treatment.
• 2 days of paid volunteer leave and donation matching.
• Access to a wide range of salary sacrificing options.
• Benefits and initiatives to support your physical, mental and financial wellbeing including comprehensive medical and life insurance cover.
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services.
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription.
• Access to company‑funded emergency and backup dependent care services.
• Recognition and service awards.
• Hybrid and flexible working arrangements, dependent on role.
• Reimbursement for work from home equipment.

Our commitment to diversity, equity and inclusion

We are committed to providing a working environment that embraces diversity, equity and inclusion. We encourage people from all backgrounds to apply regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio‑economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process.

Our aim is to provide reasonable adjustments to individuals as required during the recruitment process and in the course of employment. If you require additional assistance, please let us know during the application process.