Director, Capital Advisory

Disabled Job Seekers; Des Moines (IA); Hybrid; USD 180,000 - 260,000; Full time

Benefits offered by this job

Hybrid/Remote work options

Employee-centric hybrid environment

Job summary

Fidelity & Guaranty Life Insurance Company (F&G) in Des Moines, IA, seeks a Director of Capital Advisory to drive capital optimization and investment decision support. You will analyze capital deployment, reinsurance transactions, and regulatory developments, partnering with actuarial, investment, and legal teams to align strategy with the company’s balance sheet and long-term strength.

You will develop analytical frameworks, perform capital impact modeling, and provide actionable

Qualifications

• Bachelor's degree in Accounting, Finance, Actuarial, Business, or related field.
• MBA, CPA, or CFA strongly preferred.
• 5+ years of relevant experience including capital management and investment-related experience.

Responsibilities

• Lead capital evaluation of investment opportunities and capital deployment strategies.
• Model capital impacts for reinsurance transactions and regulatory changes.
• Develop frameworks for risk-adjusted return on capital across strategies and structures.
• Support senior leadership with capital deployment recommendations and governance.
• Identify process improvements and leverage analytics to increase capital management effectiveness.

Skills

Fixed income markets

Structured credit

Insurance general account

Reinsurance structures

Regulatory capital frameworks

Financial modeling

Excel

Microsoft Office

Education

Bachelor's Degree in Accounting, Finance, Actuarial, Business, or related field

MBA, CPA, or CFA strongly preferred

Tools

Excel

Microsoft Office

Job description

The Director, Capital Advisory brings deep investment expertise to bear on enterprise-wide capital decisions within the life & annuity business. This role evaluates new investment opportunities, structured transactions, and asset strategies through the lens of capital efficiency and risk-adjusted return, while partnering closely with actuarial, reinsurance, and regulatory teams to ensure decisions are fully integrated into the organization's broader capital allocation strategy. Serving as a key connective point between the investment function and enterprise capital management, this individual supports senior leadership with analysis and recommendations on capital deployment, reinsurance transactions, and emerging regulatory developments - bringing an investment-first perspective to decisions that shape the company's balance sheet and long-term financial strength. This position reports to the VP, Head of Capital Management, collaborates closely with actuarial, investment, reinsurance and regulatory teams across the organization while remaining highly hands-on with core analytical deliverables.

Duties & Responsibilities

Capital Evaluation of Investment Opportunities

• Lead evaluation of capital related impacts to assess new asset classes, structured transactions and portfolio strategies for their capital efficiency and impact on capital
• Conduct capital impact modeling for proposed investment changes including sensitives and scenario analysis
• Develop analytical frameworks and decision support that enable consistent comparison of investment opportunities on capital consumption, return, risk and liquidity

Regulatory

• Monitor and interpret regulatory developments affecting Risk Based Capital (RBC)
• Translate regulatory change into capital impact analysis for leadership, distinguishing between statutory, rating agency, and internal economic capital effects
• Partner with regulatory affairs, actuarial, and legal teams to assess implications of proposed or finalized rule changes
• Identify emerging changes in capital frameworks, investment treatments and industry practices that may create capital optimization opportunities or risks for F&G

Strategic Analysis & Capital Allocation Evaluation

• Develop and maintain frameworks for evaluating risk-adjusted return on capital across investment strategies, reinsurance structures, and new business opportunities
• Translate investment strategy and market complexity into capital-efficient recommendations for senior leadership and the capital allocation governance process
• Partner with actuarial, treasury, and finance to synthesize investment, reinsurance, and regulatory inputs into unified capital deployment recommendations

Reinsurance Transaction Support

• Lead capital evaluation of proposed reinsurance transactions
• Conduct capital impact modeling on new reinsurance transaction and affirm desired outcome achieved following implementation

Process Enhancements

• Identify opportunities to enhance Capital Management processes, reporting capabilities, and operating effectiveness through improved tools and analytics.
• Identify opportunities to leverage automation, data, and emerging analytical technologies to improve Capital Management effectiveness
• Ad hoc requests

Knowledge, Skills & Abilities

Deep knowledge of fixed income markets, structured credit and insurance general account investment strategy.

Working knowledge of reinsurance structures and regulatory capital frameworks.

Strong communication, organization and interpersonal skills are necessary to establish and maintain effective working relationships with others.

Strong intuitive, analytical, quantitative, and financial modeling capabilities.

Ability to handle multiple complex tasks and prioritize in a fast-paced environment.

Ability to direct a multi-departmental team toward a common goal

Expertise to improve processes and utilize technology to make procedures and processes more efficient.

Excellent Excel and Microsoft Office skills

Minimum Qualifications

Education Level Bachelor's Degree

Bachelor's degree in Accounting, Finance, Actuarial, Business, or related field

Years of Experience 5+ year of relevant experience 5+ years professional finance including capital management 3+ years of investment related experience

Preferred Qualifications

Education Level MBA, CPA, or CFA strongly preferred

Years of Experience Experience evaluating or structuring complex investment transactions (private placements, structured credit, alternative assets) required; direct experience with reinsurance transactions or capital modeling is a plus but not required

Additional Information

Work Environments F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact [e-mail].

Join our employee-centric hybrid work environment: F&G Careers

About F&G Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life's unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1Top Workplaces USA 2022 - 2023 2Des Moines Register Top Workplaces 2018 - 2022

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