Director, Capital Advisory

F&G; United States; Hybrid; USD 180,000 - 300,000; Full time

Job summary

Fidelity & Guaranty Life Insurance Company (F&G) seeks a Director, Capital Advisory to drive enterprise-wide capital decisions for the life & annuity business.

You will assess investment opportunities, structured transactions, and asset strategies with a focus on capital efficiency and risk-adjusted returns, partnering with actuarial, reinsurance, and regulatory teams to align capital allocation with strategic goals.

Qualifications

• 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 to collaborate with cross-functional teams.

Responsibilities

• Lead evaluation of capital-related impacts for new asset classes and structured transactions.
• Regulatory monitoring and interpretation of RBC developments and capital implications.
• Develop frameworks for evaluating risk-adjusted return on capital across strategies and structures.
• Lead capital evaluation of proposed reinsurance transactions and model capital impacts.

Skills

Capital management

Financial modeling

Fixed income

Regulatory capital

Communication

Education

Bachelor's degree in Finance/Accounting/Actuarial

MBA/CPA/CFA 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.

1 Top Workplaces USA 2022 – 2023

2 Des Moines Register Top Workplaces 2018 – 2022

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