Vice President, Investment Strategy & Portfolio Management Life Insurance

Vice President, Investment Strategy & Portfolio Management Life Insurance

The Vice President, Investment Strategy & Portfolio Management will lead strategic portfolio construction and investment decision-making for our Life Insurance products within our General Account. This role sits at the intersection of asset allocation, portfolio construction, ALM, capital management, and execution, translating business and liability objectives into actionable, resilient investment strategies. This position offers the opportunity to shape how long-dated insurance liabilities are transformed into durable, risk-adjusted returns. The VP will play a central role in aligning investment strategy with business outcomes—balancing rigor, creativity, and prudence in a complex insurance environment. The VP will serve as a senior thought partner, bringing structure, rigor, and forward-looking insight to portfolio positioning across market cycles. This is a highly visible role with responsibility for shaping how capital is deployed, risks are managed, and returns are generated within the constraints of insurance accounting, capital, and regulatory frameworks.

Ideal Candidate

• Establish clear portfolio strategy aligned to liability and capital objectives
• Build strong credibility with CIO, Actuarial, and Finance partners
• Identify and implement 1–2 high-impact portfolio optimization opportunities
• Enhance transparency and decision quality through improved analytics and reporting

What you'll be doing

• Investment Strategy & Portfolio Construction
• Lead the development and ongoing refinement of portfolio strategy for the Life Insurance General Account, aligned with liability profiles, product economics, liquidity needs, and capital objectives.
• Translate ALM, pricing, and business inputs into strategic and tactical portfolio decisions, including asset class mix, structure selection, reinvestment strategy, and risk positioning.
• Own and drive strategic and tactical portfolio decisions in partnership with CIO and senior leadership.
• Partner closely with the life insurance, actuarial, finance, and risk management teams to ensure alignment across assumptions, models, and outcomes.
• Portfolio Oversight & Capital Efficiency
• Oversee portfolio positioning across public and private fixed income, alternatives, and structured assets, ensuring consistency with investment guidelines and regulatory constraints.
• Evaluate capital efficiency, yield enhancement opportunities, and risk trade-offs within U.S. Statutory, Bermuda, and rating-agency capital regimes.
• Provide proactive guidance on portfolio implications of new product initiatives, reinsurance structures, and balance-sheet actions.
• Market & Risk Leadership
• Develop and articulate views on capital markets, credit cycles, and relative value, connecting macro conditions to portfolio actions.
• Identify emerging risks, concentrations, and second-order impacts; ensure a "no-surprises" posture through clear communication to senior leadership.
• Partner with risk management to support stress testing, scenario analysis, and portfolio resilience assessment.
• Execution & Cross-Team Leadership
• Coordinate and collaborate with business unit portfolio managers and asset class teams on implementation, rebalancing, and cash deployment priorities.
• Drive consistency in portfolio analytics, performance attribution, and reporting, ensuring insights are decision-useful and senior-management ready.
• Mentor and develop investment professionals, fostering strong analytical standards, accountability, and collaboration.
• Foster collaboration across asset teams and enterprise partners, reinforcing a "one portfolio" mindset
• Governance & Communication
• Prepare concise, board-ready materials for Investment Committee, Finance Committee, and senior management discussions.
• Represent Investment Strategy & Portfolio Management in cross-functional forums spanning Finance, Actuarial, Risk, and Business leadership.
• Contribute to thought leadership on insurance investing, ALM evolution, and portfolio innovation

What we're looking for

• 10+ yrs of progressive experience in insurance investments, portfolio management, ALM, or investment strategy, preferably within an insurance general account.
• Deep understanding of fixed income markets, portfolio construction, and insurance balance-sheet constraints.
• Demonstrated experience working within U.S. statutory and/or Bermuda regulatory frameworks, including capital and accounting considerations.
• Proven ability to synthesize complex analysis into clear recommendations for senior decision-makers.
• Strong executive communication skills and comfort operating in a highly visible leadership role.
• Preferred Graduate degree in Finance, Economics, Mathematics, Engineering, or a related quantitative discipline.
• Advanced professional designations strongly preferred, including CFA, FSA/ASA, or comparable actuarial credentials.
• Experience partnering with actuarial, pricing, and finance teams on ALM, earnings, and capital optimization.
• Familiarity with portfolio analytics, modeling, and data-driven decision frameworks (Python, advanced analytics, or similar capabilities a plus).

Application Deadline

Applications for this position will be accepted through June 15, 2026, subject to earlier closure due to applicant volume.

What's it like to work here?

At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.

What's in it for you:

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
• Leadership development and virtual training opportunities
• PTO/parental leave
• Competitive 401K and employee benefits
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• Work arrangements that work for you
• Effective productivity/technology tools and training

The pay range for this position is $161,000 - $292,800 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln's total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln's standard benefits package.

About The Company

Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services. With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach. Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice.

Lincoln is committed to creating an inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.