Senior Director - Insurance Portfolio Risk and Analytics

About Us

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple – to allow NLG to keep its promises. How we do this – an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team.  They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision.  We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders.  Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.

Please note that we do not offer visa sponsorship for this position.

Job Summary

The Insurance Investment Portfolio Manager is responsible for managing the insurer’s investment portfolio to ensure optimal risk-adjusted returns while aligning with liability profiles, regulatory requirements, and capital constraints. This role monitors asset allocation including fixed income and alternative investments, liquidity management, and asset-liability matching strategies to support the company’s long-term financial stability.  Specifically, the role will manage underlying portfolio exposure for life and annuity product lines including Index Universal Life, Fixed Index Annuities and the operating leverage program.

The position requires strong knowledge of insurance balance sheets, regulatory frameworks, and institutional portfolio management principles.

Key Responsibilities

Portfolio Management & Asset Allocation

• 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.

Asset-Liability Management (ALM)

• 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.

Risk Management & Compliance

• Monitor market, credit, liquidity, and concentration risks.
• Ensure compliance with insurance regulatory investment guidelines.

Performance Monitoring & Reporting

• Present asset class reviews to 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

Education

• Bachelor’s degree in Finance, Economics, Mathematics, or related field.
• MBA or Master’s degree preferred.
• CFA charterholder (from CFA Institute) strongly preferred.

Experience

• 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.

Technical Skills

• 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.

Soft 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.

AI Proficiency Expectations

At National Life Group, we view AI as an enabler of human potential. We use AI to help us work smarter, serve more clients, and keep our promises, while remaining a relationship-driven business where our people are our greatest strength.

All applicants are expected to:

• Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
• Stay curious and open to new AI-enabled ways of working.
• Exercise sound judgment by reviewing and validating AI-generated content.
• Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life’s AI guiding principles.
• Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention and intellectual property.

Benefits

• Your benefits start day one and are flexible and customizable to your and your family’s specific needs. Check out the BENEFITS of a Career at National Life!

Salary Pay Range 206250 - 302500 USD