Sr. Director, Insurance Portfolio Management

National Life Group; Addison (TX); On-site; USD 206,250 - 302,500; Full time

Benefits offered by this job

Comprehensive benefits program

401(k) eligibility

Paid time off

Job summary

National Life Group is looking for an Insurance Investment Portfolio Manager to lead the investment portfolio for optimal risk-adjusted returns. Responsibilities include managing fixed income, equity, and alternative investments, while ensuring compliance with regulatory guidelines.

The ideal candidate should have significant experience in institutional asset management, a strong understanding of insurance balance sheets, and proficiency in financial analysis tools like Excel and Bloomberg. A comprehensive benefits program includes medical, dental, vision, and 401(k) eligibility.

Qualifications

• 5–12+ years of experience in institutional asset management, insurance investments, or fixed‑income portfolio management.
• Strong understanding of insurance balance sheets and statutory accounting.
• Strategic thinking with strong risk awareness.

Responsibilities

• Manage fixed income, equity, and alternative investments in line with risk appetite.
• Optimize portfolio duration and credit quality to align with insurance liabilities.
• Collaborate with actuarial teams to ensure asset‑liability matching.

Skills

Institutional asset management

Fixed-income portfolio management

Quantitative analysis

Regulatory compliance

Communication skills

Education

Bachelor’s degree in Finance, Economics, Mathematics, or related field

MBA or Master’s degree

CFA charterholder

Tools

Excel

Bloomberg

Portfolio management systems

Job description

National Life Group is recruiting for an Insurance Investment Portfolio Manager to oversee the insurer’s investment portfolio and ensure optimal risk‑adjusted returns, aligning with liability profiles, regulatory requirements, and capital constraints. The role monitors asset allocation (fixed income, equity, alternative investments), liquidity management, and asset‑liability matching strategies, supporting the life insurance and annuity product lines including Index Universal Life, Fixed Index Annuities and the operating leverage program.

We do not offer visa sponsorship for this position.

Key Responsibilities

• Manage fixed income, equity, and alternative investments in line with risk appetite.
• Optimize portfolio duration and credit quality to align with insurance liabilities.
• Monitor portfolio performance against benchmarks and internal targets.
• Collaborate with actuarial teams to ensure asset‑liability matching.
• Conduct duration exposure analysis to actively manage to targets.
• Support capital efficiency initiatives and surplus optimization.
• Monitor market, credit, liquidity, and concentration risks.
• Ensure compliance with insurance regulatory investment guidelines.
• Present asset class reviews to the investment committee.
• Present analysis on yield, spread movements, total return, and risk metrics.
• Track key metrics such as yield‑to‑maturity, duration, convexity, and capital charges.

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, or related field.
• MBA or Master’s degree preferred.
• CFA charterholder strongly preferred.
• 5–12+ years of experience in institutional asset management, insurance investments, or fixed‑income portfolio management.
• Strong understanding of insurance balance sheets and statutory accounting.
• Experience with ALM frameworks and capital modeling.
• Deep knowledge of fixed income markets (corporates, sovereigns, structured products).
• Understanding of regulatory capital treatment of assets.
• Proficiency in Excel, Bloomberg, and portfolio management systems.
• Strong quantitative and analytical skills.
• Strategic thinking with strong risk awareness.
• Excellent communication and presentation skills.
• Ability to interact with executive leadership and board members.
• Portfolio allocation and transaction/trading experience.

Benefits

• Comprehensive benefits program effective day one, including medical, dental, vision, 401(k) eligibility, paid time off (vacation, sick leave, parental leave), and discretionary annual incentive programs.

Base Pay Range

$206,250 - $302,500 USD

Additional Compensation and Benefits

May include discretionary annual incentive programs subject to company rules.