Senior Investment Portfolio Manager

Senior Investment Portfolio Manager

Reports to: Vice President, Accounting & Finance
Department: Accounting & Finance
Section: Investments
Job Status: Exempt
FLSA Test: Executive
Salary Range: $160,000–$212,000 annually

JOB SUMMARY

Our client is a well-established, Kentucky-based insurance organization committed to financial stability and responsible risk management. The Senior Investment Portfolio Manager leads investment strategy, portfolio and cash management, regulatory compliance, and the development of the investment team. Working closely with the Finance Committee and executive leadership, this position oversees investment performance, identifies opportunities across fixed income and other asset classes, and presents complex investment information to the Board and other stakeholders. The role manages two to four direct reports and helps build the Company’s investment capabilities. Broad investment experience and previous leadership experience are required; insurance industry experience is preferred but not required.

ESSENTIAL FUNCTIONS

• Develop and execute investment strategies in collaboration with the Finance Committee, Vice President of Accounting & Finance, Directors, and investment team, considering the Company’s financial objectives, tax position, liquidity needs, risk tolerance, investment policy, and applicable regulations.
• Manage and monitor investment portfolios, evaluate performance against established benchmarks, and recommend adjustments as appropriate.
• Research, evaluate, and recommend investment opportunities across fixed income and other asset classes, including equities and alternative investments.
• Oversee portfolio management, investment research, security selection, trading, and cash management activities.
• Monitor applicable regulatory requirements, including NAIC, Kentucky Department of Insurance, and SEC regulations, and ensure compliance with Company policies and reporting requirements.
• Maintain a working knowledge of the Company’s tax model and applicable tax laws to support optimal after-tax investment results.
• Oversee the research, sourcing, allocation, and monitoring of alternative investments.
• Manage and develop a team of approximately two to four direct reports, including coaching, performance evaluations, recruitment, and professional development.
• Help build and strengthen the investment team through mentorship, process improvement, and development of technical capabilities.
• Maintain effective internal controls and support internal and external audits, regulatory examinations, and required reporting.
• Collaborate with Accounting Operations and Financial Reporting to forecast cash needs and coordinate the allocation of funds for investment and operational purposes.
• Present investment strategies, portfolio performance, risks, and recommendations to executive leadership, the Board, and other stakeholders, translating complex technical information into clear, actionable insights.
• Participate in executive, Finance Committee, and audit meetings and collaborate with leaders throughout Accounting & Finance.
• Report significant investment risks, compliance concerns, and recommendations to the Vice President of Accounting & Finance.
• Adhere to applicable professional ethical standards, including the CFA Institute Code of Ethics and Standards of Professional Conduct, as applicable.
• Support the Vice President and Directors in leading the Accounting & Finance department.
• Perform other duties as assigned. Essential functions may be supplemented as necessary.
• Maintain regular, predictable attendance and work on-site five days per week.

QUALIFICATIONS

• Bachelor’s degree in finance, accounting, economics, or a related field required.
• Minimum of 15 years of relevant experience, including at least 10 years in portfolio management and investment strategy development, preferably in insurance, banking, or a comparable corporate environment.
• Previous leadership experience and demonstrated ability to manage, mentor, and develop investment professionals.
• Strong fixed income expertise required; experience in equities, securities, and alternative investments is strongly preferred.
• CFA charterholder and advanced degree preferred.
• Thorough understanding of portfolio management, risk-controlled asset allocation, cash flow analysis, investment research, security selection, and financial markets.
• Knowledge of investment regulations, financial controls, tax considerations, and regulatory reporting requirements. Insurance experience is preferred but not required; the ability to learn the Company’s regulatory environment is essential.
• Excellent communication and presentation skills, including the ability to explain complex investment concepts to executive leadership and the Board.
• Strong analytical, organizational, interpersonal, and problem-solving skills, with the ability to manage multiple priorities and deadlines.
• Demonstrated integrity, sound investment judgment, self-motivation, and commitment to Company policies and Guiding Principles.
• Proficiency with Bloomberg, PORT, Clearwater, or similar investment analytics systems.
• Knowledge of property and casualty insurance products, operations, and systems preferred.
• Ability and willingness to work on-site five days per week. Candidates must be local to the Company’s office or relocate before starting employment.

COMPENSATION AND WORK ARRANGEMENT

• Salary: $160,000–$212,000 annually, commensurate with qualifications and experience.
• Bonus: Eligible for the Company-wide bonus program; no individual performance bonus.
• Work Arrangement: Full-time, on-site, five days per week. Relocation must be completed before the start date; assistance may be available for eligible candidates.

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