Portfolio Manager LDI

Athora Netherlands; Amsterdam; On-site; EUR 80,000 - 110,000; Full time

Job summary

Athora Netherlands invites applications for a role in the Investment Office's Liability-Driven Investments team in Amsterdam. You will develop and implement portfolio ideas and balance-sheet solutions for a complex insurance environment, working with stakeholders and a strategic partner.

The LDI team manages rates, bonds, and derivatives while addressing currency and liquidity exposures. You will analyze markets, manage liquidity, hedge currency exposures, and execute trades.

Qualifications

• University degree in Finance, Economics, Econometrics, Mathematics, or related field.
• 3–6 years of relevant experience in fixed income, liquidity management or trading.
• Affinity with fixed income markets, derivatives and liability-driven investing.
• English communication skills; Dutch a plus; eligible to work in the Netherlands.

Responsibilities

• Market/portfolio analysis and investment recommendations.
• LDI portfolio management across rates, sovereign 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 (Investment Committee proposals, analyses, and trade-related docs).
• Contribute to strategic projects and continuous improvement of investment processes.

Skills

Fixed income expertise

Investment analysis

Communication skills

Python/SQL experience

Collaborative mindset

Liquidity management

Education

Finance/Economics/ Econometrics/ Mathematics degree

Tools

SimCorp Dimension

Python

SQL

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.

• 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 als