Investment Solutions Portfolio Manager II

You desire impactful work. You’re RGA ready. RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

A Brief Overview

The Investment Solutions team develops, recommends, and executes liability driven investment strategies, including portfolio construction and repositioning, to support new funded reinsurance and acquisition opportunities in UK and Continental Europe. The Portfolio Manager (II) acts as a “deal lead”, responsible for all aspects of the asset strategy and asset risks underlying new business opportunities.

What you will do:

• Develop transaction specific asset and hedging strategies that optimize excess yield vs. capital within regulatory, accounting, operating and risk management constraints.
• Create target asset portfolios for live deals to deliver the required risk-adjusted return for the transaction in partnership with the wider Investments function.
• Work with the wider Investment team to determine best path to execution, including analysis of the client’s existing portfolio and the creation of a target portfolio given the portfolio strategy.
• Lead review of asset portfolios and wider considerations in relation to M&A opportunities in UK & CE.
• Communicate the target portfolio strategy to various stakeholders within RGA, including the C-suite, and gain approval for the target strategy.
• Negotiate investment guidelines and treaty terms with clients to deliver the flexibility necessary to manage asset risk and generate target return.
• Lead efforts to close the asset side of the transaction, including operational aspects of receiving the client portfolio.
• Direct the reposition required to move from the client’s portfolio strategy to RGA’s target strategy.
• Suggest and review new tools and frameworks to improve new business pricing process.
• Develop relationships and communicate effectively with internal and external stakeholders.
• Direct the efforts of analysts to support the transaction.
• Perform other duties as assigned.

Qualifications & Experience:

Required:

• CFA and/or Actuarial qualification or relevant degree in Economic/Finance related field of study, with 15+ years relevant work experience alongside strong professional and/or academic qualification(s) related to the role.
• Advanced understanding of investment/market concepts, especially fixed income analytics and asset liability management.
• Expert understanding of investment/market concepts, especially in the context of insurance asset management.
• Demonstrable track record of the successful implementation of investment strategies, and/or M&A activity, especially in an insurance or reinsurance context.
• Problem-solving, structuring, technical and strategic mind-set.

Preferred:

• FIA or CFA charter holder
• 5+ years portfolio manager experience
• 5+ years alternative investment experience
• 5+ years fixed income management experience in an insurance client environment
• 10+ years in investment solutions, portfolio construction, LDI and/or M&A environment.

Skills & Abilities:

Required:

• Highly advanced investigative, analytical and problem-solving skills
• Highly advanced Microsoft Office skills, especially Excel
• Advanced oral and written communication skills demonstrating ability to share and impart knowledge
• Advanced negotiation skills to assist with internal/external discussions
• Advanced customer relationship management and change management skills
• Highly advanced knowledge of asset liability management
• Advanced ability to set goals and handle multiple tasks, clients, and projects simultaneously
• Advanced ability to work well within a team environment and participate in department/team projects

Preferred:

• Expert understanding of investment/market concepts, especially in the context of insurance asset management
• Demonstrable track record of the successful implementation of investment strategies, especially in an insurance or reinsurance context

What you can expect from RGA:

• Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
• Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
• Join the bright and creative minds of RGA, and experience vast, endless career potential.

To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience—without considering name, gender, or other personal details—and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.