Senior Director Investments Treasury and Capital Planning

Overview

Why AAA Life

AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.

How You’ll Work

• Work Solution: Hybrid
• Relocation Eligibility: Available

Responsibilities

What You'll Do

Operating within the organization’s core values, this role oversees investment portfolio management, investment accounting, treasury operations, and select reconciliation processes. The position leads capital planning to meet regulatory and rating agency requirements, ensuring appropriate cash flows and capitalization across AAA Life Alliance entities. It partners closely with the CFO and senior leaders to develop and monitor investment and cash management strategies, serving as a key liaison across departments. The role also supports research, financial process enhancements, and cross-functional projects to drive overall organizational success.

• Primary liaison between the Company and its Investment Managers and its Bank Representatives.
• Working with the Treasury team, optimizes banking relationships to minimize cost and maximize short-term investment income on cash held. Ensures operating cash is available as needed.
• Directs analysis of the Investment Portfolio and Investment Income. Advises management of investment income trends and variances to budget or previous reporting periods.
• Directs or conducts research activities to determine the accounting and reporting implications of changes in corporate operations on Investment Accounting, Reconciliations, or Treasury processing.
• Reviews and ensures the accuracy of audit procedures utilized by staff members in preparing reports for internal and external auditors.
• Monitors and reports status of monthly reconciliation’s process to the Controller.
• Researches, recommends, and implements changes to the company Investment Systems to comply with Statutory and GAAP Accounting requirements.
• Analyzes market and portfolio investment yields for development of ongoing product crediting rates.
• Prepares materials for presentation to the Internal Investment Committee, Interest Rate Setting Committee, and assists the Asset-Liability Risk Committee.
• Reviews and verifies the preparation of the monthly, quarterly, and annual financial statements. Oversees the monthly close, including thorough analysis of cash and investment holdings using balances and transactions.
• Responsible for the selection, hiring, management, development and training of all direct reports. Provide coaching and guidance to staff to work toward agreed upon objectives. Develops and maintains job documentation and procedures.
• Responsible for maintaining compliance with all laws and regulations that govern the business processes in the department, as well as compliance with the Code of Ethical Market Conduct.
• Reviews and verifies various spreadsheets including accruals, investment expenses, trend analysis, daily cash balances, investment holdings, etc.
• Develops and maintains productive relationships with project sponsors, other business unit associates, and senior management.
• Develops and maintains complex financial models to analyze investment performance and project investment performance under various scenarios.
• Conducts and/or oversees appropriate research to suggest investment in new assets classes or withdrawal from existing asset classes.
• Works with outside investment advisory consultants to optimize portfolio performance regarding yield and capital efficiency, in addition to monitoring total return.
• Works with the company’s valuation actuaries to ensure proper asset/liability matching and adequate liquidity for investment, treasury and operating needs.
• Creates and analyzes metrics to monitor the performance of AAA Life Alliance investment managers to ensure they are meeting established standards.
• Monitors capital levels for each legal entity of the AAA Life Alliance; works with shareholder personnel to ensure required capital contributions are made timely. Works with the CFO and Chief Actuary to ensure capital plans are adequate and that sufficient capital is maintained to satisfy regulatory and rating agency requirements.
• Identifies project impacts on the investment and treasury systems and modifies appropriate models as necessary.
• Provide guidance and recommendations to management.
• Responsible for maintaining and documenting MAR compliance.
• Anticipates/discovers problems through analysis, and suggests corrective actions.
• Maintains and enhances investment and treasury reporting models and processes.

Qualifications

Basic Required Qualifications

• Willingness to work extended hours or weekends as needed (month end processing, budget season, ratings agency work, year-end work in January)
• Strong organization and communication skills
• Proficiency in PC applications and advanced spreadsheet modeling
• Experience with Microsoft office applications and data base systems required

Preferred Qualifications

• Bachelor’s degree in Business, Finance, Math or Accounting or equivalent experience require
• FLMI, CPA, CFA and/or CTP strongly recommended
• Minimum 8-10 years of experience in investments, or accounting/finance position involved with investments Experience with fixed income investing is preferred
• Experience in the insurance industry is preferred; or in a similar institutional investor setting
• General understanding of Statements of Statutory Accounting Principles (SSAP)
• Knowledge of Generally Accepted Accounting Principles (GAAP)
• Willingness to work extended hours or weekends as needed (month end processing, budget season, ratings agency work, year-end work in January)

Position Success Criteria

• Excellent written and verbal communication skills
• Strong organizational, problem-solving, and analytical skills
• Versatility, flexibility, and willingness to adapt to changing priorities
• Ability to exercise independent judgment and demonstrate leadership skills
• Proven ability to manage multiple projects and meet deadlines
• Strong interpersonal skills for effective collaboration and stakeholder engagement

While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel, talk, hear and concentrate. Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus.

This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.