Portfolio Manager LDI

athora; Amsterdam; On-site; EUR 61,000 - 105,000; Full time

Benefits offered by this job

Flexible workspace

Home office budget

13th-month salary

27 vacation days

Travel allowance or NS card

Learning and development budget

Job summary

Athora Netherlands in Amsterdam seeks an investment professional to join the Liability-Driven Investments team within the Investment Office. You will develop and implement portfolio ideas, manage the LDI portfolio and collaborate with strategic partner Apollo Global Management.

You will engage in market analysis, hedge exposures, and liquidity management while working with senior stakeholders. 3–6 years' experience and CFA/CAIA or progress toward it are valued, Python/SQL helpful.

Qualifications

• University degree in Finance, Economics, Econometrics or Maths.
• 3–6 years of relevant experience in fixed income or related areas.
• Ability to communicate with technical and non-technical stakeholders.
• Willingness to pursue CFA/CAIA or equivalent designation.
• Experience with SimCorp Dimension is a plus.

Responsibilities

• Market/portfolio analysis and investment recommendations.
• LDI portfolio management across rates, bonds and derivatives.
• Liquidity management to protect the liquidity profile.
• Hedge currency exposures and design balance‑sheet solutions.
• Execute trades and prepare governance materials for decisions.
• Contribute to strategic projects and process improvements.

Skills

Fixed income knowledge

Analytical thinking

Stakeholder communication

Team collaboration

Python/SQL knowledge

Education

Finance/Economics/ Econometrics/ Mathematics degree

Tools

SimCorp Dimension

Job description

Are you ready to join our Investment Office in Amsterdam as part of the Liability-Driven Investments (LDI) team? Together with your LDI colleagues, you will manage the public assets of Athora Netherlands' €71bn balance sheet.

What should you know about us?

We are Athora Netherlands, an insurance company behind the well-known brands Zwitserleven and Reaal. Our core business is providing pensions and life insurance solutions in the Dutch market. We are part of a broader European group with operations in Ireland, the United Kingdom, Belgium, Germany, and Italy.

We are a strong and ambitious organization serving over one million customers. In the coming years, we aim to grow into one of the leading players in the rapidly evolving pensions market. That is why we are looking for people who embrace change, take initiative, and are driven to deliver results. People who strive to bring out the best in themselves and their teams. Smarter together, we call it.

What are you going to do?

You will work closely with colleagues across and beyond the Investment Office, as well as with our strategic partner Apollo Global Management, you will develop and implement portfolio ideas and balance-sheet solutions for a complex insurance environment. The role offers broad exposure to market views, hedging, liquidity management, solution structuring, pension buyouts and quantitative projects. You will work in a collaborative environment with short communication lines, easy access to senior stakeholders and strong cooperation across teams and functions.

The Investment Office of Athora Netherlands manages the own-account investments and is responsible for the company's investment strategy. The office consists of 24 investment professionals across three teams: Corporate Investments, Asset-Backed Investments and Liability-Driven Investments supported by a Planning & Analytics Expert and a Strategist Global Markets. The Investment Office is based at Athora Netherlands' head office in Amsterdam.

You will be part of the LDI team that manages Athora's liability-driven investment portfolio, investing across rates, sovereign bonds, liquidity and derivatives while managing interest-rate, inflation, currency and liquidity exposures.

Depending on your experience, you will contribute to part or all of the following activities:

• Market/portfolio analysis and investment recommendations.
• Athora's LDI portfolio management across rates, sovereign (related) bonds, and derivatives
• Liquidity management to protect the firm's liquidity profile
• Hedge the firm's currency exposures
• Initiate, design and/or implement hedging and balance-sheet solutions.
• Execute trades across cash, bonds, and derivatives.
• Prepare governance materials (such as Investment Committee proposals), analyses and trade-related documentation to support investment decision-making and implementation.
• Strategic projects, policy development and the continuous improvement of investment processes.

All the work will be in close cooperation with internal as well as external stakeholders.

What do we ask from you?

You are an analytically strong investment professional with a clear interest in financial markets, fixed income investing and balance-sheet management, and a solid technical foundation. You enjoy working on complex topics and translating them into practical, well-documented solutions. You work well in a fast-paced environment with colleagues from different disciplines, take ownership of your responsibilities and maintain a high standard of quality.

You bring also:

• A university degree in Finance, Economics, Econometrics, Mathematics or a related field.
• Relevant work experience, ideally 3 to 6 years, with the ability to work independently and demonstrated expertise in one or more of the following areas: fixed income portfolio management, financial structuring, liquidity management, and trading/execution.
• Affinity with fixed income markets, derivatives and liability-driven investing.
• The ability to communicate effectively with both technical and non-technical stakeholders.
• A collaborative mindset and the ability to work effectively across different disciplines.
• Preferably a professional qualification such as CFA, VBA, CAIA or an equivalent investment-related designation, or the willingness to work towards one.
• Experience with SimCorp Dimension is a plus.
• Experience with Python, SQL or other analytical tools is an advantage.

• Residing in the Netherlands.
• Strong written and verbal communication skills in English; Dutch is a plus.
• Eligibility to work in the Netherlands and, where applicable, a valid work and residence permit.

What’s in it for you?

You’ll join around 900 colleagues who all believe they work for a truly special company. You’ll have the opportunity to make a meaningful contribution to the socially relevant topic of pensions. We make sure people’s pensions are well arranged, so they can enjoy their retirement with peace of mind.

You’ll also have the chance to make a real impact in the area of sustainability, as we have been setting the standard in both our operations and investment activities for many years. Of course, you’ll have access to a flexible workspace at our Amsterdam office, which ranks among the top 7% of office buildings worldwide. And because you’ll also be working from home regularly, you’ll receive a budget to help you create a comfortable and productive home office.

In return for your commitment, talent, and skills, we offer an attractive benefits package in addition to your salary, including holiday allowance, a 13th-month salary, a variable bonus scheme, 27 vacation days (based on a 36-hour work week), and an NS Business Card or travel allowance for the days you commute to the office.

We also believe continuous development is important, which is why we provide a generous learning and development budget to help you grow professionally. This gives you the opportunity to advance your career, whether within our organization or beyond.

Salary

Based on CLA salary scale 16 or 17 HAY, the monthly salary range is €5.456,28 to €9.393,67 gross, based on a 36-hour work week (depending on your knowledge and experience).

Ready for your next step?