Director of Investment Operations & Reporting (Insurance)

This is the same role as the one I was advertising but some key elements have changed so I\’ve reposted it (hopefully you got the info in the rejection mail?)

We are looking for a Director of Investment Operations and Reporting to lead and drive change across key investment functions, including Middle Office, Back Office, liquidity management and collateral management. This sits in an insurance company so you will need to have insurance experience (life or GI).

Key elements of the role (Director of Investment Operations and Reporting):

• Middle/back office role but people HAVE to be qualified/certified in something – Accountant, Actuary, CFA. They may end up being delegated tasks by the CFO.
• They will be managing short term liquidity – cash, building frameworks, policies, etc.
• Change – managing change as they continue the restructure.
• Leadership – new people and teams changed due to the restructure will need to be led positively through the process.
• Experience of accounting/valuation as there are less skills in this area. They need to be able to own the numbers on the investment side.
• Insurance experience – I\’m afraid I\’ve been told to avoid people from banks/asset managers as Investment Operations is a v different process. People need to understand where a BPA insurer would invest and how to onboard them. But you could be from a life or GI insurance background.

This IS NOT a treasury role other than the liquidity management part. The main focus is investment, valuation and change.

Four pillars:

• middle office/settlement and collateral management – initiating collateral calls, managing calls, minimizing exposure
• accounting and reporting – they\’re using an insourced model which involves reconciliation of data, etc
• valuation – methods, models, validation, etc, including valuation for complex liquid assets
• change delivery – they\’re considering implementing a new system which will be a large transformation project

12m question – what will this person need to have achieved in their first year:

• Consolidation and leadership of team
• The person will need to have embarked on the Change journey – they\’re doing RFPs at the moment so this person would need to own that process (and take it off the Financial Controller\’s desk)
• Embed really solid controls – change the culture around control processes.

If you feel that you\’re still suitable, please can you email me directly on sophie@orangemalone.com. Apologies for doing it this way but I\’ve had a massive response to this role so I\’m trying again!

Best wishes, Sophie