[Hiring] VP I, Investments @Enstar Group

Role Description

VP Investments will assist the Regional CIO in:

• Monitoring of the existing regional investment portfolios to ensure that the asset allocation is in line with strategic and tactical allocation preferences while operating within the constraints of a regulated insurance company.
• Constructing optimal investment portfolios and yield projections as an input to the M&A pricing process.
• Generating new strategic and tactical ideas for implementation in the portfolio.

Enstar’s assets under management total ~$20bn across 3 primary regions: US, UK, Bermuda.

Qualifications

• 8+ years of minimum experience in an insurance company asset management.
• Thorough understanding of investment management, strategic asset allocation, tactical asset allocation, and capital markets.
• Understanding of the portfolio construction process and information required in order to make asset allocation decisions.
• Experience working with external asset managers (or internal portfolio managers) in the development of benchmarks, portfolios, and efficient frontiers.
• Undergraduate Degree required and/or Advanced degree preferred; educational concentration in finance, economics, statistics, or a related field is preferred.
• CFA designation is preferred.
• Experience and understanding of core fixed income asset classes as well as non-core asset classes, including: public equity, private equity, real estate, hedge funds, infrastructure, CLO equity, high yield, bank loans, emerging market debt, and other investments.
• Understanding of capital markets and insurance capital regimes is preferred.
• Strong quantitative skills are necessary in the portfolio construction and risk measurement process.
• Strong verbal communication skills are required for investment committee, BoD, regulatory and rating agency presentations and communication.
• Strong written communication is required for proposal development and email communication with various teams located in different time zones.
• Ability to prioritize commitments and time management is a significant requirement given the nature of our operations.
• Ability to use Excel and PowerPoint is critical, given the requirement to develop investment analytics and proposals, as well as due to the manual nature of our process.
• Strong collaborator with other functional areas and executive management to ensure consistency and efficiency of approach.
• Ability to handle conflict of opinions and drive through effective decision making.
• An understanding of financial data systems, such as Bloomberg, and experience with large data sets as part of financial or statistical analysis is preferred.
• Knowledge of SQL, VBA, Python, and Microsoft PowerBI is preferred.

Requirements

• Portfolio Construction for M&A Targets – Provide the M&A team with analysis for internal deal pricing, including:
• A review of the existing target acquisition portfolio.
• Suggested portfolio repositioning.
• Portfolio yields.
• Strategic Asset Allocation and ALM - Develop and maintain strategic asset allocation for existing portfolios by evaluating various inputs.
• New Idea Generation and Proposal Development - Evaluate current market conditions and develop strategic and tactical asset allocation recommendations.
• New and Existing External Manager Diligence and Performance Measurement – Manage relationships with core fixed income and specialty asset external managers.
• Reporting - Prepare regional BoD/Investment Committee Presentations.
• Compliance - Monitor compliance with internal and external portfolio constraints.
• Cash management - Ensure excess investable cash balances are minimized.
• Budgeting & NII Projections - Work with FP&A to develop NII projections and monitor actual return vs. budget throughout the year.
• Other duties as required by the Company.

Benefits

• Best-in-class Medical, Dental, and Vision healthcare for single and family coverage.
• Board-certified doctors and pediatricians available virtually 24/7 for urgent care.
• Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
• Access to Dependent Care FSA to cover daycare expenses.
• Access to Employee Assistance Programs (EAP) for health and well-being.
• Optional Pet & Home/Auto Insurance.
• Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses).
• 401K retirement plan (company matches up to 6% of employee contribution).
• One paid annual volunteer day.